The Export-Import Bank of China will focus on SAIC's five major sectors, namely, complete vehicles, spare parts, mobile travel and services, auto finance and international operation, as well as the demand for financial services in the fields of industrial big data and artificial intelligence, and provide a credit line of 50 billion yuan.
The two sides will work together to build a new development pattern with the domestic big cycle as the main body and the domestic and international double cycles promoting each other.
The Export-Import Bank of China is a state-owned policy bank funded by the state, directly under the leadership of the State Council, supporting China's foreign economic and trade, investment development and international economic cooperation, and has the status of an independent legal person.
SAIC is the largest automobile enterprise in China, and it is innovating and transforming in the fields of "electrification, intelligent networking and * * * *".
According to the agreement, the two sides will actively cooperate in credit, trade financing, settlement, consulting and other business areas. Specifically, it includes the export business of high-tech products and corresponding services such as SAIC's own brand cars and their parts and components, production line equipment, working capital loans and fixed assets investment projects involved in production and operation, "going out" projects such as overseas fixed assets investment and equity acquisition, and import projects of important equipment, parts and key technologies.
At the same time, The Export-Import Bank of China will provide a package of financial services for SAIC's overseas fixed assets investment projects, overseas equity acquisition projects and import and export trade. Provide risk aversion and financial management advice on investment and exchange rate, and assist SAIC to realize the safe and effective allocation and operation of funds; It will also cooperate with SAIC in international settlement, guarantee, trade financing, bond underwriting and spot and forward foreign exchange transactions.
In the first half of 2020, SAIC achieved a total operating income of 283.74 billion yuan, a year-on-year decrease? 24.60%; The net profit attributable to shareholders of listed companies was 8.394 billion yuan, a year-on-year decrease? 39.0 1%。 In addition, the balance of monetary funds of SAIC in the first half of the year was 65.532 billion yuan, and the net cash flow generated by operating activities in consolidated statements was 29.358 billion yuan.
In the first half of this year, SAIC achieved car sales of 2.049 million units, down 30.2% year-on-year; Among them, the sales volume of passenger cars was 6.5438+0.63 million, down 35.8% year-on-year, and the sales volume of commercial vehicles was 4.65438+0.9 million, up 5.0% year-on-year; New energy vehicles sold 58,000 vehicles, and the sales speed outperformed the overall market of new energy vehicles by about 12 percentage points; Vehicle export and overseas sales reached1320,000 vehicles, of which 79,000 vehicles were sold overseas by independent brands, up 17.3% year-on-year. The company's automobile export sales continued to rank first in the country.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.