CIMC’s Operating Income Up by Over 20% in First Three Quarters of 2021

Date:2021-10-28 Author:Alice Source:chinaspv.com

October 28, 2021, Shenzhen, China, On the evening of October 26, CIMC Vehicles (301039.SZ/01839.HK) disclosed the 2021 third quarter report. It shows that in the first three quarters of 2021, the operating income of CIMC Vehicles has grown steadily to RMB 22.56 billion, a year-on-year increase of 20.0%; the net profit attributable to shareholders of listed companies is RMB 790 million.

CIMC Vehicles has sold a total of 163,300 units of semi-trailers, special-purpose vehicle tops and light-duty vans around the world, an increase of 21.0% year-on-year. In addition, as of the end of September 2021, the total assets of CIMC reached RMB 23.09 billion, an increase of 16.5% from the end of the previous year.

Currently, CIMC Vehicles has three main business segments, namely semi-trailer, special-purpose vehicle top-fitting and light-duty van body. In the first three quarters of 2021, the revenue of the three business segments in the Chinese market has grown steadily.

In the future, CIMC Vehicles will actively develop and promote new energy, intelligent, digital and lightweight green products, enhance the company's core competitiveness, and inject vitality into sustainable transportation development.

In the first three quarters of 2021, the revenue from the semi-trailer business in the North American market increased by 8.6% YOY. Business sales and revenue in the European semi-trailer market increased significantly by 40.9% and 36.4% year-on-year