CIMC Vehicle achieved a "good start" in the first quarter of 2023, with a net profit attributable to the parent company of 479 million yuan, a year-on-year increase of 285.25%

In the first quarter of 2023, CIMC Vehicles achieved a revenue of 6.584 billion yuan, a year-on-year increase of 28.29%; The net profit attributable to shareholders of the listed company reached RMB 479 million, a significant increase of 285.25% year-on-year; The net profit attributable to shareholders of the listed company after deducting non recurring gains and losses reached RMB 479 million, a significant increase of 361.57% year-on-year. The company's core financial indicators such as operating revenue and net profit attributable to the parent company have achieved rapid growth.

Against the backdrop of economic policy stimulus in North America and rapid growth of multimodal transportation business, CIMC's North American business has maintained a good growth trend in profitability. At the same time, the company's profitability in the domestic market and other overseas markets remains stable. In the first quarter of 2023, our company sold 36386 vehicles/set worldwide, a year-on-year increase of 9.57%.