JAC Commercial Vehicle Sees Strong Profits in the Third Quarter
www.chinatrucks.com: JAC releases its Q3 sales report. The business revenue in the third quarter is 7.49 billion yuan, up by 11.3% year on year; the net profits attributable to shareholders is 225 million yuan, up by 152% year on year, 0.17 yuan per share, a slightly higher than Q2. The earnings per share after deducting non-recurring profit and loss is 160 million yuan, up by 104% year on year.
The growth rate in Q3 is down to 11% due to the off-season and improvement of MPV workshops. But the profitable capability remains high. The price per vehicle is rising in every quarter mainly due to high gross profits. Commercial vehicle is still the main source of profits. The profit and loss of SUV is balanced.
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