JMC released semiannual report in August 26. During the report period, JMC achieved 10.8 billion Yuan, down by 9.83% year on year and net profits attributable to shareholders of 705 million Yuan, down by 34.86% year on year. The basic earnings per share is 0.82 Yuan.
In the first half year, benefit from the rapid development of SUV, China automobile kept increasingly growth. The sales of the first half year is 128.3 million Yuan, up by 8.14% year on year. Among them, SUVs were delivered 3.85 million units, up by 44.30% year on year and commercial vehicles were delivered 1.79 million units, up by 1.87% year on year.
In order to response the increased competition challenges, the more strict regulatory requirements and the cost of upward pressure, JMC has been committed to improving product quality, promote new product R&D, control operating costs and improve production efficiency, as well as floated a series of marketing strategies to actively respond to market risks.
