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Loncin Motor Releasing Performance Report of Year 2017

Release Time:2018/1/29 5:52:51  Full Screen

On January 11, 2018, Loncin Motor released Performance Report of Year 2017: operating income breaks through Ten Billion and reaches RMB 10.57 billion, with year-on-year growth rate of 24.6%; net profits attributable to the parent company reach RMB 962 million, with year-on-year growth rate of 11.15%.

Each business of Loncin Motor increases new achievements: XV-2 unmanned plant protection machine has realized multi-variety and small-scale formal operation in Heilongjiang, Xinjiang and other places. The accumulative area of large-field spraying operation reaches 35,000 mu (1mu=0.067 hectare) to realize the breakthrough in operating income. In September 2017, XV-2 unmanned plant protection machine successfully completed the hover out of ground effect performance test in the plateau area of 4,120m high in Qinghai.

CMD22 gasoline piston type aero engine obtains RPOA (conditional production license) Certification issued by ENAC. CMD22 engine has completed the final sample test according to EASA requirements.

Shandong Lichi obtains new energy special complete vehicle production qualification. The sales volume of four-wheel low-speed electric vehicles reaches 66,000 vehicle, and the operating income reaches RMB 1.31 billion, with year-on-year growth rate of 22.3%. The operating income of auto parts reaches RMB 380 million, with year-on-year growth rate of 159%. BMW 850CC double-cylinder engine passes the mass production check, and starts supply. BMW C400X scooter produced by Loncin is officially released in Milan Auto Show.

The operating income of Loncin Motorcycles reaches RMB 4.18 billion, with year-on-year growth rate of 22.9%, of which, year-on-year growth rate of 32% for export income. The operating income of engines reaches RMB 2.48 billion, with year-on-year growth rate of 11.7%, of which, year-on-year growth rate of 29.7% for off-road engines. Loncin engine obtains the first national motor vehicle “National IV” emission standard CCC certificate. 

The operating income of large-sized commercial generator set reaches RMB 1.03 billion, with year-on-year growth rate of 16.1%; and the operating income of small-sized household generator set reaches RMB 860 million, with year-on-year growth rate of 34.2%.