Guangqi Group: The net profit from the first quarter increased by 1896.65% year-on-year.

On the evening of April 29, Guangqi Group (601238) disclosed a quarter of the 2021 quarter. Announcement shows that during the reporting period, Guangqi Group’s operating income is 15.888 billion yuan, an increase of 47.60% year-on-year; net profit attributable to shareholders of listed companies is 2.366 billion yuan, an increase of 1896.65% year-on-year; returning to the shareholders of listed companies Net profit was 2.226 billion yuan, an increase of 0.72% year-on-year.

Although in the first quarter of this year, the import and demand of automotive chip affects the overall capacity of the industry, but the Guangzhou Automobile Group has timely coordinated the problem of chip supply and boosting the growth of production and sales. It is reported that in the first quarter of this year, Guangzhou Automobile Group has sold 496,500 vehicles, an increase of 62.2% year-on-year.

Among them, the company’s Guangzhou-Auto Honda is 181,900 units in 2013, which increased by 77.16% year-on-year; Guangzhou Automobile Toyota has a total sales of 20.01 million units, an increase of 63.21% year-on-year; Guangzhou Automobile Passenger car 1 – March accumulated sales 7.42 10,000, a year-on-year increase of 36.31%; Guangqi Yan January-March accumulated sales of 1.76 million units, an increase of 120.89% year-on-year.

The double growth of the joint venture sector and autonomous sector reflects the performance of the Guangzhou Automobile Group not only fully got rid of the haze brought about the epidemic, but also achieves a comprehensive year-on-year growth.

It is worth mentioning that in the first quarter of 2021, the investment income of Guangqi Group reached 3.442 billion yuan, the same period of 2020, in 2019, an increase of 263.02% and 34.05% respectively.

In April this year, Guangqi Group released multiple heavy messages to the market through the Technology Day, Shanghai Auto Show, and the sword refers to the field of electricization and intelligence. Especially at the Shanghai Auto Show, Guangqi Group also released the “Glass Green Clear Plan” focused on achieving “Carbon Peak, Carbon Middle and” Target.

It is reported that the Guangzhou Automobile Group has been in adhering to electricity, mixing, and fuel cells. It is planned to promote new energy transformation. It plans to achieve 20% of the new energy vehicle sales in 20025, and mixed. More than 20%; independent brands fully realize electrification, new energy vehicles account for more than 36%, strong mixing than 15%. For 2035 years, it strives to achieve electrification transformation, achieving 5 million automobile production and sales, including 50% of energy-saving vehicles and new energy vehicles.

This year, Guangqi Group also plans to put 10 hydrogen-fuel cell cars, and take the lead in the first “webmark car + FCV” demonstration operation in Guangdong, Hong Kong, Macau Dating.

In automatic driving, Guangzhou Automobile launched a new upgrade of pilot driving assistance system – NDA, supporting highway and ramp single lane cruise, automatic trip, automatic overtaking, automatic upper and lower ramps. In order to accelerate the promotion of intelligent network linkages, Guangzhou Automobile Group also actively expands the scientific and technological circles, including investment skyline development of artificial intelligence chips, upgraded to Tencent’s strategic cooperation, and China-based automatic driving vehicle, etc.. Among them, the automatic driving vehicle developed with Huawei is planned in 2024.

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