BIZCHINA> Reports
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BIZCHINA> Reports
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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. ...... The full text is available in the September Issue ofAutoChina. (For more biz stories, please visit Industries)
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