CIMC Vehicles Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 26, 2021 at 05:07 am EDT
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CIMC Vehicles (Group) Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 22,562.64 million compared to CNY 18,801.42 million a year ago. Revenue was CNY 22,562.64 million compared to CNY 18,801.42 million a year ago. Net income was CNY 786.41 million compared to CNY 866.64 million a year ago. Basic earnings per share from continuing operations was CNY 0.43 compared to CNY 0.49 a year ago. Diluted earnings per share from continuing operations was CNY 0.43 compared to CNY 0.49 a year ago.
CIMC Vehicles Group Co Ltd is a China-based company principally engaged in the production, manufacturing and sales of semi-trailers, special-purpose vehicle tops and complete vehicles, refrigerated vans and complete vehicles. Its semi-trailer products include container frame vehicles, flatbed vehicles and their derivatives, side curtain semi-trailers, van semi-trailers, refrigerated semi-trailers, tank semi-trailers and special category semi-trailers. Special-purpose vehicle top and complete vehicle products include urban dump truck top and complete vehicles, concrete mixer top and complete vehicles. Semi-trailer and special vehicle parts include various parts in the operation and maintenance process of various models, mainly axles, tires, axle ends and braking systems. The Company conducts its businesses both in the domestic market and overseas markets.