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After the company’s joint venture with Daimler, the joint venture company will not be included in the scope of the consolidated statement, and the company’s operating income will be greatly reduced, but Auman’s heavy truck assets appraisal value can significantly increase profits in the short term, offsetting the decline in performance brought by the joint venture; Daimler’s There are two unsuccessful experiences in China, and this time whether it can achieve the expectation remains to be tested.
The Foton Cummins engine project can be put into production this year, 40% of which will be distributed to Foton headquarters commercial vehicles, 30% for export, and 30% to other domestic customers. Since the business car market in 2009 is not optimistic, there is also certain uncertainty in this project. In 2007, the young card business contributed 53% of the total revenue and 56% of the total profit. After the heavy truck business was transferred, the light truck became more important to the company. However, due to the deterioration of the economic environment, the light truck industry fell by 24% year-on-year in November, and the company's light-duty card business also fell by 14%. If the market continues to decline in 2009, the company's operating performance in 2009 will have a great impact. The low gross profit margins of such businesses as light passengers and MPVs are still at a loss. However, the sales proportion of these services is less than 7%, which has little impact on the company's performance. The gross profit margin of the large and medium-sized business is relatively high, but due to the relatively small amount, it only accounts for about 2% of the company's business, which makes a small contribution to the company's profits.