Net Profits for China Auto Makers up 45% in Q3
2010-11-24 Source：www.chinabuses.org
www.chinabuses.org: Based on statistics for twenty-one listed car makers which have published their financial announcements, the total operation revenues amounted to 149,228,000,000 yuan (22,469,020,000 USD), up 55.10% over last year with net profit up 44.88%, while the net profit ratio decreased over last year.
Main bus builders without business on cars and trucks include Yutong, Shuguang (Huanghai Bus), Ankai Bus, Zhongtong Bus, Kinglong Bus and Yaxing Bus. Apart from Yutong and Huanghai Bus, net profits for the four bus builders are about 1%-2%. Net profits for Ankai Bus, Zhongtong Bus, and Kinglong Bus are 1.5%-2%. And net profits for Yutong Bus and Huanghai Bus were over 5%.
Apart from their generally low net profit, operation revenues of some bus builders reduced to some extent. Operation revenues of Zhongtong Bus and Yaxing Bus decreased by 11.4% and 11.9%, so did Shuguang Group, down 5.9%. Although operation revenues of Ankai Bus increased by 9.8%, its net profits decreased by 26.8%.
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