Lately, Lifan Shares announced the annual report of 2014. LIFAN, through improving the development of new product and new technology, increasingly optimizing the product structure, promoting product quality and service level and further expanding the competitive advantage in overseas market, has realized the continuous steady growth for the business scale. The revenue of 2014 has realized 11.417 billion Yuan, increasing 13.34% compared with last year with the net profit of 386million Yuan. In 2014, the Passenger Vehicle has realized the sales revenue of 7.485 billion Yuan, increasing 18.87% compared with last year; the export amount is RMB 6.304 billion Yuan, increasing 17.79% compared with last year. The sales of Lifan Motors rank the third place for the exportation among national independent auto brands while Motorcycle and Engine ranks top 3, of which the exportation amount ranks the first place in Chongqing auto and motorcycle industry.

In the aspect of new energy car, the subsidiary of Lifan Shares Zhongke Lifan successfully developed 620EV sedan with battery changing version in 2014, and firstly made the quick battery changing technology possible. The first batch of 10 electric cars as taxi starts trials in Shanghai. On December 27, 2014, the new energy auto plant has officially put into production in Jiyuan, Henan, indicating the first Chinese enterprise owning both qualifications of sedan production and new energy car production officially enters low-speed EV industry. By now, the plant has two models including LIFAN 320E and LIFAN 300E, having got 12 patents for invention and 7 utility patents, being the top level in the field in China. Besides, the subsidiary Chongqing Auto Co., Ltd. has got the production qualification of Chinese new energy car at the end of October, 2014, and developed three new energy models.

In the aspect of finance, the annual report indicates, the estimated financial leasing assets reach 1 billion Yuan in 2015. Lifan Lease Finance Company, since carrying out the business of auto finance lease in October, 2014, has established cooperation with nearly 300 dealers and established the wholly-owned subsidiary Sichuan Lifan Shanrong Information Service Co., Ltd., mainly taking up internet financial service. As learned, currently the company has developed the Auto Finance Lease Business System, which will cover all LIFAN dealers and 4S stores, with the function of authentication, identification, third party payment deduction and full-flow risk control. Meanwhile, the company will introduce the car networking concept to build the car renting platform on mobile internet, on the occasion LIFAN will enter internet financial industry. Besides, Lifan Finance Company will carry out automobile finance buyer’s credit, sufficiently explore, clear up Big Data resource, expand trust financing channel, break through large-scale third party financial advisor financing channel, cooperate with P2P platform, carry out small project and transfer auto leasing property.

Looking ahead the future development, Lifan Shares said, they would continue giving play to the development advantage of new technology, enlarge the development of new energy models; boost the industry development with the integration of industry and finance; meanwhile taking the auto finance as the stepping-stone to success for entering automobile aftermarket, realizing the extend from selling product to service. Strive for expanding low-speed electric car, battery changing of new energy car, auto finance lease and auto E-business O2O business, laying the foundation for industry upgrading and constant development.