Market & Industry
Great Wall Motor logs double-digit growth in 2020 net profit
Great Wall Motor logs double-digit growth in 2020 net profit

According to GWM’s 2020 financial results, its full-year net profit attributable to shareholders reached 5.362 billion yuan ($816.519 billion), up by 19.25% from the previous year.

Mar. 31 , 2021
JAC Group announces 34.52% year-on-year jump in 2020 net profit
JAC Group announces 34.52% year-on-year jump in 2020 net profit

JAC Group’s financial results show that the company gained 142.613 million yuan ($21.736 million) in annual net profit attributable to shareholders for the year of 2020, jumping 34.52% year on year.

Mar. 30 , 2021
BYD boasts 162.27% year-on-year hike in 2020 net profit
BYD boasts 162.27% year-on-year hike in 2020 net profit

BYD Company Limited (BYD) saw its annual revenue jump 22.59% year on year to roughly 156.598 billion yuan ($23.867 billion) in 2020, according to the financial results the company released on March 29.

Mar. 30 , 2021
NIO to suspend car production for 5 workdays due to semiconductor shortage
NIO to suspend car production for 5 workdays due to semiconductor shortage

Chinese EV startup NIO announced on March 26 that it decided to suspend the vehicle production in the Hefei-based JAC-NIO manufacturing plant for five workings days from March 29, 2021 because of the shortage of semicondutors.

Mar. 26 , 2021
GAC Group sees net profit in 2020 drop 9.85% year on year
GAC Group sees net profit in 2020 drop 9.85% year on year

GAC Group gained 63.157 billion yuan ($9.657 billion) in the gross revenue for the year of 2020, posting a year-on-year growth of 5.88%, according to the annual financial results released on Thursday.

Mar. 26 , 2021
SAIC Motor posts 20.2% YoY drop in 2020 net profit
SAIC Motor posts 20.2% YoY drop in 2020 net profit

SAIC Motor announced on Thursday its revenue in 2020 dropped 12.52% year on year to roughly 723.043 billion yuan ($110.56 billion), while the full-year net profit attributable to shareholders fell 20.2% to 20.431 billion yuan ($3.124 billion).

Mar. 25 , 2021