Summary: Business returns for listed Chinese automobile enterprises in 2011

Gasgoo.com (Shanghai) - According to statistics collected by Gasgoo.com (Chinese), China's 24 publicly listed automobile enterprises earned a total of 843.67 billion yuan ($133.3b) in combined business returns last year, growing ten percent from 2010. Combined returns from the top ten enterprises equaled 720.94 billion yuan ($113.91b), constituting 85.5 percent of that amount.

The top ten enterprises–SAIC, Foton, BYD, FAW Car, JAC, Great Wall, Great Wall, Changan, Sinotruck, Dongfeng and Geely–all earned at least 20 billion yuan ($3.16b) in business returns. While those ten companies remained the same from 2010 to 2011, their placement changed, with JAC, Great Wall and Dongfeng all moving up the charts, while Changan, Sinotruck and Geely moved down.

Among the top ten, Great Wall's returns grew the quickest, increasing 30.9 percent to over 30 billion yuan ($4.75b). SAIC's returns increased almost 19 percent, finishing at 434.8 billion yuan ($68.7b). Dongfeng, Geely and JAC all managed year-on-year growth rates in the single digits.

Meanwhile, Foton, BYD, FAW Car, Changan and Sinotruck all saw their returns decrease from 2010 to 2011. Changan saw the greatest fall in returns, dropping a full 20.8 percent to 26.55 billion yuan ($4.19b). The Chongqing-based manufacturer was followed by FAW Car and Sinotruck, whose returns fell 12.6 percent and 9.8 percent, respectively. Foton and BYD's returns decreased only slightly over the year.

Yutong, Lifan, GAC and Yaxing's returns also increased respectable amounts last year, with all of them managing to achieve year-on-year growth rates of over 20 percent. Meanwhile, Anhui-based Hualing Xingma's returns fell 15.3 percent, making it the only enterprise outside of the top ten to experience negative growth.