Jingxi Heavy Industry's revenue in 2020

According to the 2020 audit report of Jingxi Heavy Industry, Jingxi Heavy Industry achieved a revenue of 3.909 billion yuan in 2020, which is only 39.09% of its "13th Five-Year Plan" target; the net loss attributable to the parent reached 504 million yuan, compared with the net loss attributable to the parent of 103 million yuan in 2019, the loss amount increased nearly 4 times year-on-year. Its operating income comes from two major businesses, automotive parts products and automotive technical services, with the former accounting for 97.47% of its revenue. Jingxi Heavy Industry's automotive parts products include suspension and brake products, among which the international suspension business is the main direction of Jingxi Heavy Industry, and Jingxi Shanghai's revenue for the domestic brake market is only 24.06% of Jingxi Heavy Industry's total revenue. According to Jingxi Heavy Industry's 2020 audit report, its revenue mainly comes from two major customers, which brought Jingxi Heavy Industry 1.238 billion yuan and 613 million yuan in revenue respectively, accounting for a total of 47.35% of its total annual revenue. In 2019, Jingxi Shanghai, which continued to lose money, introduced three strategic investors, Walden International, Beijing Venture Capital, and Hongxin. Jingxi Shanghai also changed from a subsidiary of Jingxi Heavy Industry to a joint venture. The 2020 audit report of Jingxi Heavy Industry shows that although Jingxi Shanghai was still in a loss-making state last year, its revenue rebounded significantly due to the development of several new domestic major customers in the previous two years, with a year-on-year increase of 37.74% to 941 million yuan.