Jianghuai Automobile's 2024 First Half Forecast Net Profit Up 86.86% with Optimized Debt Structure

TapTechNews July 9th news, Jianghuai Automobile released an announcement today, expecting the net profit attributable to the parent company in the first half of 2024 to be about $42.86 million (2.9 billion yuan), an increase of 86.86% year-on-year.

Jianghuai Automobile stated that the company continuously optimizes the debt structure, the loan interest has significantly decreased, and due to the impact of exchange rate fluctuations, the foreign exchange gain has significantly increased, resulting in a significant reduction in financial expenses compared to the same period last year.

TapTechNews learned from the query of the announcement that Jianghuai Automobile's sales volume in June 2024 was 32,915 units, a decrease of 3.69% year-on-year; The sales volume of automobiles in the first 6 months was 331,000 units (206,200 units), a decrease of 7.57% year-on-year.

SUV models: 7,525 units in June, a decrease of 4.01% year-on-year; a cumulative total of 37,539 units this year, a decrease of 37.12% year-on-year.

MPV models: 847 units in June, a decrease of 37.07% year-on-year; a cumulative total of 8,190 units this year, a decrease of 18.34% year-on-year.

Sedan: 5,626 units in June, a decrease of 18.73% year-on-year; a cumulative total of 32,899 units this year, a decrease of 11.18% year-on-year.

New energy passenger vehicles: 2,057 units in June, a decrease of 9.74% year-on-year; a cumulative total of 12,781 units this year, an increase of 15.28% year-on-year.