Articles Tagged with "JAC"

"After the financial crisis in 2008, JAC sales market in 2009 and 2010 performed very well, so JAC set higher goals at that time. As market conditions change, we will revise the medium-term goals. The original sales target, 1.5 million vehicles which were set in the 'twelve-five' plan, will be adjusted down to 1 million units, and the sales volume was still 100 billion yuan." Jianghuai Automobile Company Limited ( hereinafter referred as JAC ) Technology Center product planning minister Zhang xinhuai told reporters.

JAC(300197.SZ) president An Jin, appointed one and a half year ago, made adjustments again on the organizational structure after on the products structure. JAC’s semi-annual report published recently showed that the revenue of the first half year reached 17.98 billion yuan, the net profits 520 million yuan, rising 62% year-on-year.