JAC Motors Reaches Net Profits of 1.2billion Yuan, up by 35% year-on-year

www.chinatrucks.com: JAC Group released its Annual Report on 21st March, 2017. In 2016, JAC sold all kinds of vehicles and chassis 643,300 units, up by 9.43% year-on-year, and realized revenue 52.491 billion Yuan, up by 13.16% year-on-year, and the net profits achieved 1.162 billion Yuan, up by 35.49% year-on-year.

Main business

 

JAC is a comprehensive auto manufacturer with commercial vehicle, passenger car and power assembly manufacturing, sales and service, and its products include SUV, MPV, sedan, IEV pure-electric vehicle, light-duty truck, heavy-duty truck and coach.

JAC light-duty truck business insists on deepening marketing innovation and structure optimization, product & brand improving continuously, market share continues to improve, and competitiveness has been strengthened remarkably; JAC heavy-duty truck adheres to the strategy of ‘strengthen lorry truck, enhanced tractor and developing engineering truck ’, transferring marketing mode and enhancing sales volume; JAC passenger car business should stick to making product finer and perfect and maintaining pure-electric vehicle quickly development. JAC international business promotes its products and market structure optimization and the exports ranking up to Top 5; spare parts and service business coordinately developing which powerfully support other business development.

In 2016, JAC sold all kinds of vehicle and chassis 64330 units, up by 9.43% year-on-year, and achieved the revenue 52.491 billion Yuan, up by 13.16% year-on-year, and the net profits achieved 1.162 billion Yuan, up by 35.49% year-on-year. During the period of report, JAC profit growth was better than revenue growth and maintained a good developing trend.

Business model

 

Facing with the fierce and complicated competition, JAC has always adhered to benefit as the center, deepening structure adjustment, promoting product upgrade and technology advancement, strengthening the cost and quality control to promote all kinds of business health development. In the process of sales and service, through distributor to provide completed vehicle and spare parts to customers; in overseas market, JAC has three business model including authorizing overseas distributors to sell our products, authorizing domestic foreign trade enterprise proxy exports and establishing overseas subsidiary corporations.