Great Wall most profitable independent manufacturer

Gasgoo.com (Shanghai May 10) - Great Wall Motor was China's most profitable privately-owned independent automobile manufacturer to be listed on the stock exchange last year, the Beijing Post reported today. The Hebei-based manufacturer led rival private enterprises Geely, BYD and JAC Motor in a recently released list of top manufacturers.

Great Wall's total sales last year amounted to 22.18 billion yuan ($3.42b), growing 163 percent from 2009 and bringing the manufacturer a net profit of 2.7 billion yuan ($416m). Second and third place entries BYD and Geely had reported net profits of 2.52 billion yuan ($388.3m) and 1.37 billion yuan ($211.1m), respectively. The smaller JAC Motors, while not placing as high, experienced dramatic growth of over 240 percent. Chery Automobile was not listed on the listed since it is currently not open for public trade.