000800 FAW Jiefang Group
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FAW Jiefang Group News
FAW Jiefang (000800.SZ): cumulative sales volume for the full year of 2023 was 242,000 vehicles, an increase of 42% year-on-year
Gelonghui, April 24 | FAW Jiefang (000800.SZ) said on the investor interactive platform that the company's cumulative sales volume for the full year of 2023 was 242,000 vehicles, an increase of 42% over the previous year. Among them, sales of medium and heavy trucks were about 205,000 units, an increase of 46% over the previous year. The company maintains a leading position in the domestic heavy truck market. In the future, it will continue to be customer-centered. On the basis of consolidating the dominant market, the empty market and the shortfall market will be used as an incremental source to gain more growth and share in the global market segment. At the same time, in overseas markets, the company accelerates expansion, leverages the advantages of the system based on actual use, and collaborates through the system
Dongwu Securities: Heavy gas truck penetration rate increased in March, optimistic about natural gas transformation
The Zhitong Finance App learned that Dongwu Securities released a research report saying that the high increase in gas heavy truck+ exports is both improving, and the trade-in policy is further stimulating, and the heavy truck sector is expected to continue to improve in the 24-25 years. 1) The combination of factors such as continued widening oil and gas price differential+falling freight rates+gradual diversification of gas vehicle product types drove a rapid increase in gas vehicle cost performance and customer acceptance; at the same time, domestic natural gas supply is abundant, local gas station construction accelerates, supply/demand/policy is catalyzed in multiple dimensions, and the penetration rate of heavy gas trucks is expected to increase rapidly from 2024 to 2025; 2) Heavy truck exports showed strong resilience, and breakthroughs in steady sales growth, CIS
Chinese Commercial Vehicle Sales Rise 10% in Q1
Chinese commercial vehicle sales jumped 10% to more than 1 million in the first quarter, Xinhua News Agency reported Sunday, citing the China Association of Automobile Manufacturers.
Dongwu Securities: Heavy gas truck penetration rate increased in March, optimistic about natural gas transformation in the future
The Zhitong Finance App learned that Dongwu Securities released a research report saying that the combination of factors such as continued widening oil and gas price differential+lower freight rates+gradual diversification of gas vehicle product types drove a rapid increase in gas vehicle cost performance and customer acceptance; at the same time, domestic natural gas supply is abundant, gas station construction is accelerated in various regions, and supply/demand/policy is catalyzed in multiple dimensions, and the penetration rate of heavy gas trucks is expected to increase from 2024 to 2025. Heavy truck exports have shown strong resilience, sales have broken through steady growth, and the CIS, Middle East/Africa/Southeast Asia, etc., the cost performance advantages of independent heavy trucks are prominent, and the overseas market share continues to rise. Additionally, the value of the trade-in policy
FAW Group Ties Up With ECARX to Develop Smart Cockpits
FAW Group (SHE:000800) partnered with ECARX Holdings to develop smart cockpits for the Chinese automobile maker's Hongqi-branded vehicles, the US-listed auto technology supplier said in its April 18 f
Earnings Tell The Story For FAW Jiefang Group Co.,Ltd (SZSE:000800)
When close to half the companies in China have price-to-earnings ratios (or "P/E's") below 29x, you may consider FAW Jiefang Group Co.,Ltd (SZSE:000800) as a stock to avoid entirely with its 55.5x P/E
Sales of Chinese Passenger Vehicle Brands Jump 26% in Q1
Sales of Chinese passenger vehicles jumped 26.4% to 3.4 million in the first quarter, Xinhua News Agency reported Sunday, citing the China Association of Automobile Manufacturers.
Heavy truck sales increased slightly by 116,000 units in March, and Sinotruk (03808) broke 30,000
In March 2024, China's truck market (including chassis and tractors) sold a total of 4051 thousand vehicles, a sharp increase of 88% over February this year, and a year-on-year increase of 4%.
FAW Jiefang (000800.SZ): cumulative sales volume of 78,463 vehicles in January-March increased by 34.22% year-on-year
Gelonghui, April 9 | FAW Jiefang (000800.SZ) announced the March 2024 production and sales report. The total sales volume this month was 34,654 vehicles, with a cumulative total of 78,463 vehicles this year, an increase of 34.22% over the previous year.
FAW Jiefang (000800.SZ): Net profit increased by 107.66% to 763 million yuan in 2023, plans to pay 10.1.5 yuan
Gelonghui, March 29 | FAW Jiefang (000800.SZ) announced its 2023 annual report. In 2023, the company achieved operating income of 63.905 billion yuan, an increase of 66.71%; net profit attributable to shareholders of listed companies of 763 million yuan, an increase of 107.66%; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss - RMB 83.358 million; basic income per share was 0.1651 yuan; it plans to distribute a cash dividend of 1.5 yuan (tax included) to all shareholders for every 10 shares.
FAW Group's January-February Sales Rise 18%
FAW Group's sales rose 17.7% year over year to 448,000 units in the two months through February, the carmaker said on its Weibo account Friday. Sales of its Hongqi car brand jumped 37.56% to 65,300 un
Is FAW Jiefang GroupLtd (SZSE:000800) Using Too Much Debt?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of permanent loss is the risk I worry about... and every practical investor I know wor
Dongwu Securities: Heavy truck wholesale in January exceeded expectations by +98.8% year-on-year, and is firmly optimistic about the 2024-25 upward cycle
With the triple support of heavy gas trucks+bid switching+economic recovery, the heavy truck sector is expected to start a new upward cycle in 24-25.
Chinese Automobile Exports Rise 47% in January
Automobile exports from China rose 47.4% year over year to 443,000 vehicles in January, Xinhua News Agency reported Tuesday, citing the China Association of Automobile Manufacturers.
Profit at China's Automobile Manufacturing Sector Rises 6% in 2023
The Chinese automobile manufacturing sector's profits grew 5.9% to 508.63 billion yuan in 2023, Xinhua News Agency reported Tuesday, citing the China Association of Automobile Manufacturers. Aggregate
China's Retail Sales of Passenger Cars Jump 57% in January, Exports Surge 51%
Retail sales of passenger cars in China rose 57.4% year over year in January to 2.04 million units, according to data from the China Passenger Car Association on Thursday. Exports, meanwhile, surged 5
FAW's Sales Jump 54% in January
FAW Group recorded a 54.2% year-over-year increase in auto sales in January to 296,800 units, according to a Weibo post on Monday. The growth was driven by an 82.9% jump in sales of FAW's Hongqi brand
FAW Jiefang (000800.SZ): Car sales increased 210.88% year-on-year in January
FAW Jiefang (000800.SZ) released the January production and sales report. The sales volume for the month was 31,262 vehicles, compared to the same period...
FAW Jiefang (000800.SZ): Currently, the company's overseas markets are mainly trade exporters
Gelonghui Feb. 4 丨 FAW Jiefang (000800.SZ) was surveyed by investors on February 1, 2024, on “The company's overseas export situation and future plans?” The company replied that the company achieved high growth in overseas export sales in 2023. Currently, the company's overseas markets are mainly trade export countries. In the future, the company will further expand its market share by expanding its network layout, strengthen after-sales service, and provide more competitive products. For key regions, it will also consider boosting overseas exports by investing in KD factories, etc.
FAW Jiefang (000800.SZ): The overall market forecast for 2024 will be better than in 2023, and demand in the heavy truck industry will continue to grow
Gelonghui Feb. 4 丨 FAW Jiefang (000800.SZ) was surveyed by investors on February 1, 2024, on “What are the company's industry expectations for 2024?” The company replied that the overall market forecast for 2024 will be better than in 2023, demand in the heavy duty truck industry will continue to grow, and the overall commercial vehicle market will continue its upward trend. Among them, exports are expected to remain high, and sales of heavy natural gas trucks are expected to continue to grow. The company's market share in the heavy natural gas truck market is high, and the continued boom in the natural gas heavy truck market will help increase the company's sales volume.
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