E-commerce companies are competing to join hands to "set up a car" to subsidize sales! So what will happen to Wuling?

On June 2 nd, the official account of Wuling Automobile WeChat published an article "The Regular Army of Spreading Economy! Wuling automobile is also popular in the market because of "booth economy". The share price of Wuling Automobile Hong Kong Stock Company, a manufacturer of God Car Gear, rose sharply. The Hong Kong Stock Exchange rose sharply on Wednesday afternoon, hitting a maximum of 126. 13% at HK$ 0.45 per share. As of the afternoon of the 3rd, the share price of Wuling Automobile rose by 53.27%.

The appearance of stalled cars

On June 2nd, Wuling Automobile announced the launch of special sales trucks, aiming at boosting the "stall economy". And this car also shows the strong strength of the goods, with the function of commercial activities, strong mobility, small area, publicity, distribution, sales and promotion methods are diverse.

The situation of Wuling automobile

According to the announcement issued by Wuling Automobile on May 28th, its total revenue was 654.38+04.237 billion yuan, down 5.8% compared with the same period of last year, and its net loss was 654.38+06.7 billion yuan. Wuling Automobile said that the substantial increase in the company's annual loss was mainly due to the increase in impairment losses of property, plant and equipment of the Engine and Related Parts Division and the Auto Parts and Other Industrial Services Division.

The turning point of Wuling automobile

It is worth mentioning that Wuling Automobile, a listed company in Hong Kong, is not the manufacturer of Wuling Hong Guang, but SAIC-GM-Wuling Automobile is the core customer of Hong Kong Wuling Automobile. It is reported that Wuling Automobile Group Co., Ltd. (Wuling Automobile Group Co., Ltd.) is a Hong Kong investment holding company, mainly engaged in auto parts, engines and special vehicles. Guangxi Automobile Group is the largest shareholder of the company, and the actual controller is the State-owned Assets Supervision and Administration Commission. Moreover, the production enterprise of Wuling Hong Guang is SAIC-GM-Wuling Automobile Co., Ltd. (SAIC-GM-Wuling), which is a large Sino-foreign joint venture automobile company composed of SAIC, General Motors (China) and liuzhou wuling Automobile Co., Ltd. (limited liability company).

The strength of Wuling enterprises has risen.

Wuling Automobile, a Hong Kong stock, disclosed in its annual report that its total sales to its core customer SAIC-GM-Wuling Automobile Co., Ltd. totaled about 654.38+65 billion yuan, an increase of 20.5% over the same period last year. Wuling automobile said in the announcement that the company's growth was mainly due to the increase of sales of NP 18 engines sold to SAIC-GM-Wuling company by 3? C parts (cylinder block, cylinder head and crankshaft parts), the engine uses 1.8? L displacement, engine sales will also have a steady growth in 2020. Ok, friends, the content of today's article is here. I look forward to seeing you next time. If you have friends who like the content of Bian Xiao's article, remember to pay attention!

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