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Net profits of Chinese public-listed automakers up 17.1 percent in H1

BEIJING – Net profits of 24 Chinese public-listed automakers increased by 17.1 percent year-on-year to a total of ¥23.89 billion ($3.9 billion) in the first half of this year, with revenues reaching ¥500.557 billion, up 16.4 percent, thanks to the recovery of overall automotive market, according to a recent report on Gasgoo.com.

Their average profit ratio rose slightly to 4.8 percent compared to the same period of last year.

Among these 24 automakers, SAIC remained the No. 1 position with net profit of ¥11.466 billion, up 6.3 percent from the same period of last year. Its revenues in the first six months of the year came to ¥280.92 billion, up 19.3 percent.

Through June, BYD achieved the highest growth rate of 2,524.2 percent in net profit year-on-year, and its revenues also increased by 13.3 percent to ¥24.243 billion.

Financial performance of 24 Chinese listed automakers in H1 2013

Automaker

Revenues (¥ billion)

% Change

Net Profit (¥ billion)

% Change

SAIC

280.928

19.3

11.466

6.3

Great Wall

26.417

44.5

4.087

73.7

Geely

14.855

32.9

1.398

37.2

Chang’an

19.751

40.6

1.331

133.5

GAC

8.247

50.4

1.218

-17.8

JMC

9.671

10.9

0.938

11.4

Yutong Bus

9.664

16.5

0.632

7.2

FAW Car

13.44

8.4

0.627

N/A

JAC

17.993

21.2

0.52

62.6

BYD

24.243

13.3

0.427

2524.2

Foton

17.96

-31.6

0.408

-77.8

CNHTC

10.272

-3

0.185

370.5

Lifan

4.67

16

0.177

-9.9

CAMC

3.756

57.9

0.168

51.7

Haima

4.916

15.2

0.121

106.4

Kinglong

9.898

16.6

0.063

6.6

Zhongtong

1.56

21.4

0.045

71.6

Dongfeng

10.079

1.2

0.043

-54.9

Jinbei Auto

2.847

25.3

0.033

95.9

Ankai Bus

2.056

40.5

0.025

60.8

SG Auto

2.36

-16.4

0.025

389.5

FAW-Xiali

3.065

-24.2

0.005

-94.9

Yaxing Bus

0.499

5.5

-0.022

N/A

Heibao Auto

1.409

-9.3

-0.031

N/A

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