百亿龙头！中集车辆“创业”成绩单出炉

Core Insights - CIMC Vehicles achieved a revenue of 21 billion yuan in 2024, with an operating net profit of 1.35 billion yuan and a gross margin of 16.3% [1] - The company plans to actively expand into global southern markets [1] Group 1: Business Performance - CIMC Vehicles ranked first globally in semi-trailer manufacturing for the twelfth consecutive year, with a revenue contribution of 14.95 billion yuan from its semi-trailer business and a gross margin of 17.8% [2] - Domestic sales increased by 12%, achieving a market share of 14.04% in China, maintaining the top position for six consecutive years [2] - The CFO indicated that the "Starlink Plan" is nearing its harvest phase, while the "Xiongqi Plan" will leverage experiences from the former for rapid replication and growth [2] Group 2: New Energy Initiatives - The EV·DTB business generated a revenue of 3.03 billion yuan, with a gross profit increase of 70 million yuan to 150 million yuan [3] - The company aims to develop "pure electric head-mounted integrated products" and has launched the J-RT1.0 electric head-mounted mixer, which reduces energy consumption by 37.7% [3] - The CEO emphasized that the goal of pure electric vehicles is to achieve intelligence, addressing challenges in recruiting drivers for large trucks [3] Group 3: Global Market Expansion - China exported approximately 150,000 tractors to global southern markets, which account for 34% of the total [4] - CIMC Vehicles reported a 6% revenue increase in global southern markets, with a gross margin improvement of 5.8 percentage points [5] - The company plans to develop a strategic approach for the global southern market by establishing a regional business group and seizing development opportunities [5]