CIMC Vehicles (Group) Co., Ltd.
Summary
Revenue :
000,000 M USD
Finance :
000,000 M USD
Earning Cap :
000,000 M USD
Invest :
000,000 M USD
R & D :
0000 People
Growth :
00% AGR
DIGDAL CAP
Overview
| General Introduction | CIMC Vehicle (Group) Co., Ltd. (stock code: 301039. SZ/01839. HK) is a leading high-end manufacturer of semi-trailers and special vehicles worldwide. Since entering the industry in 2002, the company has formed operational and technological advantages around "focus and innovation". According to the production ranking data of the top 50 semi trailer manufacturers worldwide in 2022 released by GlobalTrailer, the company has been ranked first in the world for 10 consecutive years. In 2021, the company established six major businesses or groups based on actual operational and strategic management needs: "Lighthouse Pioneer Business", "North American Business", "European Business", "Qiangguan Business Group", "Urban Waste Truck Business", and "Byte Business Group", with the aim of breaking business silos, achieving production and sales linkage and maximizing efficiency. The company conducts production, sales, and after-sales market services for seven major categories of semi trailers in major global markets. Lighthouse Pioneer specializes in semi trailer products that are deeply rooted in the Chinese market, operating well-known brands such as "Tonghua", "Huajun", "Liangshan Dongyue", "Pioneer Series", "CIMC Lighthouse", and "Trailer Help". The market share of lighthouse vanguard business in China's semi trailer market continues to rise, ranking first in the country for three consecutive years; The North American business consists of box type semi trailers, refrigerated semi trailers, and container skeleton vehicles, operating local well-known brands such as "Vanguard" and "CIE" in the North American market. The products produced and manufactured by the North American business have a good reputation and rapid business development, earning long-term trust and recognition from mainstream North American customers; The European business is deeply rooted in semi trailer products in the European market, operating the "SDC" and "LAG" brands. SDC continuously increases its market share in the UK by upgrading its production line and promoting modular product design. The European tank car market where LAG is located is among the top, with a long history of over 70 years. It is renowned for its high commercial value, fuel consumption savings, and low weight and low strength ratio in the European market. In addition, the company is also a leader in high-end manufacturing of specialized vehicle upper body and trunk. Qiangguan Business Group produces and sells tank semi trailers and concrete mixer trucks, and operates strategic brands such as "Ruijiang Tank Car", "Tonghua Tank Car", and "Shandong MasterCard". The concrete mixer truck under Qiangguan Business Group has been the best-selling truck in China for five consecutive years, and the tank semi trailer product has maintained a leading position in the market. The production and sales of urban waste truck products are pioneers in the commissioned modification business of urban waste trucks in China. The company actively carries out a joint development strategy with the main engine factory for its urban waste truck business, through joint design and cross marketing, to maintain a leading competitive advantage in the industry transformation. The TaiByte Business Group produces and manufactures refrigerated and dry cargo compartments, operates the "TaiByte" brand, and has an innovative spirit and leading technological research and development level. TaiByte Business Group provides customers with high-end products and services that drive the development of urban distribution and cold chain logistics industries through modular product design and professional high-end manufacturing. After years of continuous exploration and development, the company has deepened its business model of "cross ocean operation, local manufacturing" in the current context of globalization, and has maximized its production capacity, assembly capacity, global supply chain management ability, and global distribution logistics management ability in 22 production and 10 assembly factories worldwide, forming a core competitive multinational operation pattern. The company has been exploring the construction of a "high-end manufacturing system" since 2014, comprehensively implementing the "high-end manufacturing system" strategy by upgrading product modules, improving the "lighthouse" factory, initiating marketing changes, promoting organizational development, and building a digital supply chain center. The company is also actively building an upgraded version of the "lighthouse" factory - the "lighthouse manufacturing network", using the newly upgraded production lines and equipment to improve production efficiency, reduce product production costs, achieve comprehensive production automation, intelligence, and digitization, and effectively connect the six major businesses or groups in the long run, providing guarantees for business development. The company continues to deepen its "high-end manufacturing system", consolidate its "new management infrastructure", and actively expand its innovative business model of "products+services+finance" to promote the stable development of the six major businesses or groups in the cross ocean business landscape, thereby maintaining a long-term competitive advantage. In July 2019, CIMC Vehicle (01839. HK) was successfully listed on the main board of the Hong Kong Stock Exchange. In July 2021, CIMC Vehicle (301039. SZ) officially landed on the Shenzhen Stock Exchange's ChiNext board, achieving dual A+H listings. |
| Headquarter | Shenzhen |
| Establish Date | 8/29/1996 |
| Listed Code | 301039.SZ |
| Listed Date | 7/8/2021 |
| Chairman | Mai Boliang. |
| CEO | Li Guiping. |
| Website | www.cimcvehiclesgroup.com |
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