BAIC MOTOR CORPORATION LIMITED
BAIC Motor achieved remarkable economic results & has broad prospects in new energy vehicles segment
BAIC Motor achieved remarkable economic results China’s passenger vehicle market witnessed a fluctuating year in 2015. It sustained a continuous plunge in the first two quarters impacted by such multiple exterior economic factors as national economic slowdown and stock-market turbulence; but recovered gradually and maintained a strong rebound momentum driven by favorable policies in the third quarter. China Association of Automobile Manufacturers’ statistics showed that the passenger vehicle sales volume amounted to 21.1 million in 2015, reaching a new high, also representing a year-on-year growth of 7.3% but down 2.6% compared with same period in 2014. BAIC Motor Corporation Ltd. (“BAIC Motor”; Stock code: 1958.HK) recently released its annual results of 2015: Its total revenue increased from RMB56,370.3 million in 2014 to RMB84,111.5 million in 2015; its total gross reached RMB15,276.8 million, marking a year-on-year growth of 70.1%. BAIC Motor responds to government’s call to grasp new energy market opportunity With structural adjustments and stable growth as the macroeconomic keynote in 2016, it is predicted that China’s vehicle market confronts both opportunities and challenges. With the passenger vehicle’s supply-side reform stimulating the rigid demand, growth potential of the regional markets is also expected to be released. At the same time, the growth trend in the SUV segment will also be maintained. Looking forward, BAIC Motor will grasp the industry opportunity arising from the 13th Five-Year Plan and promote its three major brands based upon the grand blueprint “π Plan” in 2020: Beijing Motor will improve its market structures in SUV and MPV segments and launch multiple all-new products; Beijing Benz’s future operating results will mainly depend on GLC and SUV, but the market performance of the all-new next generation E-Class Benz which will be launched in 2016 is promising; Beijing Hyundai will strive to attain its annual operational objectives by adjusting flexibly its promotion policies based upon the specific market conditions. End of Press Release +++++ Document: http://n.eqs.com/c/fncls.ssp?u=BXUKALJEGV Document title: BAIC Motor achieved remarkable economic results & has broad prospects in new energy vehicles segment Key word(s): Miscellaneous
01/04/2016 Dissemination of a Press Release, transmitted by EQS TodayIR – a company of EQS Group AG. |