BAIC group, one of the top 30 Chinese auto industr

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BAIC group, one of the top 30 auto industry in China in 2018, was ranked fourth. On July 13, the "information conference of top 100 enterprises in China's machinery industry and top 30 enterprises in the automotive industry" organized by China Machinery Industry Federation and China automobile industry association was held in Linyi, Shandong Province. At the meeting, the list of the top 30 enterprises in China's automotive industry in 2017 was announced, and BAIC Motor Corporation Limited (hereinafter referred to as "BAIC group") ranked fourth on the list. BAIC group adheres to the leadership of high-quality development, takes strategic transformation as the main line, comprehensively promotes the "high", "new" and "special" strategies, strengthens opening-up cooperation, and stands at the forefront of industry development with the trend of sustainable development

information conference of top 100 enterprises in China's machinery industry and top 30 enterprises in the automotive industry (pictures provided by BAIC Motor Corporation Limited)

BAIC group won the "top 30 Certificate in China's automotive industry" (pictures provided by BAIC Motor Corporation Limited)

steady growth highlights in 2017

in 2017, BAIC group's main business indicators grew steadily and its economic benefits reached a new high. The annual operating revenue was 470.34 billion yuan, an increase of nearly 70 billion yuan year-on-year, an increase of 15.8%, and profit increased by 14.4%

BAIC group was listed in the top 30 list of China's automotive industry in 2017 with 47.34 billion yuan, ranking fourth (BAIC Group Co., Ltd. provides the picture)

at the same time, BAIC group's business blossomed in many places. In the field of new energy vehicles, BAIC bjev continued to maintain its leading position in the industry. BAIC bjev achieved 103000 vehicle sales, a strong increase of 97.7%, and won the champion of pure electric vehicle sales in China for a consecutive time; With the strong rise of off-road vehicle brand, BAIC group has sold 27000 off-road vehicles, doubling year-on-year. BAIC group takes full advantage of the deep brand accumulation of off-road family, and takes the core of improving the competitiveness of technical products that need to be completed on the servo oil pressure electronic tensile testing machine with relatively low load as its core. While completing the national special tasks, it strives to promote the "Beijing" off-road brand; In the luxury car market, Beijing Benz triumphed, with annual sales of 423000 vehicles and operating revenue exceeding 100 billion; Remarkable achievements have been made in transformation and upgrading. Strategic emerging industries such as auto parts, auto service trade, auto finance, travel services and general aviation are booming, and their contributions to the overall business performance of BAIC group are constantly improving

"high", "new" and "special" development decisive victory 2018

2017 is an epoch-making turning point, and a new era of "high-quality" development of China's economy is coming. Promoting high-quality development is not only the requirement of the new era, but also the fundamental strategy for enterprises to seek development. Based on the development achievements in 2017, in 2018, BAIC group put forward the strategic goal of "opening a new journey of high-quality development for BAIC group"

in the first half of 2018, BAIC group achieved 1.203 million vehicle sales, a year-on-year increase of 7.6%. At the same time, the benefit index reached a new high, with operating revenue increasing by 9.5% year-on-year, total profit increasing by 17.0% year-on-year, and profit growth higher than revenue growth, 2 Press the mixing switch, the revenue growth is higher than the sales growth, and the business quality is further improved, showing a good development trend of "high", "new" and "special"

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"high" -- adhere to high-end manufacturing and high-end products. In the first half of the year, Beijing Benz continued its high growth trend, seized the opportunity of rapid growth in the luxury car market, gave full play to its product competitive advantages, and achieved sales of 252000 vehicles, an increase of 19.6% year-on-year. Fujian Benz also maintained a strong upward momentum, and the sales of V-Class vehicles and Weiting replacement models increased significantly, with 13000 vehicles sold in the first half of the year, an increase of 40% year-on-year. Beijing Hyundai's sales volume and benefit indicators have gradually rebounded from the second half of last year. In the first half of this year, the sales volume reached 380000 vehicles, with a year-on-year increase of 26.2%, returning to the ranks of mainstream auto enterprises

"new" - strengthen independent innovation research and development, and accelerate the pace of new energy. BAIC Group continues to maintain its leading edge in the new energy vehicle market. BAIC bjev achieved 54000 vehicle sales in the first half of the year, with a year-on-year increase of 78.5%, and its market share remained the first in China and the third in the world. In March, 2018, China's first national new energy vehicle technology innovation center led by BAIC group was officially established. BAIC group's comprehensive new energy strategy was rapidly promoted

"special" - undertake national tasks and strengthen the advantages of off-road vehicles. BAIC off-road vehicle has become the killer mace of BAIC group's differential competition and the new mainstream of the automotive market. In the first half of the year, 14000 vehicles were sold, with a year-on-year increase of 37.0%, maintaining the leading position in the independent brand hardline off-road market

2018 is the 40th anniversary of reform and opening up and the 60th anniversary of the establishment of Beijing Automotive industry. It is also a key year for BAIC group to thoroughly implement the 13th five year plan and implement the transformation strategy. BAIC group will continue to focus on improving quality and efficiency, and take the "two transformations" as the main line, continue to strengthen independent innovation and reform, and continue to move forward towards the grand goal of realizing the strategic transformation of the 13th five year plan. (supplied by BAIC Group Co., Ltd. to Xu Xinqian and Wu Wei)

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