FAW Jiefang's subsidiary received 150 million yuan in government subsidies and achieved its annual sales target

FAW Jiefang Automobile Co., Ltd. recently announced that it plans to receive a government subsidy of RMB 150 million, accounting for 19.66% of the company's net profit attributable to shareholders of listed companies in 2023. This subsidy is related to the company's daily operations, but it is not sustainable. Although the payment has not yet been received, FAW Jiefang's sales performance is still impressive. From January to November this year, FAW's sales of self-owned brand vehicles reached 750,000 units, a year-on-year increase of 14.6%. Among them, FAW Hongqi sold 385,200 units, a year-on-year increase of 19.7%, and new energy sales were 106,400 units, a year-on-year increase of 50.1%. FAW Bestune sold 134,000 units, a year-on-year increase of 28.8%, setting a record for the highest sales volume in the same period in 9 years. FAW Jiefang sold 229,600 units.