JAC's net profit in the first three quarters was 42.13 million down 50% year-on-year

On October 24, 2014, JAC Power reported that it had achieved a net profit of 421.280 million yuan in the first three quarters, a year-on-year decrease of 49.55%; and earnings per share of 0.0331 yuan, a year-on-year decrease of 56.84%. From January to September, the company realized operating income of 1.771 billion yuan, a year-on-year decrease of 18.68%.


JAC Navistar Engine

JAC Power stated that the strategic transformation of the company is undergoing adjustment and orderly progress. The new industry is still in the investment phase and has not entered the large-scale sustained release period of its performance.

JAC Power stated that the company's net profit decreased mainly due to the year-on-year decline in sales revenue and profits of the company's traditional machinery industry and coal segment due to the impact of the annual industry environment and the company's relocation and integration; in addition, JAC Power's net profit was also affected by the RMB depreciation in the current year. The loss of the contract, as well as the impact of the same period last year on the income from the sale of equity investment.

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