China's auto industry profit growth rate exceeded that of output for the first time

The latest data show that in 2006 China's auto industry profit growth rate was 44%. Auto industry output growth rate was 27.6%.it is the first time that profits growth rate exceeded the output growth rate.

China auto industry output increased 14% in 2005, while profit declined by 38%.

According to statistics, in 2006 China's automobile industry achieved a total profit of 70 billion yuan. 14 key enterprises realized profits of 33 billion yuan, accounting for nearly 50% of total profits. In addition, key auto enterprises profit growth rate reached 48%, higher than the industry average growth rates.

These data suggest that these key auto enterprises have maintained a good development momentum, the scale and competitive edge of China's automobile industry is continuously upgrading.