Fast Group sold more than 100,000 transmissions in the first quarter
Thanks to the power of technological innovation, the Fast Group has consistently achieved new breakthroughs in overcoming the challenges posed by the financial crisis. Its production and operations have shown a strong momentum of rapid growth. In the first quarter, the company generated a total sales revenue of 1.28 billion yuan, completed an industrial output value of 1.23 billion yuan, and sold 101,269 sets of automobile transmissions. Notably, in March alone, the company achieved sales revenue of 720 million yuan, completed an industrial output value of 690 million yuan, and sold 60,253 units of automobile transmissions. All key operating indicators saw a year-on-year growth of over 200%, setting a new record for performance. The self-developed small 8-speed transmission series has gained widespread popularity among users due to its advanced features and superior cost-performance ratio. Monthly sales have surpassed the 10,000-unit mark, marking a significant milestone.
In response to the financial crisis, the Fast Group actively seized the opportunities brought by the country's efforts to boost domestic demand and expand market consumption. Leveraging its scientific and technological advantages and scale development strengths, the company has been working hard to accelerate product restructuring and technological innovation. This has allowed it to quickly adapt to and meet the evolving demands of the market for upgrades in medium and light trucks, agricultural vehicles, and passenger cars. Currently, several new products, including the independently developed 6DS transmission and lightweight, large center-distance transmission, have entered mass production. These innovations provide the latest optimized configurations for the replacement of buses, light trucks, cement mixers, truck cranes, wagons, and airport ferries, further expanding the company’s market presence and long-term development potential.
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