Net profit of FAW Jiefang Group in China 2010-2023

Published by
Wenyi Zhang,
Apr 17, 2024
In 2023, the Chinese vehicle manufacturer FAW Jiefang reported a net profit of 763 million yuan, representing an increase of more than 100 percent compared to the previous year, yet still significantly lower than the figures between 2018 and 2021. In 2020, FAW Jiefang restructured its assets and shifted its main business from the development, production, and sales of passenger cars to that of commercial vehicles.

Net profit of FAW Jiefang Group in China from 2010 to 2023 (in billion yuan)

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Release date

March 2024

Region

China

Survey time period

2010 to 2023

Supplementary notes

One yuan equals approximately 0.14 U.S. dollars or 0.13 euros (as of April 2024).

The financial data for 2020 included those of FAW Pentium Sedan Ltd. that has been disposed of.

Figures have been rounded to provide a better understanding of the statistic.
*Figures for 2010 to 2020 were retrieved from previous reports.

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