Jianghuai sedan sales skyrocketed in Sept

Chinese private automaker Anhui Jianghuai Automobile Co., Ltd. (JAC) made and sold 6,560 and 6,294 sedans in September, skyrocketing 1,900% and 1,087.55% from a year earlier, respectively.
 
Its new business, the sedan operation, contributed a lot to the cheerful performance, and the company also witnessed a robust growth in its conventional MPV and light truck businesses. Total MPV output and sales volume separately surged 62% year on year to 5,091 and 4,924.

In addition, up to 21,047 light trucks were yielded by JAC, with a 179% soar, and total sales volume largely grew 138% to 17,006.

In the first half of 2009, JAC gained operating revenue of CNY 9.324 billion, up 1.88%, and net profit of CNY 114 million, down 31.68%. Earnings per share (EPS) stood at CNY 0.09.

In spite of such a better-than-expected performance, Singapore's Halton Investment Pte. Ltd. cut its holdings in the Chinese automaker.

From August 4 to October 13, 2009, the foreign shareholder sold more than 67 million JAC shares, accounting for 5.21% of the latter's total capital stock.