Xiaokang, a well-known listed company in Chongqing, released its 2016 annual report on the evening of the 19th. In 2016, the company achieved a sales volume of 379,200 vehicles, a year-on-year increase of 36.7%. In 2017, we will strive to achieve an operating income of 23.6 billion yuan, a year-on-year increase of 46%; vehicle sales will reach 420,000 units, an increase of 10.8% year-on-year, and we will strive to create a million-class and competitive automobile group within five years.
Xiaokang shares announced that during the reporting period, the company's main business is the research and development, production, sales and service of automobile vehicles and their engines and parts. The main products currently produced and sold are sporty multi-purpose passenger vehicles (SUVs), multi-purpose passenger vehicles (MPVs), crossover passenger cars and commercial vehicles. The main products are scenery 580, scenery 370, scenery 330 and so on. The first super-urban SUV Dongfeng Fengguang 580 independently researched and developed by Xiaokang Co., Ltd. was listed in Boao, Hainan, with sales exceeding 10,000 for five consecutive months and 86,700 units for half a year.
Xiaokang shares said that in 2016, the company's transformation and upgrading and product structure changed significantly. In the whole year, the company achieved sales of 379,200 vehicles, a year-on-year increase of 36.7%. Affected by the whole vehicle, the company's engine and parts sectors also performed well. In 2017, we will continue to transform and upgrade the company through product transformation and upgrading, vigorously promote the development strategy of new energy vehicles, and build a leading brand of international electric passenger vehicles.
In order to accelerate the layout of the new energy automobile industry and meet the needs of the future development of the new energy vehicle sector, Xiaokang intends to increase the registered capital of Chongqing Jinkang New Energy Automobile Co., Ltd. (Jinkang New Energy), a wholly-owned subsidiary, with a registered capital of 700 million yuan. After the capital increase is completed, Jinkang New Energy The registered capital was changed to RMB 1 billion.
It is understood that in January 2017, Xiaokang shares won the approval of the National Development and Reform Commission on the approval of Chongqing Jinkang New Energy Automobile Co., Ltd. for the annual production of 50,000 pure electric passenger vehicles (Development and Reform Industry [2017] No. 46), won the national The eighth new energy vehicle license. According to the company's plan, in June 2019 and January 2019, high-end electric vehicles and mid-range electric vehicles will reach mass production status respectively.
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