Reports from National Auto Industry Association shows that accumulated profit margin of sixteen major automakers in China reached 12.754 billion yuan in the first quarter, up 69.9% y-o-y. Except Changhe Automobile, all the fifteen auto enterprises have made a profit.
Operating profit of the sixteen major automakers increased by 36.61% y-o-y to 229.803 billion yuan, leaded by Geely Automobile with an increase rate of 194.16% y-o-y. Operating profit of National Heavy Duty Truck Group Corp (CNHTC), Brilliance Automobile, Guangzhou Automobile Group, FAW Group Corporation, Southeast Motor and Chery Automobile have surged by 87.02%, 79.13%, 76.13%, 62.73%, 55.45% and 53.65%, respectively; Operating profit of Anhui Jianghuai Automobile, SAIC as well as Dongfeng Motor Corporation have also climbed 27.68%, 25.47% and 19.24% while Hafei Automobile and Changhe Automobile saw a slight profit drop of 0.60% and 1.07%.
Profit increasing rate of Geely Automobile, CNHTC and Chery Automobile were up 2891.62%, 545.14% and 410.68%. Brilliance Automobile, Nanjing Automobile Corp and Southeast Motor have recently turned into a profit and Changhe Automobile lost less money in March than before.
