Recently, Jiangling Motors announced its 2024 semi-annual report. In the first half of 2024, the company achieved a total operating income of 17.920 billion yuan, a year-on-year increase of 16.14%; net profit attributable to the parent company was 895 million yuan, a year-on-year increase of 22.77%; deducted non-net profit of 811 million yuan, a year-on-year increase of 94.19%; the net cash flow from operating activities was 733 million yuan, a year-on-year decrease of 55.75%; During the reporting period, Jiangling Motors' basic earnings per share was 1.04 yuan, and the weighted average return on equity was 8.29%.
According to the semi-annual report, the company's main business during the reporting period is the production and sales of commercial vehicles, SUVs and related parts. The main products include JMC brand light trucks, pickup trucks, light buses, Ford brand light buses, MPVs, pickup trucks and other commercial vehicles and SUV products. The company also manufactures engines, castings and other components. With high-quality development as the main line, the company focuses on value and lean operation, and is transforming from a scale expansion development model to a lean value growth model.
In terms of products, in the first half of 2024, the company's main business revenue will be 16.234 billion yuan, a year-on-year increase of 21.76%, accounting for 90.59% of operating income; parts revenue was 859 million yuan, a year-on-year decrease of 52.57%, accounting for 4.79% of operating income; The income of automobile maintenance services was 343 million yuan, a year-on-year increase of 462.82%, accounting for 1.91% of the operating income.