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China National Machinery Automobile achieved revenue of 43.945 billion yuan in 2021, and net profit fell by 40.08% year-on-year

China National Machinery Automobile achieved revenue of 43.945 billion yuan in 2021, and net profit fell by 40.08% year-on-year

Jiwei Network News (Wen/Chen Wei) On April 12, China National Machinery Automobile released its 2021 annual report, saying that the company achieved operating income of 43.945 billion yuan, down 0.43% year-on-year; net profit attributable to shareholders of listed companies was 256 million yuan, down 40.08% year-on-year; net profit after deducting non-recurring gains and losses was 109 million yuan, down 76.13% year-on-year.

China National Machinery Automobile achieved revenue of 43.945 billion yuan in 2021, and net profit fell by 40.08% year-on-year

In terms of automobile wholesale sales and trade services, in 2021, Sinomach Automobile consolidated and deepened its existing business, strengthened strategic cooperation with automobile manufacturers, operated steadily in the automobile trade service business, and completed the renewal of key projects such as Aston Martin, Fick, imported Volkswagen, Ford, lincoln, etc., ensuring the continuity and stability of the company's core business, of which Aston Martin and Tesla's business volume growth was outstanding. With the cooperative relationship accumulated with auto manufacturers for many years and the core advantages of professionalism and efficiency, we extend the service chain, open up new business growth points for Jaguar Land Rover, Tesla, FCA and other partners, improve customer satisfaction and enhance customer stickiness. Take the initiative to seize the opportunity, rely on its own core competitiveness, win the bid for Mercedes-Benz (China), import Volkswagen and other new businesses, develop new brand cooperation such as Bentley, Lamborghini, Volvo, etc., and broaden cooperation with Iveco (China) in the field of commercial vehicles and RVs.

In terms of car rental business, Sinomach Automobile has made every effort to stabilize the stock and promote the increase, and the amount of new contracts and new customers have increased significantly. Deep ploughing long-term rental business, Gong

Solidly develop the "high-end customer long-term leasing" business model, vigorously expand business cooperation with central enterprises, and fully promote regional vehicle cooperation in North China, Northeast China, East China, Central South China, Northwest China and other regions of the PetroChina project. Focus on promoting the "manufacturer pass" model, using its own advantages, providing customized services, and cooperating with many brand car manufacturers.

In the auto retail business, Sinomach Automobile implemented business restructuring and reshaped its business management structure. Deeply adjust the brand strategy, concentrate resources to develop retail business with business linkage advantages, brand advantages, geographical advantages and management advantages, and improve the level of operation. Newly authorized by SAIC Audi, Shanghai Volkswagen, FAW Toyota and other advantageous brands, and a new Dongfeng Honda brand 4S store.

In addition, Sinomach Automobile deeply cultivated the high-end brand business, signed a new BMW Brilliance engineering design service framework contract and successfully won the bid for the general contracting project of the painting workshop of the whole production line, actively grasped the market opportunity of the rapid development of new energy vehicles, and achieved the first EPC model cooperation with the head car enterprises of new energy vehicles; strengthened the high-end casting EPC business, and signed the EPC project of ASIMCO Auto Parts Intelligent Manufacturing Park. The whole process engineering consulting business has developed rapidly, and it has undertaken the first whole process engineering consulting service project of the automotive industry - Chery Automobile Qingdao Project.

Sinomachine Automobile also signed the first phase of the EPC general contracting project for the expansion of Shaanxi Automobile Heavy Truck, with the highest annual single contract amount; newly signed the Guangqi Honda New Energy Vehicle Production Capacity Expansion Construction Project, which undertook the japanese car company's plant-wide engineering design project for the first time; newly signed the EPC project for the reconstruction and expansion of Shenyang Huayu Automotive Body Parts Plant, achieving a new breakthrough in the EPC business in the field of auto parts; after years of service accumulation, the new BYD multiple base equipment general contracting project was signed. The development of the welding business has accumulated and the business has entered the international market for the first time.

It is worth mentioning that The AGV products of Sinomachine Automobile Intelligent Equipment have continued to develop and iterate, successfully entered high-end brands and overseas markets such as Germany and the United States, and have been applied to many passenger car brands. The rail transit business achieves successful cooperation with the rail transit group. Continue to exert efforts in the business of three electrics, undertake a substantial increase in the three electric projects, and make breakthroughs in the field of lithium batteries and hydrogen fuel cell projects.

(Proofreading/Andy)

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