On the evening of April 29th, Jinlong Motor (600686) disclosed its quarterly report for 2021 and annual report for 2020. From January to March this year, the company realized operating income of 2.689 billion yuan, an increase of 32.75% over the same period last year. The net profit belonging to shareholders of listed companies was 3.3285 million yuan, which was 101.48% higher than the loss of 225 million yuan in the same period in 2019.
It is reported that Jinlong Automobile is mainly engaged in the production and sales of bus products, and has major subsidiaries such as Jinlong United Company, Jinlong Station Wagon Company, Suzhou Jinlong Company, Jinlong body Company and so on. At present, the company's main products include large, medium and light passenger cars, which are mainly used in tourist passenger transport, road passenger transport, bus transport, group transport, school bus, special bus and other markets. The products cover all types of passenger cars ranging from 4.5 meters to 18 meters, which are not only sold in China, but also sold to more than 160 countries and regions around the world.
According to the 2020 annual report of Jinlong Automobile, the company achieved an operating income of 13.958 billion yuan last year, with a net profit of 31.9004 million yuan belonging to shareholders of listed companies. It sold 43594 passenger cars of various types in the whole year, down 23.86 percent from the same period last year, but the total sales volume was in the forefront of the industry. among them, 11085 large buses, 5985 medium buses and 26524 light buses were sold.
In terms of new energy vehicles, Jinlong sold 11090 vehicles last year, an increase of 1.0% over the same period last year, ranking first in the industry. Among them, 324 hydrogen fuel cell vehicles were sold last year, ranking first in the industry. In addition, the company also improves the product layout of hydrogen fuel cell buses, obtains the qualification of electric trucks, and enters the hydrogen fuel heavy truck market.
In addition to taking the lead in the hydrogen fuel cell industry, Jinlong remained the industry leader in driverless cars last year. In 2020, Jinlong Automobile joined hands with JD.com to build self-driving logistics vehicles, and Baidu jointly launched L4 self-driving China Motor bus, realizing the leap of self-driving cars from micro-bus to China Motor bus. Self-driving "Star" buses provide customized products, and the cumulative sales of 5G microcirculation buses are nearly 1500, speeding up the development of demonstration operation and industrialization. Intelligent net United bus "Deep Blue" won the "winning prize" of the first China self-driving bus Operation capability Challenge in 2020, and demonstrated operation in Wuxi, Suzhou high-speed railway Metro, Shanghai and other areas. research and development and launch of the new L4 intelligent network bus "Qingyuan".
The proposal of the carbon neutralization target brings great opportunities for the development of new energy and electric vehicles. Battery Network noted that since the beginning of this year, Jinlong Automobile is speeding up the promotion of new energy vehicles and self-driving technology, and the scale is gradually expanding.
In January 2021, 30 Suzhou Jinlong brand new 12m Roca gas and electric new energy buses were put into operation in Lin'an District of Hangzhou, 16 Suzhou Jinlong Hagrid hydrogen cell buses were officially delivered to Changyun bus, and 20 Jinlong self-driving logistics vehicles were delivered to JD.com Logistics to help Changshu build the world's first "unmanned distribution city".
In February, a new batch of 30 Golden Brigade New Energy BRT buses were shipped and shipped. Upon arrival in Pakistan, these vehicles will immediately be put into the BRT project in Peshawar. So far, 158Jinlun New Energy BRT buses have been successfully rushed to Peshawar and put into daily operation.
In March, Jinlong City Light Pure Electric bus was delivered to Suixi County Gongchuang Public Transport Co., Ltd., helping to achieve the goal of 80% bus electrification; 76 Jinlong Pure Electric bus XMQ6106 were delivered to Shenyang Metro bus Public Transport Co., Ltd. Help push Shenyang bus electrification to a new level.
On April 12, a red Jinlong bus drove slowly into the driverless bus platform of Yongchuan, Hainan, marking the first self-driving bus in the country to be put into operation. In mid-April, 105 first-step Hagrid new energy pure electric buses were launched in Rizhao, which will help Rizhao public transportation with superior "appearance" and smarter and safer services. On April 19, the urban microcirculation unmanned minibus jointly built by Jinlong Automobile and Light Boat Zhihang was unveiled at the Shanghai Motor Show, drawing a new blueprint for urban public transport. Recently, Jinlong self-driving bus has been put into trial operation in Haikou Jiangdong New area, helping to build a smart city in Hainan.
In addition, Battery Network also noted that Jinlong Automobile also issued an announcement on the same day as the 2020 annual report and the first quarterly report in 2021. The company's subsidiaries Jinlong Union, Jinlong station wagon, Suzhou Jinlong, Jinlong body, Jinlong New Energy and Chongqing Zhongsi Chuang received 25.2657 million yuan in government subsidies related to revenue from December 19, 2020 to April 29, 2021, affecting the net profit of shareholders belonging to the parent company of 17.289 million yuan.
