Home / Business / Auto Tools: Save | Print | E-mail | Most Read | Comment
Dongfeng sees profit growth slow in H1
Adjust font size:  ZoomIn ZoomOut

Dongfeng Motor Group Co posted slower profit growth in the first half of this year as commercial vehicle sales suffered due to the weak macro economy.

Net income of the nation's third-largest auto company rose 5 percent to 2.6 billion yuan (US$381 million) for the first six months, compared to 2.47 billion yuan a year earlier, Dongfeng said in a filing to the Hong Kong Stock Exchange yesterday.

Revenue increased 3 percent on year to 39.05 billion yuan.

Although Dongfeng's profit improved as government stimulus measures spurred vehicle demand, the growth was slower than the 7.2 percent increase for last year and below the 27 percent jump in the first half of 2008.

Shares of Dongfeng dropped 5.18 percent to HK$8.6 (US$1.1) yesterday.

China's industrywide auto sales gained 17 percent on year in the first half of this year. The gain came after the central government lowered vehicle taxes and offered financial subsidies to rev up the slumping auto market that was hit hard by the global financial crisis.

Dongfeng, the Chinese partner of Honda Motor Corp and Nissan Motor Corp, sold 610,000 vehicles in China from January to June, an increase of 4 percent year on year.

Passenger car sales rose 23 percent on year while the commercial vehicle segment witnessed a 27.5 percent slump during the same period.

"Although commercial vehicles sales dropped due to a number of factors, the month-on-month decline narrowed," Xu Ping, chairman of Dongfeng, said in the report.

Industry analysts expect Dongfeng to further improve profitability in the second half as sales of commercial vehicles are expected to rebound as the economy strengthens.

(Shanghai Daily August 26, 2009)

Tools: Save | Print | E-mail | Most Read Bookmark and Share
Comment
Pet Name
Anonymous
China Archives
Related >>
- Dongfeng Motor JV with Nissan to expand plant
- Thaworn drives to record total at Dongfeng Nissan Open
- Dongfeng Motor to recall 153,065 defective sedans
- Incentives fail to bolster Dongfeng sales
June 7 Tokyo 2nd China-Japan High-Level Economic Dialogu

June 30 Shanghai 2009 Automotive Engine Technology Seminar

September 8-12 Xiamen China Int'l Fair for Investment and Trade
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 免费看欧美一级特黄a大片一| 国产福利永久在线视频无毒不卡| 中文字幕不卡高清免费| 极品虎白女在线观看一线天| 亚洲欧美日韩精品专区| 狼友av永久网站免费观看| 午夜成人免费视频| 色婷婷综合在线| 国产在线高清精品二区色五郎| 浮力影院亚洲国产第一页| 在线天堂中文www官网| xxxx性开放xxxx| 成人在线第一页| 久久中文字幕人妻丝袜| 日韩精品国产自在久久现线拍| 亚洲午夜久久久精品电影院| 欧美综合在线视频| 亚洲色欲久久久综合网东京热| 稚嫩进出嗯啊湿透公交车漫画 | 天堂俺去俺来也www久久婷婷| 一本到在线观看视频| 成人嘿嘿视频网站在线| 丰满妇女做a级毛片免费观看| 日本人成18在线播放| 久久电影www成人网| 日韩美aaa特级毛片| 乱人伦精品视频在线观看| 欧洲97色综合成人网| 亚洲中文字幕久久精品无码喷水 | 美国式禁忌免费看| 国产一二三区在线观看| 蜜桃视频无码区在线观看| 国产免费av一区二区三区| 风间由美中出黑人| 国产性猛交xx乱| 黄页网站在线视频免费| 国产成人教育视频在线观看 | 久久精品国产亚洲AV蜜臀色欲| 日韩美一区二区| 久久综合狠狠综合久久综合88| 欢愉电影完整版免费观看中字|