March 22，As the world's leading high-end manufacturer of semi-trailers and special vehicles、The Pioneer of High Quality Development of China's Road Transport Equipment、Explorers and innovators in the field of new energy special vehicles in China，CIMC vehicles（301039.SZ/01839.HK）Held the 2023 Annual Performance Conference。The company's annual performance has been reported frequently.、Climb the peak again，Achieve a great leap forward。

Group photo of leaders at the performance conference

Annual report data show，CIMC achieved revenue of 250 in 2023.8.7 billion yuan（Unit：RMB，Same as below），Year-on-year increase of 6.21%；Net profit attributable to shareholders of the listed company 24.5.6 billion yuan，Significant increase over the same period 119.66%；Realized net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses 15.5.3 billion yuan，Year-on-year growth of 69.68%,A record high；Gross profit margin increased to 18.96%，Lift 5.68 percentage points；Total assets and net assets attributable to shareholders of listed companies amounted to 238..3.8 billion yuan and 154.4.7 billion yuan，Up 7% from 2022.29%And 15.62%；Net operating cash flow of 17.9 billion yuan，A substantial increase of 55.14 %；Basic earnings per share of 1..22 yuan，Year-on-year growth of 121.82%；The weighted average return on equity was 17 percent.93%，Year-on-year increase of 8.75 percentage points。The company sells a total of 13 vehicles worldwide..900,000/Table set。

After the third venture in 2023，CIMC Vehicle insists on trans-ocean operation，The overall business performance of each business or group is outstanding.，Towards High Quality Development：Star Chain Lighthouse Pioneer Group Deployment“Star Chain Project”，Grasp“The Belt and Road”Market opportunities，Gross profit margin increased；Strong Crown Business Group Performance，Explore market segmentation opportunities，Broaden the way to the sea，Sales volume、Income increases；Steady business development in North America，Profit keeps growing，Gross profit margin increased year on year；European business up against headwinds，Reduce cost and increase efficiency、Optimize manufacturing process and supply chain management，Increase in both revenue and gross profit margin；Establishment of muck truck and heavy truck business completed，Integrate resources、Weed out the old and bring forth the new、Deepening research and development of new energy products，Seize market share；“Good head, good hanging.”、“A good horse with a good saddle.”、“Good car with good tank”Three good development has become a valuable strategic exploration for the high-quality development of commercial vehicles in China.。

Each business or group is moving towards high-quality development.，Overseas markets grew 7% against the trend.67%

The international situation is turbulent.、The task of domestic reform, development and stability is arduous and arduous.，CIMC vehicles actively change their thinking，Insist on transoceanic operation，Deepen construction“Lighthouse Manufacturing Network”，Each business or group is moving towards high-quality development.，Consolidation of domestic business base，Overseas markets are growing against the trend，Revenue was up 7% year on year.67%。

Look at it in detail，Star Chain Lighthouse Pioneer Group landed“Star Chain Project”，Carry out structural reform of production organization，And build“Good head, good hanging.”Yes“The head is hung as a whole”Sales model，Upgrade the organization in an all-round way、Brand、Products and sales channels，Consolidate the domestic market base，Vigorously develop“The Belt and Road”Market，Revenue achieved in 2023 45.2.2 billion yuan，Gross profit margin increased by 1% year-on-year.34 percentage points，The market share of semi-trailers in China has been the first for five consecutive years.。

Qiangguan Business Group actively innovates products，Launch of Almighty King Gyro Tank R & D、“The pot of the future”And other brand new products，And start the research and development of new energy head-mounted train integrated products.；Pass at the same time“Good car with good tank”The model provides an integrated solution，Strong performance in 2023，The income reached 49.0.8 billion yuan，Year-on-year increase of 35.00%，Sales increased significantly by 30.74%。Among，The sales volume of concrete mixer has been the first in China for seven consecutive years.，And maintain a leading position in the global tanker market.。

Active landing of North American business“Deep Space Exploration Program”，Build“Shared narrowband evolution”New development pattern，Exerting the advantages of global supply chain management，Driven by local manufacturing and innovation，To achieve connotative development，Achieved income in 2023 107.7.6 billion yuan，Gross profit margin increased year on year。

The European business continues to optimize manufacturing processes and value streams，Reduce cost and increase efficiency，Break through against the trend，Achieve quality growth。Achieve revenue of 30% in 2023.2.4 billion yuan，Year-on-year increase of 15.39%，Gross profit margin increased by 5% year-on-year.48 percentage points。Among，SDCThe company's profit hit a record high.，Number one in the UK market；LAGIncome is up，Top of the European tank car market。

Organizational restructuring of muck truck and heavy truck business，Complete the establishment，Be implemented simultaneously“The royal nanny”Service and joint with the main engine factory“A good horse with a good saddle.”Project，Actively promote new energy products，Seize the market share of muck truck business，Achieve revenue of 7 in 2023.0.7 billion yuan。Among，Market share of urban muck trucks in China increased to 15.55%。

Firmly push forward“Star Chain Project”，Build a benchmark for supply-side reform、Typical examples of high-quality development and two-wheel drive

At present，Unprecedented Changes in the World in a Century Accelerate Evolution，That used to be disturbing.“VUCA”Is being made to suffer even more“BANI”Replaced by。CIMC Vehicle Transforms Thinking with Practical Action，Firmly push forward“Star Chain Project”，The exploration is more sophisticated、More resilient、More quality growth mode。This is also the response of CIMC vehicles in the next decade.“BANI”The idea of solving the problem。

Since 2023，CIMC vehicles advance efficiently with their unique endowments“Star Chain Project”，By integrating the resources of seven semi-trailer factories，Get through procurement、Production、Circulation、The link of distribution and consumption，Build a star chainLTPThe group is the base，CIMC Lighthouse Semitrailer Business Group、Tonghua Pioneer Semitrailer Business Group is a front-line combat organization，Form market share、Leap-forward increase in sales and profits，Build a benchmark for supply-side reform、Typical examples of high-quality development and two-wheel drive。

“Star Chain Project”Bring end-to-end business model changes to the domestic semi-trailer business of CIMC vehicles，It uses the method of centralized procurement.（LTS），Realize from full-category production to specialization“Lighthouse”Factory production（LTP），From Passive Inventory to Active Inventory Management（LTL），From the way of ordering production to being close to customers.、Drive sales with modular product（LoM），From point sales to hierarchical management to achieve precise sales（Sales channels）。
At present，“Star Chain Project”Completed planning and build phases，Enter the implementation stage in an all-round way。Coverage will continue to expand in the future.，Enhance the same frequency resonance of domestic and foreign markets，Bring about an incremental leap。

Speed up the forging of new quality productivity，Crossing the third venture“The sea of stars”

The last 20 years，CIMC vehicles from China to the world，Experiencing the hard work of the Chinese market、Turning the tide in the North American market、Difficult transformation of the European market，To accomplish the feat of the first and second venture.。CIMC started its third venture in 2023.，Promote the steady development of each business or group。

Into 2024，CIMC vehicles will firmly push forward“Star Chain Project”，Promote“Three good developments”As the first priority，Insist on the third venture“Fast iteration、Never redundant，Firmly optimize assets and organization”The concept of development，Deepening organizational development and reform，Build“Steadiness”Organization，Continue to promote the commercialization process of the new energy source integrated train。

Star Chain Lighthouse Pioneer Group will continue to promote the Star Chain Program.，Carry out product modularization design，Launch of Car of the Year and Select Car of the Year，Helping China's semi-trailer business to achieve breakthrough growth。Qiangguan Business Group will actively develop new energy source integrated train，Advance“Strong crown growth plan”，As well as the strong crown liquid tank andLAGBusiness integration of liquid tank。North American business will continue to promote the transformation and upgrading of governance structure.，And，Advance “Shared narrowband evolution”Project，Increase development resilience。European business will be improvedLoMManufacturing plant layout，Explore new products and busin，Embrace the new development pattern。The muck truck and heavy truck business will continue to upgrade its organizational structure.，Improve the cost performance of products，Grasp the opportunity of new energy development。

Although the road is far away, it is coming.，Hard as it is, it will be done.！Future，CIMC vehicles will always be based on the new stage of development.，Implement the new development concept，Firmly implement the Star Chain Plan，Keep pushing“Transoceanic operations，Locally manufactured”，Construct a new development pattern，Speed up the forging of new quality productivity，Crossing the Sea of Stars for the Third Venture。