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Panzhihua Network August 14th, according to foreign reports, China's leading commercial vehicle manufacturer - Anhui Jianghuai Automobile Group Co., Ltd. Vice President Wang Zhiyuan said on Tuesday that Jiangqi Group has completed the restructuring, the overall listing is still under consideration, and there is no clear timetable This year, the Group’s annual auto sales target is 215,000 vehicles, and more than half of it has been completed.
When participating in a meeting, he disclosed that Jiangqi Group had achieved sales revenue of 10.1 billion yuan in the first half of the year, a year-on-year increase of over 20%, mainly due to the significant increase in sales of commercial vehicles. Last year, the company produced and sold 175,000 vehicles of various types of vehicles and buses.
He said, "The first step of the group company restructuring has been completed, the second step will seek new strategic investors, but the company is busy expanding production, there is no clear timetable."
He also did not make more comments on the overall listing of the group. JAC Group maintains its leading position in domestic market segments such as light trucks, passenger car chassis and multi-purpose commercial vehicles. Earlier this year, it approved the production of passenger cars. It has subsidiaries such as Jianghuai Automobile (600418) and Ankai Bus (000868).
The Ankai bus announced last week that the company’s board of directors has resolved to issue additional 10 million shares to the controlling shareholder Jiangqi Group to purchase 41% of the Anhui Jianghuai Bus Co., Ltd.’s holdings, thereby integrating the passenger vehicle business of Jiangqi Group. .
Wang Zhiyuan stated that this year, the company's production and sales target for heavy trucks is 10,000; the annual target for light trucks is 100,000 vehicles, and half of the trucks have already completed more than half of them, reaching more than 60,000 vehicles. Other products also maintain a prosperous production and sales, and the overseas market is also showing rapid growth. It is estimated that the marketing situation throughout the year “will be quite good.â€
He mentioned that the company's overseas market accounts for about 10% of the total sales. The planned export target for this year is 12,000, which is expected to reach 1.4-1.5 million units, an increase of about 20%.
The company’s website’s production and sales data show that its heavy truck production in the first half of the year was 4,955 units, an increase of 332.75% year-on-year, and sales were 4,433 units, an increase of 336.75% year-on-year.
As for the car project approved by the company this year, Wang Zhiyuan said, “We are lean and we have to do it well.†And said that the company’s investment in cars is more than 2 billion yuan, and its first sedan will be produced this year. In the third quarter of the market, the annual production and sales target is about 3,000.