On January 30, 2024, Anhui Jianghuai Automobile Group Co., Ltd. (hereinafter referred to as "JAC") released the "Anhui Jianghuai Automobile Group Co., Ltd. 2023 Annual Results Forecast" (hereinafter referred to as the "Announcement"). According to the announcement, according to the preliminary calculation of the financial department, it is expected that the net profit attributable to the owners of the parent company in 2023 will be about 136 million yuan.
Note: JAC National Technical Center
Regarding the main reasons for the growth of performance, JAC said, "In 2023, the company will seize the opportunities of the international market, continue to strengthen technological innovation, actively carry out cost reduction and efficiency improvement, and achieve an increase of 18.4% in sales scale and a 3 percentage point increase in gross profit margin of its main business." ”
According to the previously released production and sales report, in 2023, JAC's annual sales will be 592,500 units, a year-on-year increase of 18.40%. Total exports totaled 169,600 units, reflecting a 47.99% y/y increase.
With intelligence as the core, we will consolidate the cornerstone of high-quality development
At present, we are in an important period of transformation of the automobile industry, and intelligence and electrification have played the strongest voice in the new era. In 2023, China's new energy vehicles will maintain rapid growth. The market share of new energy vehicles reached 31.6%. With the continuous increase of the potential energy of the new energy market, the deepening of technology and the continuous improvement of consumer acceptance, new energy intelligent networked vehicles have also ushered in greater development.
How to accelerate the expansion of new energy and intelligent networked vehicle business and win the initiative is not only a "must-answer question" for every car company, but also a "knockout game" that determines the future and fate of car companies.
Note: "Leading Intelligence with Intelligence" JAC Motors' new brand strategy press conference
In April 2023, JAC Motors released a new brand strategy, established the brand values of "leading intelligence with intelligence", and built a development path of an open and cooperative intelligent vehicle ecosystem of "core self-development" + "key and common technologies", officially entering a new era of "no intelligence, no car".
Note: The new Guochao intelligent electric hybrid MPV - Refine RF8
In the field of passenger cars, JAC Motors actively promoted the implementation of intelligent new energy technologies and products, and built a new platform, with sales increasing by 18.2% year-on-year in 2023. The first product of the hybrid series, the JAC QX PHEV, was officially launched, and the RF8, the first product of the first MPV-specific architecture in China, will be officially launched at the 2023 Guangzhou Auto Show. In the field of pure electric passenger vehicles, JAC Motors released the new Yttrium brand to realize the independent operation of mixed reform, and released a new pure electric platform - DI platform and the first model Yttrium 3, which promoted the steady growth of annual sales.
In the field of commercial vehicles, JAC continued to accelerate the transformation of new energy, achieving positive year-on-year growth in overall sales and positive growth in all categories of commercial vehicles. Its JAC 1 card adheres to technology leadership, builds the "Starlink No. 1" technology station, deepens the application of new technologies such as intelligence, networking, and electrification, and drives product updates, with a cumulative annual sales of more than 100,000 vehicles, ranking second in the industry. Among them, JAC Kangling's annual sales exceeded 20,000 units, a year-on-year increase of 35.78%, and JAC's annual sales increased by 35.9% year-on-year.
Note: The new Humtu passenger version
The pickup truck business strengthened the domestic and international linkage layout, with cumulative sales of more than 50,000 units, ranking second in the industry. The heavy-duty vehicle business sold a total of 19,000 units, a year-on-year increase of 35.4%, and obtained the qualification for the production of hydrogen-fueled heavy-duty trucks.
Seize global opportunities and build a new pattern of high-quality development
Competition in the domestic auto market has intensified, and auto exports may have become the second growth curve for car companies. Relying on its first-mover advantage in the field of new energy vehicles, China's auto exports will continue to grow strongly in 2023, surpassing Japan for the first time and becoming the world's largest auto exporter.
As the vanguard of the export of independent automobile brands, in 2023, JAC Motors will adhere to the simultaneous development of business and passenger vehicles, as well as the equal emphasis on oil and electricity, and give full play to the pedigree advantages of all categories, with a total export of 169,600 units throughout the year, a year-on-year increase of 47.99%, achieving both growth in scale and efficiency.
It is reported that by the end of 2023, JAC has more than 40 Fortune 500 customers of pure electric vehicles.
Note: On March 6, 2023, 1,000 high-end pickup trucks of JAC were exported to Europe
Among the countries co-built by the "Belt and Road", in the Kazakhstan market, JAC Motors ranks first among China's commercial vehicle brands and second in passenger cars, and in the Vietnamese market, JAC ranks first among China's light truck brands, and its Uzbekistan subsidiary has been put into operation and sold nearly 4,000 units throughout the year.
Since 1990, JAC has covered nearly 1.4 million vehicles in 132 countries and regions on five continents, realizing a comprehensive upgrade from scratch, from simple trade in a single market to the output of the whole industrial chain such as technology, capital and management, injecting new momentum into the export of Chinese brand cars going overseas.
Looking forward to 2024, the new pattern that will emerge from 2023 will continue to evolve. JAC will adhere to the strategic path of "independent development + open cooperation", conform to the development trend of 'electrification, intelligence, networking and ecology' of the automobile industry, strengthen and expand commercial vehicles, open and cooperative development of passenger vehicles, vigorously develop internationalization undertakings, and achieve higher-quality development.