Ankai Bus 2016 revenue of 47.57 billion net profit of 0.51 billion growth of 27.6%

Main accounting data and financial indicators

I. Analysis of main business

On March 14, Ankai Bus announced its 2016 annual report. The report shows that in 2016, while appropriately expanding its total demand, the country focused on strengthening supply-side structural reforms, slowing economic growth, stabilizing industrial production, improving industrial product prices, and improving overall employment conditions. According to statistics from China Bus Statistical Information Network: In 2016, the bus industry sold 301,581 vehicles in total, breaking the threshold of 300,000 vehicles, and the growth rate was 1.85%. Among them, the cumulative sales volume of passenger cars over 6 meters was 217,499 vehicles, with an increase of over 2.04%.

In 2016, the company achieved sales of over 10,000 passenger cars for the seventh consecutive year. It sold a total of 10,131 passenger cars, an increase of 1.14% year-on-year; cumulative sales revenue was 4.757 billion yuan, a year-on-year increase of 18.28%; net profit attributable to owners of the parent company was realized. 51.35 million yuan, a year-on-year increase of 27.61%.

Ankai pure electric bus

1, income and cost

(1) Composition of operating income

(2) Industry, product or regional situation accounting for more than 10% of company operating income or operating profit

(2) Industry, product or regional situation accounting for more than 10% of company operating income or operating profit.

(3) Composition of operating costs

2. R&D investment

The company focused on the development of mid- to high-end luxury passenger cars, buses, school buses and new energy bus services. In 2016, a number of competitive new products were successfully developed. The high-end passenger car project A9 follows the “benchmarking-oriented, problem-oriented” principle. The German experts guided the development of the entire project, and the new interior and exterior double-decker GS2 project, 18-meter BRT project, and 12-meter G9 three-door pure electric bus project were successfully completed.The development of autonomous permanent magnet motors and the autonomous ISG plug-in hybrid system The breakthrough in the development and prototype verification of the two new energy core technologies marks the company's new energy R&D capability has reached a new level and is at an advanced level in the industry.