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In 2013, King Long Motor Group vigorously promoted the reform of the enterprise operation mechanism, strengthened the enterprise management, carried out related work steadily and achieved some success. The annual total sales of all types of buses were 78,677, an increase of 6.90%. The operating income of 2013 was 20.812 billion yuan, an increase of 8.57%, net profit 230 million yuan, an increase of 9.48%. Among them, the domestic market operating income was 16.225 billion yuan, an increase of 11.66%, export operating income 3.956 billion yuan, an increase of -4.32%.
The company"s sales of large and medium-sized buses in 2013 were 44,061, an increase of 5.65%, taking up the market share of about 25.51%, an increase of 1.67%, maintaining a leading market share. Sales of light buses were 34616, an increase of 8.54%. In 2013, the company continued exploring overseas markets and strengthening overseas marketing network. The annual exports were of 19,837, an increase of 3.81%, export revenues 3.956 billion yuan, accounting for approximately 19.6% of operating revenue.
King Long"s annual bus sales were 32,824, an increase of 14.2%, of which large/medium sized buses and light buses taking up 16,423 and 16,401, an increase of 6.48% and 23.14% respectively. The operating income was 7.72 billion yuan the year 2013, an increase of 8.32%; net profit 153.528 million (excluding investment income of Suzhou King Long), down 7.44 percent.
Golden Dragon"s annual bus sales were 24,550, an increase of 3.2%, including 9,365 large/medium buses and 15,185 light buses, an increase of 20.0% and -5.02% respectively. The operating income in 2013 was 4.9 billion yuan, an increase of 17.27%; net profit 23.5968 million, an increase of 84.66%. Net profit growth was primarily due to the company"s sales growth in the reporting period and the strengthened cost management. Its net profit margin was increased by 0.28%..
Higer"s annual bus sales were 21,303, an increase of -1.1%, with 18,273 large/medium buses and 3030 light buses, an increase of -1.1% and 17.17% respectively. The 2013 annual revenues were 7.893 billion yuan, an increase of 2.98% (after adjusting the data for the year 2012); net profit 165.1276 million, a decrease 16.72% (after adjusting the data for the year 2012).