Beijing Automobile first quarter report: revenue of 47.696 billion yuan increased by 4.29% over the same period last year, with a net profit of 4.156 billion yuan

CTOnews.com May 1 news, Beijing Automotive (01958.HK) released first-quarter results, revenue of 47.696 billion yuan, an increase of 4.29% over the same period last year; sales gross profit of 25.58%; net profit of 4.156 billion yuan, down 8.84% from the same period last year, and net profit of 1.455 billion yuan. Net cash flow from operating activities increased by 2.765 billion yuan to 6.995 billion yuan.

CTOnews.com obtained from the financial results, Beijing Automobile's four major vehicle businesses Beijing brand, Beijing Mercedes-Benz, Beijing Hyundai, Fujian Mercedes-Benz total sales of 247000 vehicles, an increase of 9.3% over the same period last year. Wholesale brand sales in Beijing increased 77 per cent year-on-year, including 98 per cent for new energy vehicles and 46 per cent for off-road vehicles, 5.5 per cent for Beijing Mercedes-Benz and 2.5 per cent for Beijing Hyundai.