JAC Group Reports Impressive Financial Growth in Q3 2024
Beijing (Gasgoo)- Anhui Jianghuai Automobile Group Corp., Ltd. (JAC Group) recently announced its quarterly finance report for the third quarter of 2024, showcasing a remarkable performance with a total operating revenue of 32.27 billion yuan for the first three quarters of the year.
Photo credit: JAC Group
The group’s net profit attributable to shareholders surged to 625 million yuan in the Jan.-Sept. period, marking a substantial increase of 239.86% compared to the same period last year.
Notably, in Q3 alone, JAC Group’s net profit attributable to shareholders experienced an impressive growth of 1,028.38% year over year, reaching 324 million yuan.
This exceptional performance can be attributed to the company’s focus on optimizing its product lineup and investing in cost-effective, smart new energy vehicles, which have driven sustainable sales growth and propelled the company towards a path of high-quality development.
Moreover, JAC Group has been expanding its presence in strategic overseas markets, with a recent launch of its Europe Strategy at the IAA TRANSPORTATION 2024 event in Hannover, Germany. The strategy, themed “For Greener Cities, NOW,” aims to revolutionize green logistics by offering localized operations in products, marketing, and services to set a new standard for last-mile delivery solutions.
Furthermore, the company’s collaboration with Huawei is progressing steadily, with the upcoming debut of the first model from their joint brand MAEXTRO at Auto Guangzhou 2024. Scheduled to enter the market in spring 2025 with a price tag above 1 million yuan, this high-performance vehicle represents a significant milestone for JAC Group’s premium offerings.
