Jiangling Motors: Steady growth in income and stable policy


According to the 2007 annual report, the company achieved operating revenue of 8.456 billion yuan for the year, an increase of 10.46% year-on-year; net profit attributable to parent company was 759 million yuan, a year-on-year increase of 20.71% (vs. adjusted earnings for 2006); 07 EPS was 0.88 yuan. The distribution plan for the company is: RMB 3 (taxes included) for every 10 shares.

Steady sales growth boosted the company’s operating revenue growth. In 2007, the company sold a total of 95,059 vehicles, an increase of approximately 12% compared with 2006. Among them, 38,952 JMC light trucks, 23,982 pickups, 4,819 Powey SUVs, 26,585 Ford Transit commercial vehicles and 921 vans. In terms of growth rate, Transit sales volume increased by 16% year-on-year, light trucks increased by 18% year-on-year, and Powerway increased by 36% year-on-year. However, in the fierce market competition, the company has stepped up promotional efforts. In the first quarter of 2007, it reduced the prices of Baowei SUV models, pickup trucks, transportation tyrants, and Transit logistics vehicles. The entire vehicle price reduction partially offset the increase in sales volume. The increase in income.

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