FAW Jiefang Makes RMB69.09 billion in the First Half Year

Updated : 2020-09-15Source : CCFAO
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Under the background of market recession, FAW Jiefang set a satisfactory record of sales. In the first half of the year, FAW Jiefang made RMB69.09 billion, up 16.08% year on year. 

The operating profit of FAW Jiefang amounted to RMB2.937 billion in the first half of the year, an increase of 38.63% over the same period of last year. The total profit reached RMB2.946 billion, up 32.46% year on year. 

Among the products sold in the first half year there are 239,000 medium and heavy trucks, an increase of 35.70% over the same period of last year, and 230,000 heavy trucks. According to the data released by China Association of Automobile Manufacturers, 814,000 heavy trucks were sold in China, up 24.0% year on year. FAW secured a noticeable market share of 28.26% in the first half of the year. 

As a leading enterprise in the field, FAW Jiefang has secured the first place for four consecutive years in selling heavy trucks, and the first place for three consecutive years in selling medium and heavy trucks. Insiders say the rising net profit of FAW Jiefang is due to the strong recovery of heavy truck industry. Looking forward to the whole year of 2020, FAW Jiefang’s operating performance is expected to maintain on a strong trend.