Foton Motor Sales Up 34.6% YoY


Core Tip: The sales data for May was disclosed on June 11, 2010: May sales of 59,722 units in May, accumulated sales of 316,994 units in 2010, a cumulative increase of 34.6% over the same period of last year, including a cumulative increase of 113.3% in medium and heavy trucks, a cumulative increase of 96.7 for large and medium passengers %; April sales of 79,103 units, sales of 85,838 units in March; 38,892 units sold in February; 53,383 units sold in January.

According to the first quarter report of 2010, it is expected that the cumulative net profit from the beginning of the year to the end of the next reporting period will increase significantly compared with the same period of last year, mainly due to the increase in sales volume of the company’s main products and the company’s strict cost control, resulting in a substantial increase in profits. The 2009 annual report disclosed that in 2010, sales of 600,000 vehicles were guaranteed; sales revenue was 41.5 billion yuan; total profit was 1.01 billion yuan. To achieve sales of 700,000 vehicles, sales revenue of 52.5 billion yuan, 1.34 billion yuan profit.

The sales data for May was disclosed on June 11, 2010: May sales were 59,722 units in May, and cumulative sales in 2010 were 316,994 units, a cumulative increase of 34.6% over the same period of last year, of which, the cumulative increase of medium and heavy trucks was 113.3%, and the cumulative growth of large and medium passengers was 96.7%; 4 It sold 79,103 vehicles in a month, and sold 85,838 vehicles in March. In February, it sold 38,892 vehicles. In January, it sold 53,383 vehicles.

As a state-controlled listed company with cross-regional, cross-industry, and cross-ownership ownership, the company currently owns nine brands of Auman, Euro V, Ao Ling, Legend, Omar, Landscape, Sapp, Times, and Parker. Production models include light trucks, heavy trucks, light buses, and large and medium-sized passenger cars. Foton Motor has grown into the first brand of commercial vehicles in China and has grown into the backbone of independent brands and independent innovation in the Chinese automotive industry. As the leading company in the national commercial vehicle industry, the company has been ranked first in the industry for many years in a row. In 2009, the company sold a total of 602,021 vehicles, an increase of 47% year-on-year, ranking seventh in sales volume among single-car manufacturers across the country.

5 billion to build a new energy automotive base. At the end of 2008, the Ministry of Science and Technology and the Beijing Municipal Government jointly awarded the company a plaque for the design and manufacturing base of new energy vehicles. The Beijing New Energy Automobile Industry Base, centered on Foton Motors, is the first new energy design and manufacturing base for the automotive industry in China. The investment amounted to 5 billion yuan, and 5,000 new energy buses and 400,000 energy-efficient engines have been formed. The production capacity will become the largest and most versatile new energy vehicle design and manufacturing engineering base in China. The base will have three major green energy technologies (clean energy, alternative energy, and new energy technologies) that are in sync with the world and have built hybrid power, The four core design and manufacturing engineering centers for pure electric power, hydrogen fuel, and energy-efficient engines.

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