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Beiqi Foton Motor's Vehicle Sales Fall 24% in January
02:21 AM EST, 02/07/2023 (MT Newswires) -- Beiqi Foton Motor (SHA:600166) sold 31,600 vehicles in January, down 23.8% from 41,445 a year earlier, according to a Tuesday disclosure. The Chinese automak
Foton Motor: Automobile product sales in January were 31,600 units, a year-on-year decrease of 23.75%
Foton Motor (600166.SH): Sales of 3,600 automotive products fell 23.75% year-on-year in January
Glonghui, Feb. 6 丨 Foton Motor (600166.SH) released a report on production and sales data for various products for January 2023. The total sales volume of automobile products was 3,600 units, down 23.75% from the previous year; among them, sales of new energy vehicles were 1,350 units, an increase of 50.17% over the previous year.
Huaan Securities: The new energy subsidy policy may be leaning towards electrification in the public sector, focusing on the three major directions
The Zhitong Finance App learned that Huaan Securities released a research report stating that the Ministry of Industry and Information Technology and other departments issued the “Notice on Organizing Pilot Work in the Comprehensive Electrification of Vehicles in the Public Sector”, which requires a significant increase in the proportion of new and updated new energy vehicles in pilot areas. Among them, the fields of urban buses, leasing, sanitation, postal express delivery, and urban logistics distribution are striving to reach 80%. The bank believes that the introduction of this “Notice” indicates that the new energy subsidy policy will be skewed in the direction of electrification of passenger vehicles to the public sector, focusing on the three directions of urban logistics and distribution, sanitation vehicles, and commercial heavy trucks. Recommended attention: JAC (6004)
By the end of January, Foton Motor (600166.SH) had repurchased a total of 45.2982 million shares
Glonghui, Feb. 1 丨 Futian Automobile (600166.SH) announced that the company began to buy back shares on January 30, 2023. By the end of January 2023, the company had repurchased 45.2982 million shares through centralized bidding transactions. The share repurchased accounted for 0.57% of the company's total share capital. The highest purchased price was 3.49 yuan/share, the lowest price was 3.23 yuan/share, and the total amount paid was 155 million yuan (excluding transaction fees).
Is Beiqi Foton MotorLtd (SHSE:600166) A Risky Investment?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' So it seems
Changes in the sector | The performance of car companies such as BYD is expected to increase sharply, and the automobile sector is shockingly rising
The Zhitong Finance App learned that on January 31, due to news of a sharp increase in the performance of car companies such as BYD, the A-share vehicle sector fluctuated and rose. As of press release, Jianghuai Automobile (600418.SH) had risen by more than 8%, while Zhongtong Bus (000957.SZ), Futian Automobile (600166.SH), Jinlong Motor (), and other stocks such as BYD (002594.SZ) and Changan Automobile (000625.SZ) had pulled up. 600686.SH On the evening of January 30, BYD released its 2022 earnings forecast. Last year's revenue is expected to exceed 420 billion yuan; it will return
The A-share vehicle sector fluctuated and picked up. JAC rose more than 7%, while Zhongtong Bus, Foton Motor, Jinlong Motor, and BYD followed suit. According to the news, BYD expects net profit of 16 billion yuan to 17 billion yuan in 2022, an increase of
Foton Motor to Repurchase Up to 300 Million Yuan Shares
06:11 AM EST, 01/27/2023 (MT Newswires) -- Beiqi Foton Motor (SHA:600166) plans to buy back between 200 million yuan and 300 million yuan worth of shares via centralized bidding transactions, accordin
Foton Motor (600166): Return to mother's net profit in '22, reverse losses in '23 and enter a rapid upward path
Losses are expected to be drastically reduced year over year in 22Q4. According to the company's performance forecast, the company's net profit before and after deduction in '22 is expected to be 0.6 billion yuan and -280 million yuan respectively, and the total profit is expected to be 120 million yuan. Excluding Baowo's influence, the company's total profit in '21 was 340 million yuan. (According to Baowo's plan at the end of '21, future impact is basically eliminated) Although the company's total profit declined year-on-year in '22, it was generally stable. According to the company's performance forecast and financial report for the first three quarters, the 22Q4 company's net profit before and after deduction is expected to be -180 million yuan and -270 million yuan respectively, and the total profit is expected to be -1
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