BAIC Blue Valley has now shared its 2023 financial report, as per the report it achieved an operating income of 14.319 billion yuan, a year-on-year increase of 50.5%. During the reporting period, the company’s operating profit was -5.349 billion yuan, and the loss decreased by 1.39% year-on-year; the total profit was -5.349 billion yuan, and the net profit was -5.365 billion yuan, with losses decreasing by 1.40% and 0.56% year-on-year respectively; the net profit attributable to shareholders of the parent company Profit was -5.400 billion yuan, and loss was 1.19% lower than the same period last year; net cash flow from operating activities was -465 million yuan, 113.20% lower than the same period last year.
The company owns two major brands: Jihu and BEIJING. During the reporting period, Ji Fox had five models on sale: Ji Fox Alpha T Forest Edition, Ji Fox Alpha S Forest Edition, and Ji Fox Alpha S New HI Edition (the new Ji Fox Alpha S HI version was upgraded to Ji Fox Alpha in May 2023 S advance version), Koala, Alpha T5. BEIJING Auto’s product lineup includes EU7 and EU5 models. In August 2023, EU5 will be upgraded to EU5 Plus.
The report that BAIC Blue Valley also mentioned in the report the Xiangjie S9 that will be launched this year. The car is jointly built by the company and Huawei through in-depth cooperation and is claimed to “endow new energy vehicles with luxurious design aesthetics, luxurious comfort experience and luxurious intelligent technology.”
