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Chinese own brand manufacturers see net profits fall in first half of 2012

Gasgoo.com (Shanghai July 23) - Performance reviews reveal that the first half of the year has been especially tough for domestic Chinese own brand manufacturers. According to a report appearing in the Securities Daily today, the majority of own brands announcing negative growth in their net profits for the first half of the year, with FAW Car going as far as reporting a 75 million yuan ($119.07m) deficit, equivalent to a year-on-year decrease of over 35 percent.

Aug. 18 , 2012