Xingyu shares issued a semi-annual report on the evening of the 21st. The company achieved revenue of 880 million yuan in the first half of the year, a year-on-year increase of 16.66%. The net profit attributable to shareholders of listed companies was 111 million yuan, a year-on-year increase of 15.72%, and the basic earnings per share was 0.47 yuan.
Xingyu's 2014 annual revenue target is 1.9 billion yuan, and the first half of the year's revenue of 880 million yuan is basically in line with the company's expectations. In the income structure, the company's revenue in the joint-venture brand automakers accounted for more than 70%, among which Dongfeng Nissan and GAC Toyota achieved significant sales growth; the output of headlamps and rear combination lamps increased by 11% year-on-year. The sales revenue increased by 18% year-on-year; meanwhile, as the proportion of LED lights continued to increase, the company's profitability continued to increase.
In 2014, the overall development of the domestic auto market was stable. The overall market forecast for China's auto sales growth in 2014 was between 8% and 10%. Xingyu's existing product sales are expected to maintain steady growth. At the same time, the company's new projects will also be launched. In the second half of the year, the company will usher in the release of FAW Toyota Corolla and GAC Toyota Rayling projects. The annual production of 500,000 LED lamp projects will also drive the company's production capacity and profitability. .
Based on the results of the first half of the year and market demand, the company expects that the annual results will ensure steady growth. The company will continue to dig deeper cooperation with joint venture vehicle companies, develop new customers and optimize product structure, accelerate the construction of Changchun project, and fully prepare for the follow-up market development.
Xingyu's 2014 annual revenue target is 1.9 billion yuan, and the first half of the year's revenue of 880 million yuan is basically in line with the company's expectations. In the income structure, the company's revenue in the joint-venture brand automakers accounted for more than 70%, among which Dongfeng Nissan and GAC Toyota achieved significant sales growth; the output of headlamps and rear combination lamps increased by 11% year-on-year. The sales revenue increased by 18% year-on-year; meanwhile, as the proportion of LED lights continued to increase, the company's profitability continued to increase.
In 2014, the overall development of the domestic auto market was stable. The overall market forecast for China's auto sales growth in 2014 was between 8% and 10%. Xingyu's existing product sales are expected to maintain steady growth. At the same time, the company's new projects will also be launched. In the second half of the year, the company will usher in the release of FAW Toyota Corolla and GAC Toyota Rayling projects. The annual production of 500,000 LED lamp projects will also drive the company's production capacity and profitability. .
Based on the results of the first half of the year and market demand, the company expects that the annual results will ensure steady growth. The company will continue to dig deeper cooperation with joint venture vehicle companies, develop new customers and optimize product structure, accelerate the construction of Changchun project, and fully prepare for the follow-up market development.
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