Jilin's auto parts output value rises 28% in '08

Shanghai, February 4 (Gasgoo.com) The output value of the auto parts industry in Northeast China's Jilin province, home to Chinese auto giant FAW Group, rose by nearly 28 percent despite a slowdown in exports of auto parts.

Total auto parts output value of the province hit 55.17 billion yuan ($8.08 bln) in 2008, up 27.7 percent from a year earlier; total sales revenue rose 26.4 percent year on year to 46 billion yuan.

Last year, the total profit margin in Jilin rose 45 percent year on year to 3.3 billion yuan while export delivery value for the whole year rose 15.2 percent year on year to 650 million yuan.

Exporters of car components have nonetheless been hit by slowing demand from overseas markets and the fluctuations of exchange rates. In 2008, auto parts orders worth above $60 million decreased.