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          China's Changan posts soaring net profit in 2009
          


          (Xinhua)
          
 Updated: 2010-03-10 16:29
          


          


          

          



 

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          Chongqing Changan Automobile Co, Ltd (Changan), one of China's biggest carmakers, Tuesday reported its net profit surged by 4,323.36 percent last year.
          


          

          

          

          


          


          


          


          


          
Special Coverage:
          2009 Annual Reports of Listed Companies
          

          
Related readings:
          China's Changan posts soaring net profit in 2009 Major Chinese carmakers' 2009 pre-tax profit up 68%
          China's Changan posts soaring net profit in 2009 Ford's China car JV sales up 55% in 2009
          China's Changan posts soaring net profit in 2009 Ford's China car JV sales up 55% in 2009
          China's Changan posts soaring net profit in 2009           Changan Auto takes over AVIC's auto business
          In its annual business report filed to the Shenzhen Stock Exchange, the Chongqing-based company said its net profit for 2009 hit 1.08 billion yuan ($158 million). The earnings per share stood at 0.46 yuan, up 4,500 percent year-on-year.
          


          The increase in sales was driven by the country's car boom, according to the report. Changan is a China partner of Ford Motor Co and Mazda Motor Corp of Japan.
          


          Shares of Changan opened up at 12.93 yuan Tuesday compared with 12.64 yuan at the previous closing on the profit figures. 
          

          



 

          

          



 



 

          

          



 

          


 

          
           



          


 

          


          


 

          


          




          


          

          





          

          





          


 

          


          


 

          


          


 

          


          


 

          


          

          

          
           
          

          










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