Changan Automobile in the first half of the incremental difficult to increase profits, independent new energy brand sales accounted for only 20%, Avita half a year to sell less than 30,000

Recently, Changan Automobile (000625.SZ) has been moving frequently. After the dark blue G318 was launched in June, it has launched new products non-stop. The official account of Deep Blue Automobile said that the dark blue S07 was officially launched on July 25. Recently, Changan Qiyuan E07 has also been officially launched. It has opened blind ordering and plans to be officially launched within the year.

Securities Star noticed that the cumulative sales of Changan Automobile hit a new high in the first half of this year, of which the independent brand new energy increased by nearly 70% to 299,100 units year-on-year. But this is not without hidden worries. Since the "Shangri-La" plan was announced in 2017, Changan Automobile has been accelerating the pace of new energy transformation, planning to bid farewell to traditional fuel vehicles in 2025. But at present, fuel vehicles are still the keynote of Changan Automobile to maintain the market, and the sales of independent brand new energy only account for 20% of the total sales. Among the three independent new energy brands, Avita ranked last, with sales of only 29,000 units in half a year. In the face of the slow transformation, Changan Automobile has stepped up its offensive of new energy products.

Although the total sales are good, but the performance of Changan Automobile is disappointed. The company expects that the net profit attributable to the parent in the first half of this year will drop by 67.33%. What is puzzling is that the net profit after deducting non-profit in the same period last year in the performance forecast shows that it is 1.242 billion yuan, which is 267 million yuan less than the data reported in last year’s interim report. According to the data reported in last year’s interim report, the net profit of Changan Automobile after deducting non-profit in the first half of this year has declined properly.

The pace of transformation is slow

According to the data, Changan Automobile’s main business covers the R & D, manufacturing and sales of complete vehicles, as well as the R & D and production of engines. The company actively develops intelligent networked new energy vehicles, and builds five independent automobile brands: Avita, Deep Blue Automobile, Changan Qiyuan, Changan Attractive Force, and Changan Kacheng to promote the electrification transformation of independent brands. At the same time, it produces and sells joint venture brand models through joint ventures Changan Ford and Changan Mazda.

In order to better adapt to the wave of new energy, Changan Automobile announced the launch of the "Shangri-La" plan in October 2017, that is, to complete the creation of three new energy special platforms in 2020; to completely stop the sale of traditional fuel vehicles in 2025, to achieve the electrification of the whole spectrum of products, and to invest 100 billion yuan in the entire new energy vehicle field. With the acceleration of transformation, Changan Automobile has now deployed three smart electric brands: Avita, Deep Blue Automobile, and Changan Qiyuan.

In the first half of this year, Changan Automobile handed over a bright sales report card. The company’s cumulative sales in the first half of the year were 1.3341 million vehicles, an increase of 9.74% year-on-year, a new high in seven years. Among them, the cumulative sales of self-owned brand new energy in the first half of the year were 299,100 vehicles, an increase of 69.87% year-on-year.

Securities Star noticed that Changan Automobile has been developing in the field of fuel vehicles for many years, and its models are mainly fuel vehicles, and new energy vehicles have not yet formed a strong influence. According to the plan, Changan Automobile will stop selling traditional fuel vehicles next year, but the current sales of its own brand new energy account for only 22%. It can be seen that in the nearly 7 years since the "Shangri-La" plan was proposed, the development of new energy of Changan Automobile has been rather slow.

In terms of sub-brands, Changan Qiyuan delivered 73,000 vehicles in the first half of this year, Avita delivered 29,000 vehicles, and the delivery volume of dark blue vehicles increased by 96% year-on-year to 83,900 vehicles.

Avita and dark blue cars are brands built to cater to the mid-to-high-end market, but they are not as good as expected in terms of sales. In 2023, dark blue car sales will be 137,000. This year’s sales target is 280,000 domestic sales, and the global sword is 450,000. Looking at China alone, dark blue cars will double sales this year. But it has only completed about 30%, and about 33,000 cars will be sold every month in the second half of the year to complete the task.

Securities Star noticed that there were three products on sale before the dark blue car, namely the dark blue G318, the dark blue SL03 and the dark blue S7, of which the dark blue G318 was just listed in June this year. This also means that the sales responsibility for the first five months of this year is the dark blue SL03 and the dark blue S7. It is not easy to hit the annual target with only two products.

On the other hand, Avita’s sales performance has not been very good since it was delivered in December 2022. Although the sales volume in the first half of the year exceeded that of the whole of last year, the half-year completion rate was about one-third of the annual sales target, and it was also at the end of a number of new power brands.

Faced with the slow pace of transformation, Changan Automobile has started a new round of product offensive. Earlier this year, Changan Automobile declared a number of new models to MIIT in one go, of which Changan exclusive 6 models. Judging from the product launch in the second half of the year, in addition to the dark blue S07, which was officially launched on July 25, the dark blue car will launch L07 in September, and the S05 will also be launched this year. In addition, Changan Qiyuan will launch Changan Qiyuan E07 in addition to the current A05, A07, and Q05; in the second half of the year, Avita will fully enter the range extension field, and then Avita 07 will be launched, as well as a new sedan product.

Past data has changed, and sales in other sectors account for nearly 30%

2024 semi-annual performance forecast shows that Changan Automobile is expected to achieve a net profit of 2.50 billion yuan – 3.20 billion yuan in the first half of the year, a decrease of 58.19% – 67.33%; the corresponding net profit after deduction 800 million yuan – 1.50 billion yuan, an increase of -35.58% to 20.79%.

For the sharp decline in performance, Changan Automobile said that the main reason is that in 2023 Quarter 1 acquired Deep Blue Automotive Technology Co., Ltd., the original holding of its equity was re-measured at fair value to confirm non-recurring profit and loss of 5.02 billion yuan. It is reported that in 2023 Quarter 1, Changan Automobile spent 1.332 billion yuan to acquire a total of 10.34% equity of Deep Blue Automobile from Changxin Fund and Undertaking Fund, and the shareholding ratio of Deep Blue Automobile became 51%, thus forming a controlling stake.

Securities Star noted that in the first half of last year, Changan Automobile’s net profit and net profit after deducting non-profit were 7.653 billion yuan and 1.509 billion yuan respectively. The net profit after deducting non-profit shown in the performance forecast was 1.242 billion yuan, with a difference of 267 million yuan in the middle. Changan Automobile did not explain the reasons for the change in the data in the performance forecast, nor did it correct it in the previous announcement. If the data is reported in the first half of last year, Changan Automobile’s net profit after deducting non-profit in the first half of this year fell by 0.6% -46.99% year-on-year.

Due to the increase in income and decrease in profits of Changan Automobile in the first quarter of this year, the overall profit performance in the first half of the year was dragged down. The current revenue was 37.02 billion yuan, an increase of 7.14% year-on-year; the corresponding net profit attributable to the parent was 1.158 billion yuan, a decrease of 83.39%.

Fortunately, the performance has improved in the second quarter. The net profit of the parent is expected to be 13.4 to 2.04 billion yuan, an increase from the same month; the net profit after deducting non-profit is expected to be 6.9 to 1.39 billion yuan, an increase from the same month. Changan Automobile said that it is mainly due to the upward trend of the company’s brand, the optimization of product structure, and the stability of its own brand profitability; The profitability of the joint venture business has gradually improved.

In the field of joint venture brands, Changan Ford and Changan Mazda sold 19,500 and 5,500 vehicles respectively in June, both of which decreased year-on-year. However, the cumulative sales in the first half of the year still achieved growth, of which Changan Ford sold 111,600 vehicles and Changan Mazda 36,800 vehicles, an increase of 13.36% and 14.44% year-on-year respectively. During the same period, the sales of independent brands 1.1213 million vehicles, an increase of 9.88% year-on-year.

Securities Star noticed that the current support for the overall sales volume of Changan Automobile, in addition to Chongqing Changan, which accounts for the largest proportion, is the second largest other sector.

The June production and sales express shows that 375,000 of the cumulative sales of over 1.30 million vehicles in Changan Automobile came from other sectors, accounting for 28.11%, an increase of 0.48 percentage points from 27.63% in the same period last year.

It is reported that other segments of Changan Automobile include sub-segments of joint ventures such as Changan Leapfrog and Jiangling Investment. The main products of Changan Leapfrog are light trucks, minibuses, special vehicles and new energy vehicles. In addition to a few minibuses, more are freight vehicles.

In contrast, SAIC Motor Group (600104.SH), its cumulative sales volume in the first half of the year was 1.827 million, and the sales volume of other sectors was 16,800, accounting for 0.92%; GAC Group (601238.SH) sold 863,000 vehicles in the first half of the year, and other sectors recorded sales volume of 3897 vehicles, accounting for only 0.45% in the group.

Great Wall Gun 2.4T will be officially pre-sold at Beijing Auto Show, with 2.4T passenger guns and commercial guns shining swords.

  At the 2024 Beijing Auto Show, the Great Wall Cannon 2.4T, a dream car of Dali Lun, came to report for duty and was about to shine. The Great Wall Gun brand will hold a new product launch conference on April 26th. At that time, the "global high-performance pickup truck" Great Wall Gun 2.4T will be officially opened for pre-sale, and the value of pickup trucks will continue to rise.

  Global high-performance pickup truck for vehicles Let you enjoy the new experience of luxury technology

  The Great Wall vehicle gun 2.4T is positioned as a "global high-performance vehicle pickup truck", based on the tank platform and built according to the passenger car standard. It is equipped with a 2.4T diesel engine, with a maximum net power of 135kW and a peak torque of 480N·m, leading in comprehensive performance at the same level, and a 9AT transmission, which is mature and reliable in the tank platform and perfectly matched with the engine. Equipped with L2+ intelligent driving assistance level, it can realize more than 20 intelligent driving assistance functions, and the first automatic parking at the same level makes driving "easy" and safety "follow"; The cockpit is equipped with a variety of luxurious and comfortable configurations, which is more comfortable than the shoulder luxury SUV.

  Global high-performance commercial pickup truck Help you create wealth and worry-free

  Great Wall Commercial Gun 2.4T is a mature and reliable pickup truck with stronger power, lower fuel consumption. It is available in MT/AT models, equipped with a 2.4T diesel engine, with a maximum net power of 135kW. The comprehensive fuel consumption of NEDC with AT two-wheel drive is 7.9L per 100 kilometers, that of AT four-wheel drive is 8.1L, and that of MT four-wheel drive is 8.2l. It has strong power and lower fuel consumption, which helps users to forge ahead and create wealth efficiently. The size of the container is 1760*1520*540mm, and it comes standard with anti-roll frame, outer rope hook and container treasure. It has super loading capacity and unlimited modification potential, and it is efficient and adaptable to all kinds of commercial scenes, which is economical and can hold dreams.

  In addition, Great Wall pickup truck has the most complete sales service system of domestic pickup truck brands, with more than 2,000 sales service outlets, and the average service radius is less than 50km, so you can use the car with peace of mind no matter where you are.

  As the leader of pickup trucks, Great Wall pickup trucks continue to innovate in categories. At present, it has formed two categories, namely, fashion business and passenger leisure, leading the category value to jump in an all-round way. Great Wall Cannon keeps the number one in bicycle sales, with a cumulative sales volume of over 10,000 in 42 months and a global sales volume of over 560,000, which helps Great Wall pickup trucks to be the number one in 26 consecutive years, with a domestic market share of nearly 50%. For every two pickup trucks sold in China, one is Great Wall.

  This time, the passenger gun 2.4T and the commercial gun 2.4T were launched with two swords, and they made a strong debut, which will continue to expand the product matrix of the Great Wall gun, expand the diversified life for users and escort the dream of creating wealth. April 26th, so stay tuned!

Within 400,000 yuan before the subsidy, the ideal intellectual ONE was officially unveiled.

  [car home New Car Launch] On the evening of October 18th, Beijing time, (|) was officially unveiled.The official announced that the price before the subsidy was less than 400,000 yuan.The NEDC car is positioned as a medium-sized and large-scale extended-range SUV, and its whole vehicle will be built with a four-wheel drive electric platform, and through the efficient cooperation of a large-capacity battery pack and a high-power extended-range power generation system, it will provide a comprehensive cruising range of more than 700 kilometers, and the cruising range in urban conditions will exceed 1,000 kilometers. In addition, its first batch of production cars were delivered in the fourth quarter of 2019.

Home of the car

Home of the car

◆ The most noteworthy points about the ideal intelligent ONE:

1. The price before subsidy is less than 400,000 yuan, and the reservation will be opened during the Shanghai Auto Show in April 2019 and officially delivered in the fourth quarter of 2019;
2, very rich configuration, the four-screen system in the car brings a powerful intelligent experience;
3. 6-seat /7-seat layout, with independent seats in the second row;
4. Only one model is available;
5. Development based on pure tram platform.Which is equipped with a large-capacity battery pack and combined with a high-power extended-range power generation system for power supply;
6、The cruising range of comprehensive working conditions reaches 700km, and the cruising range of urban working conditions reaches 1000km;;


● New car features: innovative design.

Home of the car

  In terms of appearance, the front face of the new car adopts a large-size front grille and the interior adopts a mesh structure, which makes the overall visual effect similar to that of chain mail worn by medieval knights, and it is expected to reflect a variety of light and shadow effects in the sun. At the same time, the left and right sides of the car adopt long headlight groups, with large air intakes on both sides and penetrating trapezoidal air intakes below, which increases the overall sports atmosphere of the car.

Home of the car

Home of the car

  From the side of the car body, the new car adopts a relatively straight roof line, so it has a stretching visual effect to a certain extent, leaving a slender feeling. At the same time, the flat roof design can also provide sufficient head space to a certain extent, making the passengers in the car more comfortable. In addition, the front and rear wheel eyebrows of the new car are slightly protruding, which faintly reveals a bit of muscle texture, making the car look very dynamic. In terms of the tail, the new car uses a penetrating taillight group with a rounded rectangular license plate frame, which makes the whole look more layered.

Home of the car

  As for the interior, judging from the official interior map released before, the center console has a straight line with two colors: upper black and lower brown, and three large-size screens are placed side by side on it, which are full LCD instruments and two multimedia display screens from left to right, which are full of futuristic and technological sense. At the same time, the new car uses a three-spoke multi-function steering wheel, and a fourth screen is designed in front of the handlebar. Among them, the instrument screen, central control screen, passenger entertainment screen and vehicle control screen are 12.3 inches, 16.2 inches, 12.3 inches and 10.1 inches respectively, and they can work safely and stably at the temperature of -30℃~85℃.

Home of the car

  Intelligentization is a point that Ideal Intelligence pays great attention to when building this car. The four-screen interactive system mentioned above brings a strong sense of science and technology to the senses. The new car will also be equipped with intelligent voice control system, OTA upgrade of the whole vehicle, 4G network and applications and services that can be expanded indefinitely.

  After this information and control system, Ideal Smart ONE is equipped with dual-chip and dual-system architecture, and adopts Qualcomm Xiaolong 820A car-level chip with Android Automotive system to provide rich functions and applications. J6 chip of Texas Instruments is matched with Linux system to ensure stability and security.

Home of the car

Home of the car

Home of the car

Home of the car

"Click to view a larger image"

  The length, width and height of the new car body are 5020/1960/1760mm and the wheelbase is 2935mm respectively. It is available in 6-seat and 7-seat versions with 2+2+2 and 2+3+2 seat layouts respectively. The second row of the 6-seat version uses two independent seats, equipped with double handrails and comfortable headrest, and supports large angle adjustment. The first row of seats in the new car comes standard with seat ventilation, while the first two rows come standard with seat heating. In addition, the new car will come standard with steering wheel heating. As can be seen from the above picture, the standard configuration of production models will be very rich.

Home of the car

  It is understood that this SUV is positioned as a "smart electric vehicle without mileage anxiety" and is developed based on a pure tram platform. Different from ordinary pure electric vehicles, it is equipped with a large-capacity battery pack (battery capacity 40.6 kWh, available power 37.2 kWh) and combined with a high-power extended-range power generation system (a 1.2T three-cylinder engine), which can fundamentally eliminate the mileage anxiety of users when using pure electric vehicles. In addition, compared with our common plug-in hybrid vehicles, the driving experience retains the smoothness and quietness of pure electric vehicles because the range extender does not output power.

Home of the car

Home of the car

  In addition, the upgrade of the electronic system and electronic control system of the whole vehicle through OTA makes the self-iteration of the future vehicles possible, which is also the unique advantage of such "smart electric vehicles" compared with traditional fuel vehicles and plug-in hybrid vehicles. It is reported that the maximum cruising range of the brand-new SUV model of Che He Jia will exceed 1000 kilometers, and the cruising range of NEDC will exceed 700 kilometers. It is worth mentioning that the new car has a pure battery life of 180 kilometers.

Home of the car

  This car has three forms of energy supply: fast charging, slow charging and refueling power generation (it takes 30 minutes for 40kW DC to charge 0-80% quickly, and 6 hours for household 7kW to charge 0-100% slowly). The thermal management system can make full use of the residual heat of the range extender. In the environment of -10℃, the cruising range attenuation of the ideal intelligent ONE can be controlled at 5%, which is better than the 30% attenuation of some electric vehicles. In the environment of -20℃, the cruising range of the ideal intelligent ONE is only 7%, which makes it still have good cruising ability in winter.

Home of the car

Home of the car

Home of the car

  The power used by this car has always been a front and rear dual-drive four-wheel drive system. The comprehensive power of the motor is 326 HP and the peak torque is 530 Nm. This power system allows the new car to have an acceleration time of 0-100km/h of 6.5 seconds.

Home of the car

  Regarding the advanced assisted driving system, Li Xiang said in the dialogue that the integrated control algorithm developed by Chehe Jia for China road conditions has completed more than 400,000 kilometers of road tests, and all departments will be equipped with the LEVEL 2 advanced assisted driving system as standard, which will be done by Yihang, a startup company invested and incubated by Chehe Jia. It is reported that this system is targeted at Tesla’s Autopilot, and its suppliers include Mobileye and Bosch. In the future, the autonomous driving of L4 will be developed by the car and home owned team. At the same time, Chehejia and Didi formed a joint venture company to accumulate the operational ability of travel services.

● About cars and homes and ideals and wisdom.

Home of the car

Home of the car

"The one standing in the middle with pictures is Li Xiang"

  Chehejia was founded in July 2015. It is a new energy automobile company founded by Li Xiang, the founder of car home. The company hopes to create a brand-new business model of electric vehicles through independent research and development, independent production and independent sales and services.

Home of the car

"Ideal Intellectual Brand"

  As a brand of Chehejia-Ideality Zhizao, its English brand name is "Leading Idea", and the brand logo "Li" is inspired by the initials of the English name Leading Idea.

● Competitors/for the crowd:

Home of the car

  Because this model is special, there are no other brands on the market to launch similar models to compete with it. As for the car Ideal Smart ONE, although the car is positioned as a medium-sized and large-scale extended-range SUV, and its body length once exceeded 5 meters, because this level of market is generally occupied by joint venture brands, it will definitely be differentiated in terms of price. Market strategy, so as to open the gap with it and get more consumers’ attention and favor.

  In addition, in the classification of new energy vehicle technology in China, the positioning of the extended program is a bit special. From the classification of subsidies, the extended range and plug-in hybrid belong to the same standard, and the subsidy amount is lower than that of pure electric vehicles. In addition, different restricted cities have different policies on it. Judging from the current policy, Beijing, for example, can’t enjoy the new energy license plate policy for extended-range vehicles, and you need to use the oil vehicle index to buy it. In Shanghai, it can get the same green "Shanghai AF" new energy license plate as the plug-in hybrid model. In the "Regulations on Investment Management of Automobile Industry (Draft for Comment)" issued by the National Development and Reform Commission, it is clearly classified as an investment project of pure electric vehicles, and plug-in hybrid vehicles belong to the investment scope of fuel vehicles.

● Edit Comment:

Home of the car

  Ideal Smart ONE This car can be described as a collection of high value, high endurance, medium and large 7-seat SUV, rich technology configuration, etc. It can be said that its appearance has solved some consumers who want both value and high mileage data, so the only thing we have to wait for is the final pricing of the car. If the price is close to the people, I believe it will have excellent market performance.

  In addition, the ideal intelligent ONE model is developed based on a pure tram platform. Different from ordinary pure electric vehicles, it is equipped with a large-capacity battery pack and combined with a high-power extended-range power generation system, which can fundamentally eliminate the mileage anxiety of users when using pure electric vehicles. In addition, the engine mounted inside it only serves as a range extender to generate electricity, and then the vehicle is driven by electricity. Achieve low fuel consumption and provide pure tram driving quality without changing the traditional car habits.

Home of the car

  As an extended-range power system, I believe many netizens will be unfamiliar with this name at first sight, but they will be familiar with the representative models of this system, such as BMW i3 extended-range model, buick VELITE 5, Nissan Note e-POWER and so on. Therefore, if the car is priced close to the people in the future, I believe that the extended electric vehicle route may also set off a new wave of new energy car buying in China. (Text/car home Zhouyi)

Home of the car

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In 2023, the national per capita purchase of lottery tickets will double the sales of instant lottery tickets in 400 yuan.

On January 30th, the Ministry of Finance announced the national lottery sales in December 2023.
Data show that in December, the national lottery sales totaled 53.284 billion yuan, a year-on-year decrease of 8.565 billion yuan or 13.8%. Among them, the sales of welfare lottery institutions was 17.476 billion yuan, an increase of 5.646 billion yuan, an increase of 47.7%; The sales of sports lottery institutions reached 35.808 billion yuan, a year-on-year decrease of 14.211 billion yuan or 28.4%. Mainly due to the high base of the pulling factors of the World Cup in 2022.
From January to December, the national lottery sales totaled 579.696 billion yuan, an increase of 155.044 billion yuan or 36.5%.
According to the annual average population of China in 2023, the first financial reporter calculated that the per capita lottery amount in China in 2023 was 411 yuan.
According to the sales situation of different types of lottery tickets, from January to December, the sales of lottery digital lottery tickets reached 176.803 billion yuan, an increase of 21.385 billion yuan or 13.8%. The sales of quiz lottery tickets was 246.476 billion yuan, an increase of 65.550 billion yuan or 36.2% year-on-year; The sales of instant lottery tickets reached 119.021 billion yuan, an increase of 59.574 billion yuan or 100.2%. The sales of Keno lottery tickets reached 37.394 billion yuan, up 8.534 billion yuan or 29.6% year-on-year. From January to December, the sales volume of digital lottery, quiz, instant lottery and Keno lottery respectively accounted for 30.5%, 42.5%, 20.5% and 6.5% of the total lottery sales. Video lottery sales reached 1.53 million yuan, up 930,000 yuan year-on-year.
Among them, the performance of instant lottery tickets is very bright. Last year, the sales volume of instant lottery tickets increased by 100.2% year-on-year. Instant lottery is the "top scratch" of sports lottery and the "scratch" of Fucai. This is a very popular lottery type among young people on social networks, just like buying a blind box, you can know whether you win or not without waiting. The sense of experience and surprise given by instant lottery tickets is a key to attract young people.
The First Financial Reporter interviewed eight young people who bought lottery tickets last year at random, and most of them bought instant lottery tickets. Mr. Zhou, born in 1996, works in an enterprise in Yuexiu District, Guangzhou, and talks about the psychology of buying lottery tickets: "If you are in a good mood today, you will feel lucky. If you win a lottery ticket, it won’t cost much anyway, especially scratch music. If you are in a bad mood, buy some scratch music and decompress. "
"Scratching music is just like brushing short videos and licking melon seeds. What you want is instant happiness." Ms. Ma, a post-95 generation working in Beijing, said.
In other words, to a great extent, lottery has become a "boat ticket" to provide good luck wishes and relieve stress and anxiety. According to the 2022 Sports Lottery Customer Research Report, more than 72% of sports lottery buyers choose to buy lottery tickets because they are not simply winning, but entertaining and relaxing. Lottery, as an entertainment consumer product, is integrated into the lives of young people.
In the just-concluded 2024 Weibo Night, in the process of exchanging gifts among stars, Zhang Xiaofei gave a gift of "Scratching a Book". Lottery tickets, especially scratch music, have become social currency, such as giving lottery tickets as money when attending weddings and giving lottery bouquets to friends on their birthdays.
At the same time, in recent years, lottery agencies have actively expanded young people, and lottery shops have entered shopping malls, subways and other places, which are closer to young people. For example, many lottery shops in shopping malls are located on the dining floor, which is convenient for people to wait in line or just have a meal to experience.
By region, what is the change of lottery sales in each province in 2023? The data shows that from January to December, compared with the same period of last year, lottery sales in all provinces in China have increased, among which Guangdong, Jiangsu, Zhejiang and Shandong have increased more, increasing by 16.321 billion yuan, 12.946 billion yuan, 12.442 billion yuan and 10.832 billion yuan respectively.
The data shows that in 2023, Guangdong sold a total of 60.575 billion yuan of lottery tickets, a year-on-year increase of 36.9%, and the annual sales of lottery tickets continued to rank first in the country. Among them, the annual sales volume of Guangdong sports lottery reached 38.905 billion yuan, a year-on-year increase of 44.2%; The annual sales volume of welfare lottery reached 21.669 billion yuan, a year-on-year increase of 25.4%. Whether it is sports lottery or lottery sales, it ranks first in the country.
After Guangdong, the lottery sales in Zhejiang, Jiangsu and Shandong all exceeded 40 billion yuan last year, of which Zhejiang ranked second with 46.669 billion yuan. Jiangsu and Shandong reached 44.925 billion yuan and 40.112 billion yuan respectively, ranking third and fourth.
Last year, the lottery sales were in the 30 billion echelon in Henan, reaching 30.33 billion yuan, ranking fifth. The lottery sales of Sichuan, Hubei, Yunnan, Anhui and Hebei in 2023 were in the range of 20 billion to 30 billion, ranking six to ten.
Table: Lottery Sales of 31 Provinces in 2023 (Source: Ministry of Finance)
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