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Listed auto companies perform well

By Shangguan Zhoudong (chinadaily.com.cn)
Updated: 2006-09-27 09:20

Fifty listed auto companies including Zhengzhou Yutong Bus Co Ltd and FAW Car Co Ltd recorded 3.362 billion yuan (US$424.26 million) in profits in the first half of this year, up 16.76 percent from 2.88 billion yuan (US$363.45 million) of the same period last year.

Nine listed auto companies (six complete vehicle companies and three auto parts companies) recorded 381 million yuan (US$48.08 million) in losses in the first half of the year.

Shenyang Jinbei Automotive Co Ltd, Songliao Automobile Co Ltd, Yueyang Hengli Air-Cool Group and Guangzhou Oriental Baolong Automotive Industry Co Ltd incurred losses for the second consecutive year.

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The full text is available in the September Issue ofAutoChina.