
Core Insights - The company achieved stable performance in 2024 despite challenges in the commercial vehicle industry, with significant breakthroughs in the new energy vehicle sector [1][2] Financial Performance - In 2024, the company's revenue reached 58.581 billion yuan, with a net profit attributable to shareholders of 622 million yuan and basic earnings per share of 0.13 yuan [1] - The total vehicle sales for the year were 251,100 units, representing a year-on-year increase of 3.90%, with heavy and medium truck sales reaching 214,000 units, up 4.3%, and a market share of 20.9%, an increase of 0.7 percentage points [1] New Energy Vehicle Development - The company reported a remarkable 121% year-on-year growth in new energy vehicle sales, totaling 15,900 units [2] - The company is diversifying its technology routes, covering natural gas, pure electric, hybrid, and other types, catering to various market segments [2] - The company emphasizes technological innovation as a core driver of development, with significant advancements in research and development [2] International Expansion - The company has actively pursued internationalization, establishing "Jiefang International" and acquiring "FAW Africa Investment Co., Ltd." to enhance overseas capabilities [3] - In 2024, the company exported 57,000 units to over 80 countries and regions, marking a 27.4% increase in export volume [3] Social Responsibility and Future Outlook - The company is committed to sustainable development and social responsibility, engaging in various public welfare initiatives [3] - Looking ahead, the company aims to maintain its strategic goal of being "China's first, world-class," focusing on technological and product leadership to enhance market competitiveness [3]