CIMC Vehicle's Net Profit in the First Half of 2024 Was 563 Million yuan, "Star Chain Plan" Achieved Remarkably, China's Semi-trailer Revenue Greatly Increased

CIMC Vehicle's Net Profit in the First Half of 2024 Was 563 Million yuan, "Star Chain Plan" Achieved Remarkably, China's Semi-trailer Revenue Greatly Increased

August 23, 2024

On the evening of August 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)Release of semi-annual report for 2024,The company overcame difficulties in the first half of the year、Breakthrough against the trend,Actively cultivate new quality productivity,Achieve industry-leading business performance。

First half of 2024,The global economy is complex and volatile.,The domestic and international environment is full of challenges.。CIMC Vehicle Achieves Revenue 107.100 billion yuan(Unit:RMB,Same as below);Gross profit margin of 14.91%;Net profit attributable to shareholders of the listed company 5.6.3 billion yuan;Realized net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses 5.5.1 billion yuan;The company sells a total of 6 vehicles worldwide.200,000/Table set。

At the same time,The company disclosed the interim profit distribution plan for 2024.:At 18.Based on 7.4 billion shares,It is proposed to distribute a cash dividend of 2 per 10 shares to all shareholders..80 yuan(Tax included)。

Against the trend,Net profit attributable to parent company of CIMC vehicles in the second quarter increased by 12.45%。Significant recovery of profits in the Chinese market,Increase in both sales volume and gross profit margin。“Star Chain Project”The results are remarkable,Star Chain Semitrailer Business Sales Soar 24.67%,Sales of semi-trailers in China also increased significantly.,Gross profit margin increased by 4% year-on-year.0 3 percentage point。Under the guidance of transoceanic business strategy,Increased resilience in overseas markets,North American container skeleton truckEAPAThe investigation passed smoothly,European Markets Hold Basics,The Australian market has sprung up,Breakthrough profit growth。

Steady development of each business or group,Star chain semi-trailer business continues to deepen“Star Chain Project”,Upgrade the production line in an all-round way,Iterative modular products,Seize market share,Sales increased by 24% against the trend.67%,Revenue increased significantly to 26..2.9 billion yuan。“Star Chain Project”Sales of the main flat panel and its derivatives in the Chinese market increased by more than 50% year on year%,Increase in market share。CIMC vehicles account for 14% of the semi-trailer market in China.12%,Stay number one;Qiangguan Business Group prepares to launch“Qiangguan Xiongqi Plan”,Promote the structural change of production organization,Stabilize the domestic business,Seize overseas markets,Innovative new energy products,Earn 25.0.8 billion yuan,Gross profit margin increased year on year,Maintain a leading position in the tank car market;North American Business Promotes Transformation and Upgrading of Governance Structure,Improve the level of trans-ocean operation,Control operational risks,Business stabilizes and improves,The income reached 36.8.4 billion yuan,Gross profit margin returns to normal level after high level;Continuous optimization of manufacturing processes in Europe and beyond,Upgrade the flexible production line,Exerting the advantages of global supply chain management,Maintain sound operation,Earn 15.1.4 billion yuan。SDCNumber one market share in the UK,LAGMaintain a leading position in the European tank car market;Efficient implementation of special vehicle loading business“The Midway Project”,Focus on cost reduction and efficiency enhancement,Reconstruct organizational development,Upgrading products and developing overseas markets,Significant improvement in the quality of operation,Sales increased by more than 50% year on year%,Revenue increased year on year,Market share of urban muck trucks in China rises to 16.65%。

It is worth mentioning that,Of CIMC vehicles“Star Chain Project”Since 2024, it has entered the stage of efficient implementation.,First break and then stand,Steady and steady execution,Through innovative design and technology、Structural change of enterprise organization、Optimize the allocation of enterprise resources,Construct New Quality Productivity of Semitrailer Industry,Greatly improve the efficiency of transoceanic operations,Fundamentally get rid of low-quality competition in the industry,Once again leading the semi-trailer industry into a new development pattern。

Look to the future,CIMC Vehicle will comprehensively accelerate the third venture,It's stable“Transoceanic operation,Locally manufactured”On the premise of the basic disk,Efficient implementation“Star Chain Project”,First break and then stand,Improve the process of transoceanic operation,Greatly improve the efficiency of transoceanic operations。

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