On August 27, Dongfeng Automobile Co., Ltd. (hereinafter referred to as Dongfeng Automobile) disclosed its semi-annual report for 2019, which showed that Dongfeng Automobile's business income in the first half of the year was 6.761 billion yuan, an increase of 16.79% over the same period of last year, and its net profit attributable to shareholders of listed companies was 246 million yuan, down 15.53% over the same period of last year.
In terms of sales, in the first half of 2019, Dongfeng automobile sales amounted to 80,000, up 14.64% year on year. In terms of vehicle types, sales of small passenger vehicles increased by 148.44% over the same period of last year, sales of large passenger cars increased by 11.94% over the same period of last year, sales of light trucks increased by 13.63% over the same period of last year.
Dongfeng Motor said in its financial report that the upgrading and cost reduction of new energy commodities technology, the control of new energy core components resources, and the technical talent reserve will be the focus of Dongfeng Motor's work in the future.
On the same day, another announcement issued by Dongfeng Automobile showed that the controlling shareholder Dongfeng Automobile Co., Ltd. (referred to as "Dongfeng Limited") intends to provide a subsidy of about 200 million yuan for Dongfeng Automobile to launch new energy vehicle terminal promotio. According to the announcement, Dongfeng Limited subsidized new energy vehicles are E11K and E-R30 electric vehicles sold by Dongfeng in 2019.
