CIMC VEHICLES(SZ:301039)2022-12-22 10:44Group 1: Market Overview - In the first nine months of 2022, the total social logistics volume in China reached RMB 247 trillion, with a year-on-year growth of 3.5% [3] - The company's market share in the Chinese semi-trailer market reached 12.1% in 2021, maintaining the top position for three consecutive years [3] - The North American semi-trailer market saw a production of 279,400 units in the first nine months of 2022, reflecting a year-on-year growth of 26% [4] Group 2: Financial Performance - In the first nine months of 2022, the company's North American business experienced a significant revenue increase of 130.21%, with a gross margin improvement of 4.82 percentage points [4] - The company's European business revenue grew by 17.30% in the first nine months of 2022, indicating stable growth despite economic challenges [5] Group 3: New Energy Initiatives - The company actively developed new energy products, achieving a 100% year-on-year increase in sales of new energy concrete mixers in the first nine months of 2022 [4] - The company reported a 312% year-on-year growth in the delivery of new energy urban muck trucks from its Xi'an and Baoji factories [4] - New energy product innovations include lightweight urban muck trucks and pure electric mining trucks, with energy recovery rates exceeding 85% [5] Group 4: Strategic Developments - The company is exploring innovative business models in the new energy sector, focusing on short-distance bulk materials and long-distance express delivery solutions [5] - The company is enhancing its global supply chain management to mitigate challenges posed by geopolitical conflicts and inflation, aiming for stable production and delivery [5]