AutoBeta(AutoBeta.net)07/10 Report--

In July and September, BAIC New Energy announced that the company had received a total of 30 million yuan from the Huanghua municipal government to support the new energy vehicle industry, which BAIC included in its total profits in 2019.

In fact, the Hebei Huanghua municipal government also allocated 20 million yuan in industrial support funds to BAIC New Energy in January this year, so the total support funds reached 50 million yuan. In addition, in January, the Finance Bureau of the Beijing Economic and technological Development Zone also allocated 350 million yuan in industrial support funds to BAIC New Energy. The funding for industrial support has reached 400 million yuan this year.

With regard to subsidies for new energy vehicles, BAIC New Energy has received a total of 1.155 billion yuan in subsidies for the promotion and application of new energy vehicles this year.

According to accounting, BAIC New Energy has received a total of 1.555 billion yuan in subsidies and support funds this year.

Industry insiders said that BAIC received subsidies and subsidies to help ease the current operating pressure of BAIC New Energy.

In 2018, BAIC New Energy realized a net profit of 155 million yuan belonging to the shareholders of listed companies, but the net profit after deducting non-recurrent profit and loss was a loss of 729 million people, while the non-recurrent profit and loss mainly came from government subsidies, which were included in the current profits and losses of 918 million yuan in 2018.

According to the data, BAIC's new energy sales reached 65159 vehicles from January to June this year, an increase of 21.57% over the same period last year.

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