Chang’ans Profit Drops, But Sales Rise
Chang’an Motors, Chinese Car News | CCTApril 30, 20072:03 pm
From the Shanghai Daily:
CHONGQING Changan Automobile Co said first-quarter profit fell 14 percent as competition caused the companys profit margin to narrow.
Net income fell to 161.2 million yuan (US$20.9 million), or 0.1 yuan per share, by international accounting standards, from 186.4 million yuan, or 0.12 yuan, a year earlier, the Chongqing-based company said in a Shenzhen stock exchange statement yesterday.
Sales rose to 6.6 billion yuan from 5.9 billion yuan. Chongqing Changan is a partner of Ford Motor Co.
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- jackson li says:April 30, 2007 at 4:14 pm
thats not good, they need to launch those new models they have show in the autoshow into the market as soon as possible
- Bob says:April 30, 2007 at 6:19 pm
What about a sports ben ben?
- dragin says:May 2, 2007 at 9:47 pm
Being so far in the interior, the company is at a real logistics disadvantage. Upping export sales this year will help.
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