On the evening of February 8th, Cyrus (601127) announced that Dongfeng Xiaokang Automobile Co., Ltd. (hereinafter referred to as "Dongfeng Xiaokang"), a subsidiary of the company, signed the Cooperation Agreement of Dongfeng Xiaokang Intelligent Networked New Energy Vehicle Project with the Chongqing jiangjin district Municipal People’s Government, so as to promote the transformation and upgrading of Dongfeng Xiaokang Intelligent Networked New Energy Vehicle by using the existing stock assets.

  

  It is reported that on the same day, jiangjin district Municipal People’s Government and Dongfeng Xiaokang officially signed a contract on the intelligent networked new energy vehicle project, with a total investment of 3.2 billion yuan, which was settled in Jiangjin District (Shuang Fu Industrial Park) of Science City.

  It is understood that the Dongfeng Xiaokang Intelligent Networked New Energy Vehicle Project signed this time will transform the production line of Dongfeng Xiaokang Shuang Fu Base, upgrade it to a smart factory meeting the "Made in China 2025" standard, speed up the construction of an electrified platform, develop and produce intelligent networked new energy vehicles, and build it into an influential intelligent networked new energy vehicle industrial base in Chengdu-Chongqing area. The project is expected to be rebuilt in one year, when the annual production scale of 100,000-150,000 high-end new energy vehicles will be formed, and the annual output value is expected to be 15-20 billion yuan.

  Sailis said that this strategic cooperation with Jiangjin District Government will give full play to its resource endowment advantages and boost Chongqing’s joint efforts to build a world-class intelligent networked new energy automobile industry cluster. With the support of Jiangjin district government, the company further optimizes the allocation of resources, which is conducive to promoting the development of the company’s new energy vehicle business.

  According to the data, Dongfeng Xiaokang was established in 2003. It is a joint venture between Cyrus and Dongfeng Motor Group Co., Ltd. At present, it is a wholly-owned subsidiary of Cyrus. The company’s main business involves traditional fuel vehicles and new energy vehicles.

  According to the annual performance forecast of Cyrus in 2022, the company expects to achieve revenue of 33.5 billion yuan to 35 billion yuan in 2022, up by 100.38%-109.36% year-on-year; The net profit attributable to the owners of the parent company is-3.95 billion yuan to-3.5 billion yuan.

  According to the latest production and sales data released by Celeste, from January to December 2022, the cumulative production and sales of Celeste new energy vehicles were 139,132 and 135,054 respectively, up by 233.64% and 225.90% year-on-year; Among them, the cumulative production and sales of Celestial vehicles reached 83,701 and 80,041, up 660.37% and 626.39% year-on-year.

  In addition, the latest data released by AITO Automobile, a smart car brand jointly built by Cyrus and Huawei, shows that the delivery volume of the series of vehicles in December 2022 reached 10,143, once again achieving a monthly delivery of over 10,000. Since the official delivery started in March, AITO has delivered more than 75,000 vehicles, making it the fastest growing brand of new energy vehicles.


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