The Profit of Changan Increases by Twice in First 3 Quarters

On Oct. 14th, Changan auto announced an astonishing performance data. Compared to 15.88% decrease last year, the profit of Changan is estimated to increase by 195.45% to 208.69%, reaching 2.23 to 2.33 billion from Jan to Oct. By the end of Oct. 14th, there are 33 institutions forecasting the performance of Changan in 2013 and the net profit is estimated to reach 3.398 billion and increase by 128.02% on year-on-year basis. The earning per share is 0.71 Yuan and increases by 129.03%. The sales data of Changan auto in first 3 quarters is 1.532 million and increase by 22.8% on year-on-year basis. Changan headquarter, Changan Ford and Changan Mazda contribute most. The performance in first 3 quarters is such astonishing because of launching out new models of Maverick, Ecosport and New Mondeo.

Although the performance is quite satisfying but it may be variable by the end of 2013. The reason is the performance of Changan PSA will be calculated into Changan Auto in fourth quarter. The profit will be affected by huge investment and loss earlier. Also the increasing operating cost may also play a part.