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Xiangyang Mayor Qie Yingcai met with a delegation led by Li Zuoyuan, Chairman of Changyuan Donggu.
On September 19, Mayor Qie Yingcai met with Li Zuoyuan, Chairman of Changyuan Donggu Industrial Co., Ltd., and his delegation at the Nanhu Hotel. The two sides engaged in in-depth discussions on deepening strategic cooperation and accelerating project development.
Foton leads the heavy-truck segment with a 112% surge, while Dayun’s medium‑truck sales climb 58%. Mid‑August analysis of the medium- and heavy‑truck market.
Starting in April 2020, the automotive industry began to recover gradually. Among its segments, the commercial vehicle market outperformed the passenger car market, while the truck sub‑segments entered a sustained growth trajectory. As this steady expansion continued, the impact of the pandemic was progressively absorbed.
Changyuan Donggu reported a 70.49% year-on-year increase in net profit for the first half of the year, with RMB 278 million allocated to cash dividends.
Located in Xiangyang, Hubei, Changyuan Donggu reported a semi-annual performance showing a net profit of RMB 154 million, up 70.49% year on year, just three months after its IPO. Moreover, the company distributed RMB 278 million in cash dividends during the first half of the year to reward its investors.
Changyuan Donggu’s 2020 Semi-Annual Report: Sales revenue hits a record high, with performance growth ranking among the industry’s top.
On August 10, 2020, Changyuan Donggu released its 2020 semi-annual report. According to the report, the company’s operating revenue reached RMB 753 million, up 32.56% year-on-year; net profit attributable to shareholders of the listed company was RMB 154 million, an increase of 70.49% compared with the same period last year; and net cash flow from operating activities amounted to RMB 193 million, up 72.06% year-on-year. The company achieved comprehensive growth across all performance metrics and approved a profit distribution plan to distribute RMB 12 in cash for every 10 shares held to all shareholders.
Xiangyang Changyuan Donggu Industrial Co., Ltd.
Hongshantou Industrial Park, Xiangzhou District, Xiangyang City, Hubei Province
SSE Main Board: 603950
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