Top 10 most profitable auto companies
- By Xu Lin
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E-mail China.org.cn, June 4, 2013
China Economic Weekly has released the latest ranking of China's most profitable A-share auto companies. SAIC Motor Corp.Ltd. is the biggest winner, with a net profit of 33.53 billion yuan (US$5.47 billion).
The performance of the auto industry remained generally steady in 2012. Despite the fact that SAIC Motor's net profit dropped slightly, it still led the industry. Great Wall Motors Co., Ltd., with an increase of 63 percent in net profit, ranked 2nd compared to 5th in the previous year.
Guangzhou Automobile Group Co., Ltd. (GAC) and BYD Co., Ltd., which respectively ranked 4th and 7th in 2011, were no longer part of the top 10.
The following are China's top 10 most profitable A-share auto companies in 2012.
Jiangsu Yueda Investment Co., Ltd.（悦达投资）
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Jiangsu Yueda Investment Co., Ltd. [sh-huagui.com] |
Stock code: 600805.SH
Net profit:1.2 billion yuan (US$195.69 million)
Time of listing: Jan. 3, 1994
Headquarters: Yancheng, Jiangsu Province
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