BAIC MOTOR CORPORATION LIMITED
Focusing on cooperation, innovation and industrial chain improvement, BAIC MOTOR remain promising in 2016
Focusing on cooperation, innovation and industrial chain improvement, BAIC MOTOR remain promising in 2016 Reviewing 2015, China’s economy entered into “new normal” gradually. The changes of economic structure and growth motivity expanded the space of economic growth, and laid a solid foundation for the development of the “13th Five-Year Plan”. Against the current economic environment, China’s automobile industry is also tested.. In 2015, 21.1 million automobiles were sold in China’s passenger automobile market sold, representing a year-on-year increase of 7.3%, but decline of 2.6% compared to the corresponding period of 2014. Faced with volatility of the industry and increasingly fierce market competition, BAIC Motor Corporation Limited (BAIC MOTOR), stock code: 1958.HK)still showed an upward trend under the pressure, achieved selling totally 1,650.1 thousand traditional and new energy automobiles under the brands of Beijing, Benjing Benz and Beijing Hyundai, which representing a year-on-year increase of 4.8%. Counting on the opportunities from “new normal” economic situation and continuous business development, BAIC MOTOR achieved splendid performance in 2015, achieved a revenue of RMB 84,111.5 million and a gross profit of RMB 15,276.8 million. Relying on win-win cooperation, BAIC MOTOR explore businesses in multiple segments Depending on strategic collaboration, BAIC MOTOR to develop a more competitive layout Looking forward, the strategies of the “One Belt One Road”, “Internet +” and “Made in China 2025” will lead to a brand-new pattern to China market and the global market. To BAIC MOTOR, 2016 will be a year full of opportunities and innovations. BAIC MOTOR has achieved prominent performance in terms of self-brand and new energy automobiles. While Mercedes-Benz is approaching the No.1 luxury automobile brand at an amazing speed, the acquisition of Fujian Benz will become another inflection point of performance, together with the potential profitability of high-end commercial automobiles, the futhre result of BAIC MOTOR will be strongly improved and the investment prospects will be promising. BAIC MOTOR will take “Plan π”, the five-year strategy as its development direction, steadily promoting the development of its 3 major brands, continue playing the role of joint investment and cooperation in enhancing technology and management capacities, centering on international layout, unique business model and advanced technology products, exploring and innovating so as to achieve a new high in enterprise development. End of Press Release +++++ Document: http://n.eqs.com/c/fncls.ssp?u=NJNQBLSRUT Document title: Focusing on cooperation, innovation and industrial chain improvement, BAIC MOTOR remain promising in 2016 Key word(s): Miscellaneous
01/04/2016 Dissemination of a Press Release, transmitted by EQS TodayIR – a company of EQS Group AG. |