Tongli Shares: Net Profit in the First Half of the Year Greatly Increased by 50.5% over the Same Period Last Year, Sustainable Growth in the Future can Be Expected

Tongli Shares: Net Profit in the First Half of the Year Greatly Increased by 50.5% over the Same Period Last Year, Sustainable Growth in the Future can Be Expected

August 25, 2023

Securities Times Network News,August 24,Tongli shares of listed companies in Beijing Stock Exchange(834599.BJ)Publish semi-annual report。The report shows,The company's financial data increased significantly in the first half of the year.,Among them, the operating income is 3.3 billion yuan.,Year-on-year growth of 30.56%;Net profit of 3.3.4 billion yuan,Year-on-year growth of 50.50%;Gross profit margin was 19.29%,Increased by 1.79 percentage points,The company's business development is full of stamina.。

As the leading enterprise in the domestic off-highway dump truck industry,,The main products of Tongli include TL87、TL88 and other series of off-highway wide-body dump trucks,It also producesTLD Ries off-highway mining dump truck、TLKSeries of tunnel vehicles、TLSRies of off-highway sprinklers、TLQSeries of bridge transport vehicles and other construction machinery products。In addition,In addition to conventional fuel vehicles,The company also introduced pure electric drive.、Hybrid drive、Hydrogen fuel、Methanol fuel and other new energy vehicles。

The whole construction machinery industry is full of uncertainties.,The company firmly implements the continuous optimization of production process formulated at the beginning of the year.,Continue to improve product quality,At the same time, cost control and process optimization are strengthened.,Strategies for Effective Cost Control。While cultivating the domestic market,Continue to expand overseas markets,Improve overseas sales capacity。

The company's semi-annual report data show that,In the first half of the year, the business income was 3.3 billion yuan.,Year-on-year growth of 30.56%;Net profit of 3.3.4 billion yuan,Year-on-year growth of 50.50%。Gross profit margin was 19.29%,Increased by 1.79 percentage points。It is worth noting that,The company's foreign revenue in the first half of the year reached 4..800 million yuan,Year-on-year increase of 68.86%。

Good performance in the first half of the year,As well as the country's forward-looking planning for the construction machinery industry.,It also gives the company full confidence in its business performance and future development throughout the year.。

First half,The demand for coal resources in the whole economic activity is still strong.。Data released by the National Bureau of Statistics,First half of 2023,National production of raw coal 23.0 billion tons,Year-on-year growth of 4.4%。On the whole,The output of raw coal in China continued to grow.,Coal is in plentiful supply。

The off-highway wide-body dump truck produced by Tongli Co., Ltd. mainly serves open-pit coal mines.、Cement, building materials and mining、Sand, stone, aggregate, ore, etc.。For the company,With the increasing proportion of open-pit coal mines,There will be more and more market opportunities for off-highway wide-body dump trucks, the company's main product.,And it is expected that the whole market will achieve steady growth in the future.。

And the earlier release《Construction machinery industry“Fourteen five”Development planning》(Hereinafter referred to as《Plan》),It points out the direction for the future development of the industry.。《Plan》Put forward“By 2025,The overall level of construction machinery industry has been greatly improved.,Innovation capability has been significantly enhanced.,Quality and efficiency have been significantly improved.,Development capacity has been further enhanced.”;In addition,《Plan》Specific quantitative indicators are put forward for future structural adjustment targets.,Including 2023, the proportion of electric vehicles will exceed that of internal combustion engine vehicles.,2025,Electric vehicles accounted for 65 percent%Above;The proportion of lithium-ion industrial vehicles in electric vehicles will increase rapidly.。Horizontal and vertical mergers and acquisitions in the industrial vehicle industry chain、Integration、The process of joint venture cooperation will be further accelerated。

It is worth mentioning that,Under the vigorous advocacy of the state,A large number of infrastructure projects are“The Belt and Road”Landing construction of countries along the line。Related industries“Walk out”,It also brings great opportunities for the development of enterprises.。In recent years,The performance of Tongli's overseas sales department has been improving year by year.,It also proves that the demand of overseas markets is constantly releasing.,The whole industry will usher in a larger market.。

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