Jiwei Network News (Wen/Chen Wei) On March 30, FAW Jiefang released its 2021 annual report, saying that the company achieved operating income of 98.75 billion yuan, down 13.13% year-on-year; net profit attributable to shareholders of listed companies of 3.9 billion yuan, up 45.97% year-on-year; net profit after deducting non-recurring gains and losses of 3.581 billion yuan, up 121.51% year-on-year; basic earnings per share of 0.8412 yuan, and it is planned to pay a cash dividend of 6.5 yuan (including tax) per 10 shares.
The report shows that as a commercial vehicle manufacturing enterprise, FAW Jiefang's operating performance mainly depends on the growth of industry demand, the competitiveness of the company's products and its own cost control capabilities. FAW Jiefang products are mainly used in various market segments such as traction, cargo loading, dumping, special use, road passenger transportation, and bus passenger transportation, and at the same time provide standardized and customized commercial vehicle products.
FAW Jiefang said that 2021 is the opening year of the "14th Five-Year Plan" and the first battle year of the National VI Circuit, which is of special timing and great significance. Faced with the challenge of the cliff-like decline in the commercial vehicle market in the second half of the year, FAW Jiefang made precise judgments and fully seized the market opportunity, achieving sales of 373,400 medium and heavy trucks throughout the year, with a market share of 23.7%, an increase of 1.5 percentage points year-on-year. As the core business of FAW Jiefang, the sales volume of medium and heavy trucks has been "five consecutive champions" in the world, the sales of heavy trucks in the world "six consecutive championships", and the sales of tractors have been absolutely leading the industry for 16 consecutive years.
It is reported that FAW Jiefang in the construction of Guanghan new base project, plans to relocate and upgrade the Chengdu plant to upgrade and expand capacity, improve the level of manufacturing technology, to meet the rapid growth of the western market demand, the project is planned to be put into production in 2022, with a production capacity of 40,000 vehicles / year; under construction in Qingdao new energy light truck base project, the project plans to put into production in 2022, with a production capacity of 100,000 vehicles / year, to meet the company's rapid growth of light vehicle business needs; the southern new energy base project under construction focuses on creating a new energy production base featuring hydrogen energy industry cluster. Support the rapid development of the company's new energy business, with a production capacity of 10,000 vehicles per year. The commercial vehicle market is expected to stabilize at about 4.3 million units per year during the 14th Five-Year Plan period, of which the medium- and heavy-duty truck market is expected to fluctuate around 1.2 million units per year.
(Proofreading/Andy)