Foton Motor announced its first-half results. As of August 20, it had sold a total of 303,865 vehicles (including products from the joint venture Foton Daimler), a year-on-year increase of 21.5%. Among them, the commercial vehicle market share was 15.4%, a year-on-year increase of 0.7%. Achieved sales of 34,237 units through direct sales business, accounting for 11.3% of the company’s sales
Medium and heavy-duty trucks: Cumulative sales in the first half of 2023 were 63,597 units (including joint ventures) Foton Daimler products), a year-on-year increase of 9.16%, a share of 11.6%, a year-on-year decrease of 1.7%.
Light trucks (including micro trucks): Cumulative sales in the first half of 2023 were 207,804 units, a year-on-year increase of 22.6%, and the market share was 17.3%, a year-on-year increase of 1.7%.
Large and medium-sized buses: A total of 2,871 vehicles were sold in the first half of 2023, a year-on-year increase of 19%, and the market share was 7.5%, which was unchanged over the same period.
Light passenger vehicles: Cumulative sales in the first half of 2023 were 27,427 units, a year-on-year increase of 52.7%, and the market share was 14.8%, a year-on-year increase of 2.7%.
This site noticed that during the reporting period, the company exported 60,582 complete vehicles, a year-on-year increase of 30.8%; it sold 137,785 engines, a year-on-year increase of 19.18%. Among them, Foton Cummins engine sales were 98,166 units, a year-on-year increase of 6.88%; Foton engine sales were 39,619 units, a year-on-year increase of 66.74%.
Foton Motor achieved revenue of 28.845 billion yuan in the first half of the year. A year-on-year increase of 24.47%. Net profit attributable to listed shareholders was 657 million yuan, a year-on-year increase of 177.88%. Net profit after deducting non-recurring gains and losses was 411 million yuan, a year-on-year increase of 463.48%
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