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Net profits of Chinese public-listed automakers up 26.5 percent in Q1 2014

BEIJING – Combined net profits of 23 Chinese public-listed automakers rose 26.5 percent on a yearly basis to ¥13.72 billion ($2.195 billion) in the first quarter of 2014, reported by Gasgoo.com recently.

SAIC took the No.1 position by the net profit of ¥6.98 billion up 12.6 percent, followed by Great Wall and Chang’an.

Zhongtong Bus during the quarter achieved the highest growth rate of 1,427 percent at net profit.

Net profits of 23 China’s listed automakers in Q1 2014

Automaker

Net Profit (¥ million)

% Change (YOY)

SAIC

6,980.24

12.6

Great Wall

2,005.42

5.8

Chang’an

1,972.66

259.5

GAC

849.21

77.6

JMC

598.65

19.8

Yutong Bus

283.09

6.6

FAW Car

265.46

-25.5

JAC

260.4

25.1

Foton

216.36

13.6

Zhongtong

186.92

1,427

Lifan

116.21

42.5

CNHTC

92.63

393.3

Haima

58.86

98

CAMC

47.49

-26.2

Dongfeng

35.99

N/A

Kinglong

13.57

9.3

BYD

11.97

-89.4

Ankai Bus

4.84

-22.1

Jinbei Auto

1.56

-24.2

Heibao Auto

-25.7

N/A

SG Auto

-27.06

N/A

Yaxing Bus

-27.66

N/A

FAW-Xiali

-201.92

N/A

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