On the evening of June 14, 2011, Foton Motor released production and sales data and showed that, in May 2011, the production and sales of Foton Automobile continued the declining trend, while the medium- and heavy-duty trucks still maintained a stable growth. It is expected that the Foton China heavy truck business will achieve growth throughout the year.
In May 2011, Foton Motor produced 49,700 vehicles, a year-on-year decrease of 14.6% year-on-year and a decrease of 8.1% from the previous month; sales of 56,600 vehicles were down 5.3% year-on-year and down 21.7% from the previous quarter.
From January to May 2011, Foton Motor produced a total of 293,500 vehicles, a year-on-year decrease of 6.7%, and sold a total of 307,700 vehicles, a year-on-year decrease of 3.1%. Except for the medium-heavy trucks, which have maintained steady growth, the production and sales volume of other models have declined to varying degrees year-on-year.
In May 2011, Foton Motor produced 12,000 heavy-duty trucks, an increase of 19.1% year-on-year, and sales of 11,300 vehicles, a year-on-year increase of 6.5%. From January to May, the total number of heavy trucks in production was 57,200, an increase of 19.9% ​​year-on-year. Sales of 57,200 vehicles, an increase of 14.1%.
In May 2011, Foton's light trucks achieved production and sales volume of 35,600 vehicles and 42,500 vehicles, a year-on-year decrease of 20.4% and 7.1% respectively. In terms of light passengers and large and medium-sized passengers, there are also different degrees of decline.
Futian Auman’s heavy-duty truck business is expected to maintain growth in 2011, and sales growth is expected to reach 10%-15%, but the average price is difficult to increase. Although the annual growth rate of the medium- and heavy-duty truck industry in the country has slowed down significantly, Futian Auman expects to basically achieve the above growth target through the adjustment of its product structure and the deepening of its product lineage.
Since 2011, Futian Auman No. 2 Plant has produced well, with an average monthly output of 2000-3000 units. The utilization rate of the No. 1 plant has remained at a high level, and the average monthly output is 6000-8000 units. Therefore, in 2010, Futian Auman Heavy Trucks The loss of production capacity for orders has basically been improved.
On the other hand, although Fukuda has a good cost management system, the increase in the cost of raw materials will lead to a slight drop in the gross profit margin of the medium-duty card to 10%.
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