During the Spring Festival, although there is a strong year around, the Jiangling Group's workshops have all heard roar of machines. Workers are working overtime to increase production. On February 1, the JMC Group's production and sales report showed that: in January, the Group sold 22,991 vehicles in total, and realized sales revenue of 3.038 billion yuan, an increase of 39.62% and 42.11% respectively over the same period of 2010; a profit and tax of 520 million yuan, and a profit of 316 million yuan. Yuan, which was 24.03% and 33.85% higher than the same period of 2010, respectively. The sales volume of auto sales reached a record high in the single month and ushered in a new year. This is another success achieved by Jiangling Group after its sales revenue exceeded the RMB 20 billion mark in the first 10 months of 2010 and annual sales revenue reached 27.187 billion yuan.
In recent years, Jiangling Motors Group has firmly grasped the development direction of auto science and technology in China and the world, strived to innovate, developed its own brand, strengthened cooperation, implemented an internationalized group strategy, and made the UN General Assembly stronger. In particular, the construction of the 300,000 vehicle Xiaolan base project of Jiangling shares will enable Jiangling Motors Group to create a new historical chapter. In order to support Jiangling to become bigger and stronger, the main leaders of provinces and cities came to Jiangling to hold on-site office meetings and supported the Jiangling Group to develop its own brand cars. These measures have strengthened Jiangling’s determination to overcome difficulties and take advantage of the situation, providing strong impetus for Jiangling Group’s follow-up development.
The start of the new year is a result of Jiangling Group’s long-term foundation and strong momentum. Since the Jiangling Motors Group's sales revenue exceeded 10 billion yuan in 2004, the Jiangling Motors Group has continuously expanded its cooperation and continuously cultivated a new economy with a sense of urgency, a sense of crisis, and a sense of unsustainable responsibility. Growth points, adjustments in economic structure, changes in development methods, efforts to speed up new product development, opening up two domestic and international markets, and other initiatives, seized the opportunity, won the space and time for development, and significantly enhanced the company’s comprehensive competitiveness.
During the "11th Five-Year Plan" period, Jiangling Group invested 11.5 billion yuan in total, formed a 300,000 vehicle capacity and an annual output of 290,000 engines, creating and maintaining a leading edge in the commercial vehicle industry and completing the business from traditional commercial vehicles. The important leap in the field to the field of cars has formed the four major brands of JMC, Transit, Landwind and JMCG, with a total of more than 800 car varieties. In particular, in 2010, Jiangling Group achieved the fastest growth in sales revenue for the first time in the industry, and achieved significant progress in independent research and development capabilities, scientific marketing capabilities, and comprehensive profitability. In total, it sold 193,075 vehicles in total. The year-on-year increase of 59.91%, sales income of 27.187 billion yuan, an increase of 53.91%, a profit of 2.317 billion yuan, an increase of 92.95%, and profits and taxes of 3.897 billion yuan, an increase of 78.43%.
The good start of production and sales both greatly encouraged Jiangling people's confidence. Jiangling Group will use the Poyang Lake Ecological Economic Zone as an opportunity to seize opportunities, innovate and develop, strive to increase the total economic output, and strive to exceed RMB 30 billion in sales revenue in 2011. One year ahead of schedule to complete the provincial government to give Jiangling instructions in early 2010.
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