JMC: Year 2013 Performance Flash Report
www.chinatrucks.com: The financial data of year 2013 disclosed herein are preliminary accounting data, and are subject to audit conducted by an accounting firm. The data herein might differ from final audited results; investors shall pay attention to the risk.
1. Major accounting data and financial ratios of year 2013
Item
|
2013
|
2012*
|
Changes (%)
|
Revenue
|
20,889,706
|
17,474,707
|
19.54
|
Operating Profit
|
1,717,858
|
1,677,826
|
2.39
|
Profit Before Income Tax
|
1,924,521
|
1,893,140
|
1.66
|
Profit Attributable to the Company’s Equity Holders
|
1,696,307
|
1,515,327
|
11.94
|
Earnings Per Share (RMB)
|
1.97
|
1.76
|
11.94
|
Weighted Average Return on Net Asset Ratio (%)
|
19.55
|
19.53
|
Up 0.02
percentage point
|
|
Dec. 31, 2013
|
Dec. 31, 2012*
|
Changes (%)
|
Total Assets
|
16,484,699
|
13,112,376
|
25.72
|
Shareholders’ Equity Attributable to the Company’s Equity Holders
|
9,173,999
|
8,079,807
|
13.54
|
Share Capital (RMB)
|
863,214,000
|
863,214,000
|
0
|
Net Assets Per Share Attributable to the Company’s Equity Holders (RMB)
|
10.63
|
9.36
|
13.54
|
*Restated financial indexes. JMC has adopted IAS 19 'Employee benefits' on 1 January 2013. The revised employee benefit standard introduces changes to the recognition, measurement, presentation and disclosure of post-employment benefits. The changes on JMC's accounting policies has been as follows: actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited to equity in other comprehensive income in the period in which they arise. Past-service costs are recognized immediately in income.
2. Operating Results
In 2013, JMC achieved a sales volume of 230,006 units, up 15% from last year, including 79,936 JMC-brand trucks, 67,733 JMC-brand pickups (including 8,985 Yuhu Pickups), 14,160 Yusheng-brand SUVs, 67,785 Ford-brand commercial vehicles and 392 heavy trucks.
Under IFRS, net profit in 2013 was RMB 1,696,307 thousand, up 11.94% from the same period last year, primarily reflecting income tax expense reduction generated from the different applicable tax rate of deductible deferred income tax assets accrual (25% vs. 15%) of JMC Sales Company established in the reporting period.
Views:0
- JMC's Sales in Chile Jumped 300% YoY in 2021 2021-12-27
- JMC Pickup Sales Went Up by 13% YOY From January to September 2021-10-12
- JMC Sales Jumped by 48% in March 2021-04-08
- Auto China 2020: Beiben, JMC, SAIC and BAIC Confirm to Take Part in the Show 2020-09-24
- JMC Step up Efforts to Resume Production and Business in Overseas Market 2020-06-08
- JMC Donates Ambulances to Bolivia, Egypt, Panama and Myanmar 2020-04-27
- First 10 JMC Weilong Fuel Cell Trucks Delivered to Customer 2020-03-20
- JMC Got an Order for 100 Refrigerator Vans from FEI MAO YUN CHE 2020-03-04
- JMC Sold 5083 Light Trucks in January 2020-02-25
- JMC to Provide 2,000 Light Trucks to its Customer in Jiangxi 2020-01-16
Submit Your Requirements, We Are Always At Your Service.
- BYD Stopped the Production of Fuel Vehicles
- Geely Began Test Runs of Green E-methanol Vehicles in Danmark
- 2022 SANY Global Dealer Summit Was Held Successfully Online
- BYD and Shell Partner on EV Charging across China and Europe
- Daimler Truck Significantly Increase Sales, Revenue and Net Profit in 2021
- Scania Year-end Report January-December 2021
- Hyundai Motor and Iveco Group Sign MOU to Explore Future Collaboration
- GAUSSIN Enters China, the Largest Truck Market in the World
- Over 1,200 Hydrogen-powered Vehicles Deployed for the Beijing Winter Olympics
- Chinese New Year Holiday Closure Notice
- China's Truck Exports Grew by 30% YOY to 63490 Units in January-February
- China's New Energy Heavy Trucks Grew Despite an Overall Slump
- Heavy-duty Truck sales in China Fell by 54% to 54,000 units in February
- SINOTRUK Achieves Sales of 27,725 Vehicles in January, 2022
- China’s Domestic Tractor Sales Exceed 40,000 Units in January
- 2021 JAC International Pickup Export Performance
- JAC Achieved a Great Result in 2021
- China's Truck Export in 2021 Reached a 10-year Peak
- Heavy-duty Truck Sales in China Fall 57 Percent on Year in January
- China Recorded Sales of 645000 Tractors in 2021