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Article: CHINESE CARMAKERS PREDICTED TO MAKE MONEY IN H2
- Article from:
- AsiaInfo Services
- Article date:
- September 4, 2009
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AsiaInfo Services
09-04-2009
Chinese Carmakers Predicted to Make Money in H2
BEIJING, Sep 04, 2009 (SinoCast Daily Business Beat via COMTEX) -- Most of the listed Chinese complete vehicle makers witnessed sliding profits in the first six months. However, analysts point out that their profit drop has further narrowed since the second quarter, indicating they will earn good money in the second half year.
In the passenger car field, Anhui Jianghuai Automobile Co., Ltd. (JAC and SHSE: 600418) sold 6.1 million vehicles in the first half of 2009, rising 17.69%. Its operating revenues reached CNY 9.324 billion, climbing 1.8%. However, the company's new car models have not generated many proceeds, ...