Changfeng Motors’ H1 net profit up 156.69% y/y

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Hunan Changfeng Motors (600991) reported first half revenue and net profit attributable to shareholders grew 43.44 percent year-on-year and 156.69 percent year-on-year to 3.25 billion yuan and 138.13 million yuan for EPS of 0.27 yuan, according to a company filing.

Hunan Changfeng Motors incurred a loss of 1.99 million yuan on the disposal of non-current assets in the first half of 2010, but received 1.34 million yuan in government subsidies.
 

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