JAC to Achieve Operation Revenues 3.31 Billion Yuan in 2011
21 March 2011
www.chinabuses.org: JAC sales revenues amounted to 29.7 billion Yuan last year, up 47.84%, and their profits were 1.16 Yuan, up 246.35%, according to their sales report released on March 17th.
As many as 442,500 JAC vehicles and chassis were sold out in 2010, up 42.47%. Sales revenues for complete vehicles increased by 49.45%, sales of chassis increased by 7.86%, and that of parts were 93.79%.
Sales notes increased by 509.51% in end of 2010 over early of 2010, mainly sales growth.
Operation revenues increased by 95.27%, mainly R&D fees, salaries and equipments. Financial costs decreased by 672.22%, mainly funds balance, interest income.
They predicts that sales this year will be much influenced by cancle of promotion on purchase tax, countryside vehicle purchasing and old for new vehicle services. JAC will focus on second and medium cities and international markets.
Source : www.chinabuses.org
Editor : Eric
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