FAW Jiefang's 2023 performance forecast is released: net profit is expected to increase by 117%!
On January 23rd, FAW Jiefang released its performance forecast: it is expected that the net profit attributable to shareholders of the listed company in 2023 will be 700 million to 800 million yuan, a year-on-year increase of 90.35% to 117.54%; Basic earnings per share range from 0.151 yuan to 0.1725 yuan.
The main reason for the performance change is that during the reporting period, benefiting from the recovery of demand in the commercial vehicle market, the company continued to improve its product strength, consolidate its advantageous markets externally, compete for overseas exports, and continue to promote lean management and cost reduction internally to enhance the overall profitability of the company. The net profit increased year-on-year during the reporting period.
The company belongs to the automotive industry. The main business of FAW Jiefang Group Co., Ltd. is the research and development, production, and sales of commercial vehicles. The production models cover heavy, medium, and light trucks, buses, as well as core components such as engines, transmissions, and axles. The company has a complete manufacturing system from raw materials to core components, from key assemblies to complete vehicles. The company's products are mainly used in various segmented markets such as traction, cargo transportation, self dumping, dedicated, highway passenger transportation, and bus passenger transportation, while providing standardized and customized commercial vehicle products. The company is committed to becoming the "first in China and world-class" provider of intelligent transportation solutions, focusing on product lines, adhering to innovation driven and change driven approaches, and creating a leading advantage.
Article source: Reprinted from Fangde.com