Sales of medium-sized passengers and medium- and heavy-duty trucks led Foton Motor’s July growth


Due to the low base figure in the same period of 2008, Foton Motor’s sales in July increased by 62.65% year-on-year, including sales of Dazhongko and medium and heavy trucks recovered strongly. In addition, the company’s light truck sales remained at a relatively high level, and the full recovery of all varieties will promote the second half of the year. The profit continued to rebound.

Foton Motors released the sales report on August 12. In July 2009, the company sold 49,309 vehicles in total. From January to July, it sold 336,004 vehicles, a year-on-year increase of 19.70%. In terms of sub-products, sales of medium- and heavy-duty trucks, light trucks, light passengers, large and medium passengers (including chassis), and other (SUV, Mongolian Parker, and Didi) were 8,832, 37,059, 1,868,367, and 1,183 units in July, respectively, from January to July. Cumulative sales were 40,770, 275,237, 12,179, 1,522 and 6,296 units respectively, representing a year-on-year growth rate of -5.00%, 22.40%, 36.20%, 5.30% and 140.30%.

Heavy trucks and large and medium-sized customers rebounded more. Due to the lower base figure in the same period of 2008, Foton Motor's total sales in July increased by 62.65% year-on-year. Among all varieties, the year-on-year growth of sales volume of medium- and heavy-duty trucks, light trucks, light passengers, Dazhong passengers and passenger vehicles was 95.02%, 53.06%, 87.13%, 118.79% and 228.91% year-on-year respectively. It is worth noting that the company’s medium- and heavy-duty trucks and large and medium-sized passengers still achieved sales growth of 3.89% and 16.88% in the context of a 3.38% decline in total sales in June, in particular, the cumulative sales of Dazhongko from January to July. The year-on-year growth has been positive and the rebound has been stronger than expected. In addition, although the company's light truck products fell by 5.92%, it remained at a high level of 37,000 units in a single month.

With the promotion of policies, sales of light trucks will remain high. After the country has successively introduced such policies as “automobile going to the countryside” and “replacement of old ones”, the sales in the light truck industry have finally reversed the downturn at the beginning of the year, and overall sales have maintained its strength for several months. In addition, the government also introduced a policy of subsidizing direct purchase of light trucks by farmers, reducing the number of scrapped old vehicles, expanding the scope of subsidies and subsidies, and advancing the publicity. The boost to the light truck market will continue until the end of 2009. Due to the lower base in the second half of 2008, the year-on-year growth of the young card sales volume of Foton Motor in the second half of 2009 is expected to continue to increase, reaching 30% in the whole year.

In the second half of 2009, earnings will continue to rise. In terms of performance, even though most models are covered, medium and heavy trucks and light trucks are still the main source of profit for Foton Motor. In the heavy truck business, with the slow recovery of the macro economy and the intensification of infrastructure investment, the company’s heavy truck sales are picking up. However, in August 2009, Foton will establish a medium-duty truck joint venture with Daimler based on the Auman business. Investment income for the first half of the year is uncertain. It is expected that the profit contribution from the medium- and heavy-duty truck business will continue to decline slightly year-on-year. For light trucks, the annual revenue growth rate is expected to reach 30%, so the revenue and gross profit of the Foton light truck business in 2009 The percentage will increase significantly. According to the data of the 2008 annual report, the company's revenue in medium and heavy trucks and light trucks accounted for 53.85% and 39.61%, respectively, and gross profit accounted for 53.09% and 36.61%, respectively.

The new energy bus business is expected to bring surprises. The new energy bus business has brought more market attention to Foton Motor. As the country’s first new energy vehicle base settled in Foton Motor, and received the largest order for new energy vehicles to date, the company’s bus business is expected to achieve a considerable margin in 2009. growth of. At present, the company's new energy vehicles have received 800 orders from the Beijing Public Transport Group, 20 from the Jinan City Government, and 75 orders from Taiwan Chengyun, for a total of 895 orders. Despite being subject to

The outsourcing of key components (batteries, control systems, motors, and engines), the gross profit margin of new energy passenger car products is not much different from traditional passenger car sales, but the increasingly large scale provides space for the company to reduce costs, and it will also continue to To promote the valuation of the company's new energy bus business in the securities market. In addition, the company announced on May 18 that it had signed a 750 [review picture forum] Taiwan Euro V bus (chassis KD) with the Indian company. Overall, the company’s large and mid-sized passenger business was driven by new energy products and achieved full-year growth. Will get much higher than the industry average.

According to the quarterly report, the company achieved total operating income of RMB 7.636 billion in the first three months of 2009, a decrease of 5.06% year-on-year, and net profit of RMB 186 million, a year-on-year increase of 11.14%, corresponding to an earnings per share of RMB 0.2.


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