AutoBeta(AutoBeta.net)05/03 Report--

P.p1 {margin: 0.0px 0.0px 0.0px 0.0px; text-align: justify; font: 16.0px 'PingFang SC'; color: # 323333}

P.p2 {margin: 0.0px 0.0px 0.0px 0.0px; text-align: justify; font: 16.0px 'PingFang SC'; color: # 323333; min-height: 22.0px}

P.p3 {margin: 0.0px 0.0px 0.0px 0.0px; font: 18.0px 'Microsoft YaHei'; color: # 323333}

P.p4 {margin: 0.0px 0.0px 0.0px 0.0px; font: 16.0px 'Microsoft YaHei'; color: # 323333; min-height: 21.0px}

P.p5 {margin: 0.0px 0.0px 0.0px 0.0px; font: 16.0px 'PingFang SC'; color: # 323333}

P.p6 {margin: 0.0px 0.0px 0.0px 0.0px; font: 16.0px Arial; color: # 323333; min-height: 18.0px}

P.p7 {margin: 0.0px 0.0px 0.0px 0.0px; font: 18.0px 'Microsoft YaHei'; color: # 323333; min-height: 24.0px}

P.p8 {margin: 0.0px 0.0px 0.0px 0.0px; text-align: center; font: 18.0px 'Microsoft YaHei'; color: # 323333;-webkit-text-stroke: # 494949; min-height: 24.0px}

P.p9 {margin: 0.0px 0.0px 0.0px 0.0px; font: 18.0px 'Microsoft YaHei'; color: # 323333;-webkit-text-stroke: # 494949}

Span.s1 {font-kerning: none}

Span.s2 {font: 16.0px Arial; font-kerning: none}

Span.s3 {font: 16.0px 'Microsoft YaHei'; font-kerning: none}

Span.s4 {font: 17.0px 'PingFang SC'; font-kerning: none; color: # 494949;-webkit-text-stroke: 0px # 494949}

Span.s5 {font-kerning: none; color: # 007bcd;-webkit-text-stroke: 0px # 007bcd}

Lifan recently officially released its first-quarter 2019 results. The operating income of Lifan shares in the first quarter of this year was about 2.247 billion yuan, down 31.07% from the same period last year; the net profit attributed to shareholders of listed companies was about-97.2048 million yuan, down 257.56% from the same period last year.

In addition, Lifan Group also released its 2018 results, which showed that Lifan Group's annual revenue of 11 billion yuan, down 12.6%, but its net profit increased by 48% to 253 million yuan. It increased by 47.95% over the same period last year; the net profit belonging to shareholders of listed companies after deducting non-recurring gains and losses was about 2.149 billion yuan, down 1047.68% from the same period last year.

Probably because of the loss, Lifan shares have sold two assets one after another. In December, Lifan transferred a 100 per cent stake in its subsidiary Chongqing Lifan Automobile Co., Ltd. to che Hejia at a price of 650 million yuan.

In addition, Lifan also sold the production base of the original 150000 passenger car project to Chongqing Liangjiang New area Land Reserve renovation Center for about 3.315 billion yuan. Lifan disclosed in its 2018 annual report that it had received about 2.445 billion yuan in deposits.

Lifan Group sold a total of 10300 new energy vehicles in 2019, an increase of 31% over the same period last year, with a sales income of 850 million yuan, which has become an important source of income for Lifan Group. Its products are exported to more than 60 overseas countries and regions. The current strategic orientation of Lifan should be to take new energy vehicles as a breakthrough to realize the value extension of the company's automobile products from simple traditional manufacturing to service industry.

In fact, not only Lifan Group, the domestic large-scale production of new energy vehicle companies in 2018 are basically very good performance! For example, for example, BYD has sold 247800 vehicles, and the top 10 new energy car companies are basically able to catch up with the scheduled sales plan.

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat