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 |