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Dongfeng Motor Swings to Loss on JV Weakness
Dongfeng Motor Group swung to a loss in 2023 as higher expenses and a steep drop in sales from joint ventures with Nissan and Honda offset higher revenue.
Dongfeng Group Co., Ltd. (00489.HK) announced annual results, revenue growth of about 7.2%, and the overall sales target for 2024 is 2.7 million units
Gelonghui, March 28 | Dongfeng Group Co., Ltd. (00489.HK) announced that the Group's revenue in 2023 was approximately RMB 99.315 billion, an increase of approximately RMB 6.652 billion, or about 7.2%, compared with approximately RMB 92,663 billion in the same period last year. The total gross profit for the current period was 9.466 billion yuan, an increase of 639 million yuan over 8.827 billion yuan in the same period last year, an increase of 7.2%. The gross margin for the current period was 9.5%, which is basically the same as the same period. By the end of 2023, the Group had sufficient cash reserves, amounting to over 100 billion yuan. In 2023, the Group will continue to optimize its asset structure and operating efficiency. This period
Dongfeng Motor 2023 Gross Profit Margin at 9.5% >0489.HK
Dongfeng Motor 2023 Gross Profit Margin at 9.5% >0489.HK
Dongfeng Motor Sets 2024 Sales Target at 2.7M Units, Up 29% on Year >0489.HK
Dongfeng Motor Sets 2024 Sales Target at 2.7M Units, Up 29% on Year >0489.HK
Dongfeng Motor Doesn't Recommend Payment of Dividend in 2023 >0489.HK
Dongfeng Motor Doesn't Recommend Payment of Dividend in 2023 >0489.HK
Dongfeng Motor 2023 Rev CNY99.32B Vs. CNY92.66B >0489.HK
Dongfeng Motor 2023 Rev CNY99.32B Vs. CNY92.66B >0489.HK
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