[E Auto] Beiqi Blue Valley lost 654.38+08.63 million in the first half of 2020.

Recently, BAIC Blue Valley released the 2020 semi-annual report. As of June 30, 2020, the company achieved an operating income of RMB 3,654,38+065,438+02,084,659.58 in the first half of 2020, a year-on-year decrease of 69.84%. The net profit attributable to shareholders of listed companies was-1 863,218,466.19 yuan, which was 68,627,465,438+02.69 yuan in the same period of last year.

BAIC Blue Valley pointed out in the report that in 20 19, its subsidiary Wei Lan Investment (90.2% owned by BAIC Blue Valley) acquired 36% of the shares of BAIC (Zhenjiang) Automobile Co., Ltd. held by BAIC Group and 0/5% held by Zhenjiang Automobile Industry Investment Co., Ltd. (now renamed as BAIC Blue Valley Magna Automobile Co., Ltd.). Since both parties are controlled by BAIC before and after the merger, and the control is not temporary, this merger belongs to a business combination under the same control, so the comparative financial statements and financial index data are adjusted retrospectively.

Beiqi Blue Valley said that in the second half of the year, the company will make efforts in marketing power, innovation and cost reduction and efficiency improvement, such as adding ARCFOX? Information promotion of brand model, establishment of omni-channel business development body, promotion of company business market and so on.

This article comes from car home, the author of the car manufacturer, and does not represent car home's position.