China Economic Net, January 31 (Reporter Chen Mengyu) JAC (600418SH) recently released its 2023 performance forecast, and the financial department has preliminarily calculated that it is expected to achieve a net profit attributable to the owners of the parent company of about 1 in 20233.6 billion yuan, compared with the same period last year, will turn losses into profits. According to the third quarter financial report, the cumulative operating income of JAC in the first three quarters of 2023 was 3392.1 billion yuan, a year-on-year increase of 2316% and net profit of 1$8.4 billion.
JAC Motors announcement.
The announcement pointed out that the net profit attributable to the parent of JAC in 2022 will be -158.2 billion yuan, for the substantial increase in profitability, JAC said that in 2023, the company will seize the opportunity of the international market, continue to strengthen technological innovation, actively carry out cost reduction and efficiency improvement, and achieve a sales growth of 184. The gross profit margin of the main business increased by 3 percentage points.
According to the production and sales report previously released by JAC, the annual sales volume of JAC in 2023 will be 59250,000 units, a year-on-year increase of 1840%；A total of 16 cars were exported throughout the year960,000 units, a year-on-year increase of 4799%。In April 2023, JAC Motors established the brand value of "leading intelligence with intelligence", and built a development path of an open and cooperative intelligent vehicle ecosystem of "core self-development" and "key and common technologies".
In order to promote the company's intelligent development, from January to November 2023, JAC has invested a total of 185.8 billion yuan, a year-on-year increase of 1635%。At the same time, JAC is also cooperating with Huawei in the field of smart cars, and Yu Chengdong, chairman of Huawei's intelligent car solution BU, said at Huawei's autumn all-scenario new product launch conference held on November 28 last year that after the question world and the intelligence world, there will be two "worlds", respectively from BAIC and JAC.
Recently, it has been rumored that the smart car brand cooperated by Huawei and BAIC will be named "Xiangjie", and the first medium and large sedan is scheduled to be unveiled before the Beijing Auto Show in April; Huawei's smart car brand with JAC Motors will be named "Aojie" and plans to launch three large models, covering sedans, SUVs, and MPVs.
At the end of last year, Yu Chengdong introduced that Huawei's car BU is introducing investment and moving towards independent operation, and has taken the lead in cooperating with Changan Automobile, and smart car partners such as BAIC, Celis, Chery, and JAC have also received invitations. On December 1, 2023, JAC announced that it signed a "Smart New Energy Vehicle Cooperation Agreement" with Huawei Terminal***, and the two parties will focus on building luxury intelligent networked electric vehicles.
According to the agreement, the two parties will cooperate in product development, manufacturing, sales, and service based on Huawei's intelligent vehicle solutions to build luxury intelligent connected electric vehicles. The agreement is valid for 10 years from the date of signing.
Prior to this, JAC's cooperation focus had been on NIO, but with the acquisition of NIO's factory assets, the "OEM" cooperation between the two has also ended. However, on January 11 this year, JAC and NIO signed a strategic cooperation framework agreement on battery swapping, and joined NIO's "circle of friends" for battery swapping with Changan, Chery, Geely and other car companies. According to the agreement, the two parties will jointly promote cooperation in various fields such as the establishment of battery swap standards, the construction and sharing of battery swap service networks, the research and development of battery swap models, and the establishment of an efficient battery asset management mechanism.
It is worth mentioning that in 2023, the assets of JAC's ** factory will bring it a lot of income, and according to the previously released announcement, its **factory** will total 457.7 billion yuan, if it is included in the "non-recurring profit and loss" of the 2023 statement, then the loss of JAC's main business is still large. According to the announcement, its estimated net profit in 2023 will still lose about 155 billion yuan, but compared to the loss of 27 in 20229.5 billion yuan narrowed.
*: China Economic Net.