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2024 Annual Results Forecast
Beiqi Foton Motor (600166.SH): Net income for 2024 is expected to decrease by 92%.
On January 24th, Gelonghui reported that Beiqi Foton Motor (600166.SH) announced its annual performance forecast for 2024, expecting a net income attributable to the parent company's owners of approximately 70 million yuan, a decrease of approximately 92% year-on-year. The company's 2024 non-recurring gains and losses are expected to be around 245 million yuan. After deducting non-recurring gains and losses, the net income attributable to the parent company's owners is expected to be approximately -175 million yuan for 2024, a year-on-year decrease of about 139%. The company's main business profit for 2024 is expected to be approximately -0.17 billion yuan.
China Merchants: The trade-in policy for old vehicles to new ones will include National IV heavy trucks in 2025, which is expected to boost domestic demand in the Industry.
Currently, the number of Euro IV vehicles in operation in the freight market is significantly higher than that of Euro III vehicles. Therefore, after expanding the subsidy range in 2025, the potential demand for replacing new vehicles is expected to double compared to last year, further stimulating the elasticity of domestic demand in the heavy truck Industry.
Foton Motor's December 2024 Production, Sales Decline
Quick report on production and sales data for each product in December 2024
Beiqi Foton Motor (600166.SH): In December, the total sales of automotive products reached 63,167 units.
Gelonghui, January 8丨Beiqi Foton Motor (600166.SH) announced the production and sales data for various products in December. The total sales volume of automotive products reached 63,167 vehicles, with a cumulative sales volume of 614,113 vehicles for the year. The sales of Fukuda heavy trucks in December were 4,185 units, with a cumulative sales volume of 56,668 units from January to December, a year-on-year decrease of 23.91%. The sales of Fukang engines in December were 14,804 units, with a cumulative sales volume of 158,090 units from January to December, a year-on-year decrease of 19.91%.
Beiqi Foton Motor Co.,Ltd.'s (SHSE:600166) Low P/S No Reason For Excitement
