🔥 热搜 🔥
百度今日热点微信公众平台贴吧opggdnf私服百度贴吧知乎dnf公益服百度傻逼
分类
社会娱乐国际人权科技经济其它
🔥 热搜 🔥
百度今日热点微信公众平台贴吧opggdnf私服百度贴吧知乎dnf公益服百度傻逼
分类
社会娱乐国际人权科技经济其它
查看原文
其他

Trumpchi’s sales decline brings down GAC Group’s H1 revenue

Tuesday GasgooAutoNews 2022-06-21
Shanghai (Gasgoo)- GAC Group posted double-digit year-over-year decrease in both first-half revenue and net profit, according to the automaker's interim report. 
For the first six months, the group's revenue amounted to RMB28.123 billion, showing a decrease of 23.38% from the year-ago period mainly due to the prolonged downturn in China's overall auto sales and outputs, domestic policy adjustment and the sales volume decline in its self-owned brand Trumpchi. 
Besides, semi-annual net profit attributable to shareholders substantially slid 28.85% to RMB4.919 billion. Basic earnings per share for the reporting period were roughly RMB0.48, down by 29.41% over the year ago period.
GAC Group sold 999,560 vehicles through June with a slight year-on-year drop of 1.69%, outpacing the overall auto market which posted a 12.4% decrease in first-half sales.
Two Sino-Japanese joint ventures—GAC Honda and GAC Toyota—are major sales contributors for the group's stable performance. Both of them obtained double-digit increase in Jan.-Jun. sales volume. 
(Photo source: GAC Trumpchi)
The group's wholly-owned GAC Motor attained an impressive growth of 18.92% in June sales after five consecutive months of decline.
Operating costs dipped 10.38% over a year earlier to approximately RMB25.564 billion primarily due to the decrease in production cost caused by sliding sales of self-owned models. However, growth in commercial businesses along with rising sales of joint-venture models correspondingly led a higher marketing cost, which counteracted the production cost decline to some extent.
In addition, R&D expenses jumped 24.43% year over year to RMB2.124 billion.
Read more

⊙SAIC Motor posts decline in both first-half revenue, net profit

⊙BAIC Motor posts 14.1% growth in H1 revenue, while profit slides

⊙Geely Automobile sees first-half net profit tumble 40%

Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods.

您可能也对以下帖子感兴趣

文章有问题？点此查看未经处理的缓存