Dongfeng Motor running out of the big city without small displacement

Source: Internet
Author: User
Keywords Said
Tags .mall change group market run run away view
View the latest market because of its lack of low-end product structure, Dongfeng Motor (00489,HK) 2009 sales revenue of 91.758 billion yuan (RMB, the same below), the year-on-year growth of about 30%, run away from the big city.  Xu, chairman of the board, said that the 2010 sales growth of 15%~18%, the group will not change the product structure.  According to the results, Dongfeng Motor 2009 sales of 1.4307 million vehicles, an increase of about 35%, the realization of sales revenue of about 91.758 billion yuan, the growth of 30% per cent, the realization of the gross margin of 17.484 billion yuan, an increase of 47.2%, net profit of about 6.25 billion yuan, the year-on-year growth of about 58%. Last year China's automobile market was hot, Dongfeng performance was lost in the big city. As a result of the state of less than 1.6L of small displacement car tax deduction, as well as "car to the countryside" and other policies, so that economic vehicles last year sales soared. But Dongfeng Automobile does not have the related product, the performance loses in the big city, especially loses to some sells the low-end vehicle main manufacturer.  For example, only sales revenue, Dongfeng Rose 35% last year, and Geely car revenue growth last year by 228%. Chairman Xu said at a press conference held in Hong Kong on 14th that the group would not change the product structure. For the 2010-year market, Xu said that 2010 Dongfeng established sales target total of 165 to 1.7 million vehicles, growth 15%~18%.
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.