Trade QINGLING MOTORS - 1122 CFD

About Qingling Motors Co Ltd

Qingling Motors Co. Ltd is principally engaged in manufacture and sales of automobiles and related parts and components. The Company mainly has five business segments. The Light-duty Trucks segment is mainly engaged in manufacture and sales of light-duty trucks. The Multi-purposes Vehicles segment is mainly engaged in manufacture and sales of multi-purposes vehicles. The Pick-up Trucks segment is mainly engaged in manufacture and sales of pick-up trucks. The Medium and Heavy-duty Trucks segment is mainly engaged in manufacture and sales of medium and heavy-duty trucks. The Automobile Parts and Accessories segment is mainly engaged in manufacture and sales of automobile parts and accessories.

Financial summary

BRIEF: For the six months ended 30 June 2021, Qingling Motors Co Ltd revenues increased 20% to RMB2.7B. Net income increased 43% to RMB134.9M. Revenues reflect Light-Duty Trucks segment increase of 32% to RMB1.53B, Automobile Parts and Accessories segment increase of 73% to RMB159M, Pick-Up Trucks segment increase of 7% to RMB450.1M. Net income benefited from Light-Duty Trucks segment income increase of 36% to RMB102.9M.