Chery will be profitable in 2020.

In 2020, the cumulative automobile sales will reach 449,000 vehicles, but the annual net profit is only 737 1.88 million yuan. Wuhu Construction Investment Co., Ltd. (hereinafter referred to as "Wuhu Construction Investment") recently released the "2020 Bond Annual Report", which mentioned the income and profit of the above-mentioned Chery Automobile Co., Ltd. (hereinafter referred to as "Chery Automobile") in 2020.

According to the data, Wuhu Jiantou is the major shareholder of Chery Automobile and its parent company Chery Holding Group Co., Ltd. (hereinafter referred to as "Chery Holding"). In its published report, Chery Automobile's revenue in 2020 was 34.762 billion yuan, slightly higher than 20 19 years, but its net profit was only 7.37./kloc-0.80 million yuan.

Compared with 2065438+2009, it was 392 million yuan, a sharp drop. Chery Holdings' revenue in 2020 was 25.372 billion yuan and its net profit was 65.438+0.65438+0.68 million yuan, an increase of 65.438+0.365438+0.037 billion yuan compared with 2065.438+09, but it was 65.438+08.

In addition, it is worth noting that according to the 2020 annual report released by Chery Yin Hui Automobile Finance Co., Ltd. (hereinafter referred to as "Chery Yin Hui"), Chery Yin Hui achieved an operating income of 2.032 billion yuan and a net profit of 773 million yuan in 2020.

At present, Chery Automobile holds 49% of the shares of Chery Yin Hui, and Chery Holdings holds 365,438+0% of the shares of the company. In other words, without the profit contribution of Chery Yin Hui, the main business income and net profit of Chery Automobile will be lower in 2020.