Fukuda's first-half net profit exceeded its full-year level last year

Foton Motor announced today the semi-annual report of 2010. Driven by China's automobile industry revitalization plan and various preferential policies, the company’s main product sales volume and gross profit increased. In the first half of the year, the company achieved a net profit of RMB 1.147 billion, an increase of 153% over the same period of the previous year, exceeding the full year last year. 10.37 billion yuan level.

Futian Ou Mako

In the first half of the year, the company achieved sales revenue of 30.2 billion yuan, a year-on-year increase of 54%, and earnings per share of 1.252 yuan.

During the reporting period, the company’s vehicle sales have completed 62% of the 600,000 guaranteed plans for 2010, sales revenue has been completed to ensure 73% of the plans for 41.5 billion yuan, while total profits ensured plans of 1.01 billion yuan, and profit in the first half of the year has reached 13.5. Billion, overfulfilled the task of the year.

Foton Motor stated that the sales volume of the company will increase in the next reporting period, and the cumulative net profit from the beginning of the year to the end of the next reporting period will increase by more than 50% from the same period of last year.

● Continue to maintain the top sales volume in the commercial vehicle industry

During the reporting period, the company sold 370,000 vehicles, a year-on-year increase of 29%, and continued to maintain the sales volume of the domestic commercial vehicle industry, with a market share of 15.8%.

Among them, the sales volume of light trucks (including micro-cards) was 290,000, an increase of 21% year-on-year, with a market share of 21%; sales of medium and heavy trucks were 59,000, an increase of 86% year-on-year, and the market share was 8%.

In addition, the number of light passenger vehicles sold was 12,551, which represented an increase of 22% over the same period of last year and a market share of 8.9%. Large and medium-sized passenger cars achieved sales of 2013, an increase of 74% over the same period of last year, and the market share reached 2.9%.

During the reporting period, the company exported 16,379 vehicles, an increase of 36% over the same period of last year.

● Exceeding the annual total profit task

In last year's annual report, the company disclosed its business plan for 2010: to ensure sales of 600,000 units; sales revenue of 41.5 billion yuan; total profit of 1.01 billion yuan. To achieve sales of 700,000 vehicles, sales revenue of 52.5 billion yuan, 1.34 billion yuan profit.

As of the end of the reporting period, the company’s vehicle sales have completed 62% of the 2010 guaranteed plan and strived for 53% of the plan; sales revenue has completed 73% of the 2010 guaranteed plan, and strived for 58% of the plan; total profit has been completed in 2010 to ensure 134% of the plan and strive for 101% of the plan.

Foton Motor expects that the market conditions in the next reporting period will be good and the sales volume of the company will increase. At the same time, the company will reduce the product cost through internal management, increase the overall gross profit rate and increase profitability. It is expected that the cumulative net profit at the end of the next reporting period from the beginning of the year Over the same period last year increased by more than 50%.

● Joint venture with Daimler to produce medium and heavy trucks

In July 2010, the company signed a "Joint Venture Contract" with Dalem, and the joint venture parties will jointly establish a joint venture company in Beijing to produce "Auman" brand heavy-duty trucks with domestic Mercedes-Benz engines. truck.

The total investment of the joint venture projects of the two sides is 6.35 billion yuan, and the registered capital is 5.6 billion yuan. The ratio of the two parties' investment is 50:50. Among them, Foton Motor will invest RMB 2.8 billion after the existing Auman business detachable assets have been assessed. Daimler will invest in equivalent cash and the joint venture period will be 50 years.

After the project is completed, the vehicle production capacity will reach 100,000 vehicles/year, and the OM457 engine will be 45,000 units/year.

In terms of new energy products, following the mass production of the European V new energy passenger car and the pure electric environmental sanitation vehicle, the company has completed the experimental verification of the Didi pure electric taxi, and is preparing to carry out products such as light trucks and heavy trucks. Feasibility analysis of hybrid system deployment.