According to electric news, Changan Automobile disclosed its annual report on the evening of April 17, the company's operating income in 2023 will be 151.298 billion yuan, a year-on-year increase of 24.78%, a net profit of 11.327 billion yuan, a year-on-year increase of 45.25%, and the gross profit margin of automotive products will be 18.36%, a year-on-year decrease of 2.13 percentage points. Basic earnings per share was 1.15 yuan. The company intends to distribute a dividend of 3.43 yuan (tax included) for every 10 shares. According to the announcement, the growth of the company's performance is mainly due to the increase in the company's sales scale and the improvement of operating quality.
In terms of sales volume, Changan Automobile sold 2.553 million units in 2023, up 8.8% year-on-year, with excellent sales of new energy and exports, including 474,000 units of its own brand new energy vehicles, up 74.8% year-on-year, and 358,000 units exported, up 43.9% year-on-year.
The annual report also disclosed the remuneration of senior executives, with the highest salaries being Chairman Zhu Huarong and President Wang Jun, both of which were 2.63 million yuan, an increase of 120,000 yuan to 140,000 yuan. There are 7 senior executives with a salary of more than 2 million yuan, and 7 executives with a salary of more than 1 million yuan, and the secretary of the board of directors, Li Jun, has a salary of about 980,000 yuan. Vice President Klaus Zyciora about 940,000 yuan. Independent directors are about 150,000 yuan. Vice Presidents Wang Xiaofei and Wang Hui, and Executive Vice President Zhang Xiaoyu increased their salaries by about 1.5 million yuan last year. Executive Vice Presidents Yang Dayong and Peng Tao's salaries increased by about 950,000 yuan.
For corporate executives, in addition to salary, equity income is also an important source of income. According to the financial report, Chairman Zhu Huarong holds more than 500,000 shares, Wang Jun and other 8 executives hold about 350,000 to 360,000 shares, and 7 executives hold between 170,000 and 250,000 shares. According to the latest stock price of Changan Automobile of 17.13 yuan, Zhu Huarong's shareholding value exceeds 8.5 million yuan, with a dividend of 0.343 yuan per share, and a dividend income of more than 170,000 yuan. As of the end of 2023, Changan Automobile has a total of about 49,000 employees, with an average profit of 193,500 yuan and an average salary of 233,400 yuan last year, an increase of about 12,000 yuan over 2022
The annual report also discloses the financial status of the two new energy brands, Deep Blue Automobile and AVATAR. Among them, Deep Blue Automobile will achieve revenue of 25.883 billion yuan in 2023, a year-on-year increase of 65.1%, and a net loss of 2.999 billion yuan, narrowing from the loss of 3.19 billion yuan in the previous period. AVATAR's revenue in 2023 will be 5.643 billion yuan, with a net loss of 3.693 billion yuan, compared with a loss of 2.015 billion yuan in the same period last year.
Changan Automobile emphasized that the company adheres to the dual promotion of new energy and fuel vehicles. In 2023, the penetration rate of new energy passenger vehicles in mainland China will reach 35.7%, and fuel vehicles will still occupy an important market share of 64.3%. Based on this, the company will adhere to the business strategy of "coexisting and advancing at both ends" between new energy vehicles and traditional fuel vehicles. At the same time, Changan Automobile introduced that the company adopts the business model of "paying equal attention to independent and joint ventures", and conducts physical operation of its independent automobile brand businesses such as Changan Gravity, Changan Qiyuan, Shenlan Automobile, and Changan Kaicheng, and firmly builds its own classic brands, and controls the investment of joint ventures such as Changan Ford and Changan Mazda, and continues to deepen mutual trust and cooperation with partners.