Domestic Car Prices In 2010 Is Expected To Grow By More Than 20% Of Profits
Domestic Car Prices In 2010 Is Expected To Grow By More Than 20% Of Profits
jekky
Substantial increase in domestic car prices and profit last yearProfits will increase in 2010 is expected to more than 20%Morning News (Xinhua Liu Xiaolin) a few days ago, the domestic automobile leading enterprises and the Chang’an Automobile Shanghai Automobile, FAW Xiali and other car firms have released the 2009 Yejiyuzeng Notice: Due to the substantial increase car sales, net profit increased by Shanghai Automotive 900% over net profit of Chongqing Changan Automobile was as high as 4207%. One political expert analysts believe that 2010 will further enhance the profitability Qichechanneng, expects its growth rate will exceed 20%.Tianjin FAW Xiali recent announcement that benefit from the domestic small-displacement car policy, a substantial increase in 2009 net profit is expected to increase to more than 50% year on year.Xiali, said the company expects net profit last year, the total will reach 160 million to 185 million yuan. In 2008 compared with net profit of 100 million yuan, an increase would be between 50% to 100%.In this regard, Tianjin FAW construed as a company and its shares in Tianjin FAW Toyota Motor seize the country launched a series of policies to support the development of the automotive industry, automotive market continues selling good opportunity is greater production and sales growth. In 2009, FAW Xiali cumulative sales 212.2 thousand, an increase of 20%; FAW Toyota’s cumulative sales of 440,000, year on year increase of 26%.Great Wall Motor has also said that as the increase in car sales is expected in 2009 net profit will grow 50% over the previous year, to 2008 net profit of 5.13 million dollars, Great Wall Motor net profit in fiscal 2009 will be at least 770 million yuan.In addition, the performance of commercial vehicles in the Jiangling Motor Express show that in 2009 net profit of more than 1 billion yuan, an increase of nearly 35%. JAC’s performance newsletter that its 2009 net profit rose 4.5-fold, indicating that its car project has been dragged down by the situation has been completely reversed, and cars have begun to bring to the company net income; while the largest domestic listed company Shanghai Automotive Automotive, expected 2009 profits made by increase of 9 times higher than in 2008; Another mini-car Changan Automotive Group, achieved in 2009 after the merger and reorganization, profit more than 1 billion yuan, up by 2008, 2,400 million, an increase of 40 times more above.Although to some extent last year, overdraft this year’s sales, but the experts are still optimistic about this year’s auto market trends. Golden State Securities in 2010 the automotive industry research report pointed out that the higher capacity utilization in the circumstances, the next four-quarter earnings will be maintained at high levels, so that the cumulative benefits will lead to profitability in 2010 compared with 2009 have more big promotion, the company’s analysts believe that, even in the case of slower demand in 2010, the industry’s profit growth will exceed 20%.
I am an expert from China Manufacturers, usually analyzes all kind of industries situation, such as wireless fm microphone, wireless handheld microphone.
| View all items... | (Powered by: WP Amazon Ads) |