Foton Motor announced that the company’s net profit in 2009 has increased nearly twice as much as the previous year due to a significant increase in car sales. The annual report shows that in 2009 the company achieved operating revenue of 44.840 billion yuan, an increase of 49.12%; net profit of 1.037 billion yuan, an increase of 199.90%; earnings per share of 1.132 yuan, an increase of 183.00%.
In 2009, Foton Motor sold a total of 6,021,021 vehicles for the first time, ranking first in the global sales of commercial vehicles for the first time. The brand value increased to 26.837 billion yuan, an increase of 21.1%. Bei Jin Futian Secretary of the Party Committee General Manager Wang Jinyu said: Foton Motor's 2010 goal is to sell 70.37 million vehicles. By 2015, Foton Motor plans to produce and sell 1.5 million vehicles, compete for 1.8 million vehicles, and generate more than 160 billion yuan in business income. Among them, overseas sales exceeded 500,000, accounting for 30% of total sales.
By 2020, Foton Motor will establish a global brand image and establish the status of a mainstream enterprise in the passenger vehicle industry in China. It will have an annual output of 4 million vehicles, an operating income of over 400 billion yuan, and will be among the top 10 auto companies in the world.
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