June bus industry statistics released Shenlong 340.5% revenue growth rate ranks first in the industry

June bus industry statistics released Shenlong 340.5% revenue growth rate ranks first in the industry


A few days ago, the statistical data of China's bus industry was released in June. According to statistics, the Chinese bus industry showed an overall warming trend in June 2017, with a monthly sales of more than 18,872 vehicles (including 2,369 special vehicles, a total of 2,115 vehicles). Among them, Shanghai Shenlong Bus Co., Ltd. (referred to as: Shenlong Bus) has shown strong performance in the new energy market, and a number of data are among the highest in the industry.

In the total sales revenue in the first half of 2017, Shenlong bus ranks the top 8 in the industry with 1.13 billion yuan, and the 340.5% revenue growth rate ranks first in the industry. In the production and sales ranking of passenger cars above 5 meters, Shen Long Passenger cars ranked fifth in the industry with 1,074 units of single-month sales, an increase of 416% year-on-year, ranking the industry leader.

"According to the cumulative sales of 1,648 vehicles from 5 to more meters in January-June, it is not much in the industry." For Shenlong's dazzling performance in production and sales in June, industry insiders told reporters: "Shenlong bus In recent years, new energy vehicles have continued to exert strength, which has greatly boosted the sales performance of the company. It can achieve sales of 1.13 billion yuan, of which the relatively high price of new energy buses clearly contributes significantly."

According to the China Bus Network, in 2016, Shenlong ranked among the top ten in the national bus sales ranking, and sales of domestic products have covered all provinces except Tibet and Qinghai. At the same time, “Shenlong Manufacturing” has already entered the international market. In recent years, the export volume has always remained at the top five in the industry. Products have been batch-entered in many markets in Asia, Africa and South America, and the brand reputation has been continuously improved.

In order to comprehensively improve the comprehensive R&D capabilities of new energy products and expand the scope of new energy business, on June 20, 2017, Shenlong Bus signed an investment agreement for a new energy vehicle production base project in Nanning, Guangxi, and the Nanning municipal government. According to the agreement, Shenlong Bus will invest in the construction of new energy passenger cars and new energy logistics vehicles in the Suining Emerging Industrial Park in Nanning. The project plans to invest a total of 3 billion yuan, including about 2.5 billion yuan in investment in fixed assets, and to build a production base of 10,000 new energy passenger cars and 30,000 new energy logistics vehicles annually. After the project reaches full production, the annual output value is expected to exceed 10 billion yuan. Various taxes exceed 1 billion yuan.

It is worth mentioning that in March 2017, Dongxu Optoelectronics (000413.SZ) spent RMB 3 billion to acquire 100% stake in Shenlong Bus. At present, the investment project is going well. Earlier, many media analyzed that Shenlong Bus was strategically important to Dongxu Optoelectronics. The latter, as a supplier of high-end equipment manufacturing and display materials in China, will regard the former as a breakthrough and pioneer in its entry into the field of new energy vehicles. The marriage is a powerful combination. This time, Shen Long's strong performance also strongly confirms the media's previous interpretation.

Chen Dacheng, president of Shenlong Bus, predicted to reporters that Shenlong will put the company's body into a billion-dollar scale in the next 3-5 years. After the marriage, Shen Long will implement the product diversification strategy under the assistance of Dongxu and actively deploy electric logistics vehicles, electric tourism buses, and electric commuter vehicles.



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