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  Live on government subsidies? JAC's net profit soared by 154.3% in the first three quarters.

  Jianghuai Automobile officially released its third quarter results report in 2019. The report shows that in the first three quarters of this year, JAC Motor achieved operating income of 37.19 billion yuan, an increase of 2.4% over the 36.33 billion yuan in the same period last year. The net profit of shareholders belonging to listed companies was 120 million yuan, an increase of 154.3% over the 49 million yuan in the same period last year. JAC Motors previously said in a forecast that the sharp increase in net profit in the first three quarters was mainly due to the company's initiative to adjust its product structure and strictly strengthen cost control, so as to improve the profitability of its main business. Although profits have skyrocketed, sales have shown.

  Jianghuai Automobile's results for the first three quarters 2019-10-31
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  The net profit of Jianghuai Motor increased by 124 million in the first three quarters, and the government subsidized nearly 500 million yuan.

  According to the announcement, JAC Motor expects to achieve a net profit of 124 million yuan from January to September, an increase of 76 million yuan over the same period last year, an increase of 159% over the same period last year. The net profit belonging to shareholders of listed companies after deducting non-economic gains and losses was-80 million yuan, an increase of 746 million yuan over the same period last year. Jianghuai Motors said in the announcement that the main reason for the pre-increase in the first three quarters is that the company takes the initiative to adjust its product structure and strictly strengthen cost control, so as to improve the profitability of its main business.

  Jianghuai Motor's results in the first three quarters 2019-10-18
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  "hold the masses on the left, hug Wei on the right"! Jianghuai Motor lost all profits in 2021 in the first quarter.

  On April 15, Jianghuai Automobile released its first-quarter results for pre-sale. According to the announcement, the net profit of JAC Motor belonging to shareholders of listed companies is expected to lose 307 million yuan in the first quarter, and the net profit belonging to shareholders of listed companies after deducting non-recurrent gains and losses is expected to lose 485 million yuan. As for the reasons for profit losses, Jianghuai Motors said that due to the epidemic and chip shortage, sales of 129400 vehicles and chassis in the first quarter of 2022, down 11.67% from the same period last year, at the same time, the rising prices of chips, batteries and other raw materials led to a rise in input costs, and the gross profit of the main business in the first quarter of 2022 decreased by about...

  Jianghuai Automobile 2022-04-16
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  Automobile companies reduced their profits by 10 billion yuan in the first quarter compared with the same period last year.

  With April has passed more than half the time, the major domestic car companies have announced last year's financial results, and will usher in the latest financial data in the first quarter. However, when there was no optimistic upward trend for the entire automobile market, it was disrupted by a sudden COVID-19 epidemic, so that it began to usher in a sharp setback in 2020.

  Automobile 2020-04-20
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  Jianghuai car sales are declining, and Volkswagen is powerless to recover.

  According to KuaiBao, a sales report released by JAC, JAC sold 32700 vehicles in October, down 2.44% from a year earlier. The cumulative sales from January to October were 353500, down 10.52% from a year earlier. In terms of specific models, sales of the SUV model in October were 6718, up 22.46% from a year earlier. Cumulative sales from January to October were 77615, down 1.15 per cent from a year earlier, down 10.96 per cent from a year earlier to 3704 in October. Cumulative sales from January to October were 32297, down 35.36% from a year earlier; car models were sold in October.

  Jianghuai Automobile 2019-11-11
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  Transfer Weilai factory! The company responded

  On October 19th, Jianghuai Automobile announced that the company intends to transfer some of its assets through public listing, involving the inventory of the three factories of the passenger car company, fixed assets, projects under construction, buildings, land use rights and Xinqiao factory structures and equipment assets of the passenger car company, with a proposed listing price of 4.498 billion.

  Automobile production factory company asset model contract manufacturing ideal qualification Xiaopeng base car use Beijing market limited 2023-10-20
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  In the post-subsidy era, Jianghuai Motor can still "eat" subsidies to survive.

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  Jianghuai 2019-12-03
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  Summary of the results of domestic car companies in the third quarter, BYD Changan made a profit of more than 3 billion yuan.

  Affected by the COVID-19 epidemic, the performance of domestic automobile enterprises declined almost synchronously in the first half of this year, and loss-making operation has also become a common phenomenon. In the second half of the year, a number of car companies are committed to sales growth, launching more new cars to occupy the market, and performance has also recovered to varying degrees. In the performance statistics of a number of domestic auto companies in the first three quarters of 2020, the top five are SAIC, BYD, Great Wall Automobile, GAC GROUP and Changan Automobile, among which BYD and Changan both achieved simultaneous growth in revenue and net profit. SAIC Group: net profit fell nearly 20% according to SAIC's performance report, SAIC in the first three quarters.

  SAIC Volkswagen SAIC 2020-10-31
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  Semi-annual report of 12 domestic car companies in 2019: only 3 achieved net profit growth, while BYD soared year on year

  According to statistics from the China Automobile Association, in the first half of this year, a total of 12.132 million cars were produced and 1232.3 vehicles were sold in China, down 13.7% and 12.4% respectively from the same period last year. Among them, passenger car sales in the first half of the year were 10.127 million, down 14.0% from the same period last year, and the decline began to narrow from January to May. Sales of cars, SUV and MPV fell 12.9%, 13.4% and 24%, respectively. According to the recent financial data released by enterprises, it is a mixed blessing. BAIC New Energy and BYD grew with the help of new energy vehicles, while Haima lost money but decreased compared with last year.

  2019 profit Lifan 2019-08-30
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  Huawei is rumored to be hand in hand with Jianghuai to build cars.

  Recently, the latest progress has been reported on the joint car-building project between Jianghuai and Huawei. On February 16, the official website of China Construction Group issued a notice about the winning bid for the EPC project of Anhui Feixi New Energy Automobile Intelligent Industrial Park by the sixth Bureau consortium of China Construction Corporation. According to its published content, the winning bid of the project is about 15.4.

  Automobile Huawei Project Cooperation Intelligence Hefei Feixi News New Energy Group High-end Construction Industry net profit net profit 2023-02-18
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  Head autonomous car company sales completion rate in 2020, this car company is only less than 10%?

  2020 is hard for the whole new car market, since the outbreak of the novel coronavirus epidemic at the beginning of the year, the vast majority of car companies are in a state of negative growth. However, thanks to the improvement of the epidemic situation and the gradual recovery of the auto market, a number of car companies have also ushered in a pick-up in sales and become regular, and have a full grasp of the annual target.

  Self-owned automobile enterprise 2020-12-16
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  Jianghuai Volkswagen cooperation has a positive impact. Li Bin said that Wei Lai China may be listed in China.

  Although the delivery volume of Xilai is far ahead of other new domestic car-building forces, its profitability is worrying. At the earnings conference call for the first quarter of 2020, Weilai CEO Li Bin said that from the perspective of Weilai China, there is the possibility of listing in China's capital market, and Weilai makes a comprehensive decision based on all aspects of the subsequent situation in China's capital market. As for the impact of Volkswagen's acquisition of a 50% stake in Jianghuai on Weilai, Li Bin said on a conference call that the cooperation between Weilai and Jianghuai is a win-win situation, and the emergence of more new energy car manufacturers in Hefei, Anhui Province is a positive thing, even if Volkswagen reaches a war with Jianghuai.

  Weilai 2020-05-30
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  The code name Jianghuai A432 is co-produced with Volkswagen and may unveil the 2019 Chengdu Motor Show.

  More designs of the brand new sedan codenamed A432 were obtained from the Jianghuai official. It is understood that the new car is designed by Daniele Gaglione, the chief designer of Jianghuai Italian Design Center, as well as Giancarlo Concilio, the former chief interior director of Lancia and Maserati, and Maurizio Poli, the former chief engineer of Georgia and Stola, the world's top design company. The new car will officially go on sale in the fourth quarter of this year and become the first car produced by Jianghuai Automobile and Volkswagen. Appearance.

  VW 2019 Jianghuai 2019-07-22
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  China Construction Investment reduced its stake by no more than 2%, and Jianghuai Motor sales fell 8.7% in September compared with the same period last year.

  Today, Jianghuai Automobile released its latest production and marketing KuaiBao. According to KuaiBao, the total production and sales of various types of passenger vehicles and commercial vehicles in September this year were 30794 and 31679, down 10.13% and 8.7% from January to September, respectively, down 11.23% and 11.27% from January to September. Specifically: in terms of SUV models, Jianghuai Motor sold 9121 vehicles in September, up 56.85% from the same period last year; in the first three quarters, it sold 70897 vehicles, down 2.92% from the same period last year.

  Jianghuai Motor sales in September 2019-10-11
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  Mercedes-Benz under the influence of the epidemic plunged Beijing Automobile's profit by 95% in the first quarter.

  In 2019, Beijing Automobile, which relies on Beijing Mercedes-Benz to bring huge profits, increased by 15% against the trend, with a cumulative revenue of 174.632 billion yuan, of which the related income of Beijing Mercedes-Benz was as high as 155.152 billion yuan, accounting for 89%. This also means that Beijing Automobile performance is completely "manipulated" by Mercedes-Benz.

  Beijing Automobile 2020-04-28
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  It is said that Volkswagen wants to buy a large number of shares in Jianghuai Automobile, Jianghuai responded: no formal plan has been formed yet

  Since China announced last year that the restrictions on foreign shares in passenger cars would be lifted by 2022, many overseas car companies are ready to move. BMW is the first car company to increase its stake in brilliance BMW, except BMW. Volkswagen, Audi, Ford and Daimler all seem to be interested in increasing their holdings in the joint venture. Recently, it was reported that Volkswagen wants to buy a large stake in JAC and has hired Goldman Sachs as an adviser. Volkswagen is considering buying a large stake in JAC Motor, its electric car joint venture partner in China, and has hired Goldman Sachs as an adviser, Reuters quoted sources as saying. The current market capitalization of Jianghuai Automobile is about 1.7 billion US dollars.

  Automobile Volkswagen acquisition Jianghuai Automobile 2019-04-11
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  Jianghuai OEM million level MPV? Official response

  According to reports, Apple supply chain analyst Guo Mingyi posted on the social platform on Aug. 1 that Huawei and JAC Motors are working together to develop a MPV model with a price of about 1 million yuan, which is expected to be in mass production in the second quarter of 2024, with a sales target of about 50, 000 vehicles one year after its launch. In this regard, the relevant personnel of Jianghuai Automobile

  Huawei cars models groups cooperation projects development intelligence new energy news high-end Newport production announcement Feixi 2023-08-01
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  Jianghuai brand-new sedan was unveiled at Chengdu Auto Show, named Jiayue A5, which went on sale in the fourth quarter.

  The 2019 Chengdu Auto Show officially opened today after the newly exposed Jianghuai hatchback sports sedan, code-named A432, was finally unveiled, officially named Jiayue A5, and is scheduled to go on sale in the fourth quarter. It is understood that as the first car produced by Jianghuai Volkswagen, the Jiayue A5 was designed by Daniele Gaglione, the chief designer of Jianghuai Italian Design Center, and once served as the design director of Alfa Romeo, Maserati and Chrysler, so there is no sign of Maserati in front of the car. Jianghuai Jiayue A 5 is positioned as a compact car with a length, width and height of 47.

  Volkswagen car Jianghuai 2019-09-05
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  Jianghuai Automobile is exposed to fake emissions, and it is difficult for new energy to save the predicament.

  2019 is destined to be a sad year, but for Jianghuai Motor, it seems to be even more sad. The profit in the first quarter fell by 70%. In April, the joint venture company with Volkswagen was under pressure to adjust its share currency. In May, it received an inquiry letter from the Shanghai Stock Exchange due to a sharp decline in operating data in 2018. After formally replying to the inquiry from the Shanghai Stock Exchange in June, it received the "Administrative penalty decision" from the Beijing Ecological and Environmental Bureau in July. Jianghuai Automobile was punished because three trucks were randomly inspected. The test found that the functional test of the on-board diagnosis system did not meet the requirements of the standard and should not be sold as qualified products for emission inspection. So Beijing.

  Automobile Jianghuai Automobile Jianghuai Emission 2019-07-13
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  It's hard to get out of this mess! After a huge loss of 760 million yuan, the shares of Zhongtai Automobile's major shareholders were judicially frozen.

  Zhongtai Automobile announced that it recently received a letter from its controlling shareholder, Tieniu Group Co., Ltd., that part of the shares held by Tieniu Group and its concerted actor Huangshan Golden Horse Group Co., Ltd. had been judicially frozen, with a total of 365 million shares frozen. Specifically, nearly 250 million shares of Tieniu Group were judicially frozen by Beijing second Intermediate people's Court, Shenzhen Intermediate people's Court of Guangdong Province and Shanghai Pudong New area people's Court due to contract disputes, accounting for 31.83% of the shares. 106 million shares held by Jinma Group were also frozen and frozen by the Shenzhen Intermediate people's Court of Guangdong Province because of contract disputes.

  Zhongtai Automobile 2019-11-06