March 31,Dongfeng MotorThe Group Co., Ltd. (00489.HK, hereinafter referred to as Dongfeng Group) released the 2021 financial report data, showing that the group continues to optimize the management system, maintains high-quality operations, and has good key financial indicators.Revenue increased by 4.2% year-on-year, the annual pre-tax profit was 12.760 billion yuan, a year-on-year increase of 4.7%, and the pre-tax profit margin reached 11.3%, which was attributable to the parentnet profitIt reached 11.4 billion yuan, a year-on-year increase of 5.8%.
Dongfeng MotorZhu Yanfeng, chairman of the group, said that in 2021, the development of the domestic auto industry will be greatly challenged, the continuation of the new crown epidemic, the shortage of auto chips, and the rise of raw materials for bulk commodities will have a great impact on the auto industry. The annual industry sales were about 26.2748 million vehicles, a year-on-year increase of about 3.8%. Among them, the sales of passenger vehicles were 21.4815 million units, a year-on-year increase of about 6.5%; the sales of commercial vehicles were 4.7933 million units, a year-on-year decrease of about 6.6%. Faced with the complex and ever-changing external situation, the Group maintained high-quality development in its overall operations throughout the year through measures such as seizing the market, tapping internal potentials, reducing costs and increasing efficiency, and strengthening synergies, achieving double growth in revenue and profit, as well as asset-liability ratio and profitability. A good trend of double decline in interest and liabilities.
In addition, the new energy business achieved growth, with annual sales of approximately 161,000 units, an increase of 2.6 times year-on-year, higher than the industry growth rate and ranking fourth in the industry. Among them, the high-end new energy model Lantu FREE was successfully launched, and the sales volume increased month by month. The Fengshen E70 The sales volume increased by 5 times year-on-year; the joint venture passenger car business is facing a huge impact from the lack of cores. By actively adjusting the sales structure and cooperating with the upstream and downstream suppliers in the industry, the terminal sales are stable throughout the year, and the overall terminal retail sales are better than the industry decline. Among them, Shenlong The company achieved a recovery in sales through measures such as the “Yuan + Plan and the Five-Heart Protection Action” and doubled its sales throughout the year.
(Article Source:securitiesDaily Network)
Article source: Securities Daily.com
Responsible editor: 92
Original title: Dongfeng Motor Group will achieve a net profit of 11.4 billion yuan in 2021, and the sales of new energy vehicles will increase by 2.6 times year-on-year
Solemnly declare: Oriental Fortune.com releases this information for the purpose of disseminating more information and has nothing to do with the position of this site.