男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

Top Biz News

Shanghai Auto Q1 profit surges fourfold

(Bloomberg)
Updated: 2007-04-28 14:05
Large Medium Small

ShanghaiAutomotive Co., China's largest carmaker, said first-quarter profit more than quadrupled, after it bought stakes in ventures with General Motors Corp. and Volkswagen AG from its parent.

Net income rose to 1.16 billion yuan ($150 million), or 0.18 yuan per share, from a restated 245.6 million yuan, or 0.08 yuan per share, a year earlier, the company said in a statement to theShanghai Stock Exchangetoday. Sales increased to 25.5 billion yuan from a restated 1.08 billion yuan, based on Chinese accounting standards.

ShanghaiAuto shifted its focus to car assembly from auto parts through a 19.1 billion yuan asset swap with its parent in December. The company acquired stakes in ventures with General Motors Corp. and Volkswagen AG, giving it direct access to the world's fastest-growing vehicle market.

SAIC Motor Corp. and Shanghai Auto plan to boost sales by more than 15 percent this year, beating the estimated industry average, according to company President Chen Hong. The parent sold 1.34 million vehicles in 2006, surpassing China FAW Group Corp. to become China's largest automaker.

The company's shares fell 2.4 percent to 14.16 yuan in Shanghai yesterday. The stock has surged almost fourfold in the past 12 months.

GM's two joint ventures with Shanghai Auto sold 26 percent more vehicles, or 272,911 units, in the first quarter, helped by its best-selling model Excelle sedans, according to the China Association of Automobile Manufacturers.

Sales Goal

GM expanded its market share in China to 13.9 percent in the first quarter from 13.5 percent a year ago. The U.S. automaker plans to introduce about 10 new or revamped models in China this year to help it meet a 2007 sales target of "close to 1 million units" in the country.

Shanghai Auto's venture with Volkswagen, Europe's largest carmaker, sold 97,385 cars in the first three months, an increase of 56 percent from a year earlier, according to the auto association's statistics. Volkswagen aims to introduce as many as 14 new models in the country by 2009.

China's economy grew 10.7 percent last year, the fastest rate in 11 years, boosting auto sales. Vehicle sales may rise to 9 million by 2010, according to theNational Development and Reform Commission. Sales last year were 7.22 million.

Sales of the company's first self-branded sedan, the Roewe 750, exceeded 7,000 units by April 20, according to Hu Maoyuan, chairman of Shanghai Auto. The Roewe is based on design rights bought from the bankrupt British automaker MG Rover Group Ltd.

SAIC Motor received 3.28 billion shares from Shanghai Auto in November in exchange for stakes in 11 auto ventures, three parts-makers and an auto finance company. Its stake in Shanghai Auto rose to 84 percent through the deal. Shanghai Auto booked profits from the ventures in the last two months of 2006.

分享按鈕
主站蜘蛛池模板: 台江县| 保靖县| 浏阳市| 大名县| 阜新市| 定襄县| 楚雄市| 新民市| 县级市| 梧州市| 开封市| 仁化县| 康定县| 靖远县| 广宁县| 夏邑县| 谷城县| 镇安县| 社会| 清丰县| 湖州市| 贡山| 三都| 阳信县| 宣威市| 重庆市| 崇阳县| 东乡| 清徐县| 泰宁县| 竹山县| 安徽省| 故城县| 龙门县| 昭觉县| 侯马市| 南丹县| 应用必备| 开封市| 永丰县| 潞西市| 莎车县| 郎溪县| 武强县| 白山市| 定结县| 大石桥市| 吉木萨尔县| 开封县| 壶关县| 姚安县| 梅河口市| 田阳县| 阿拉善右旗| 博野县| 紫金县| 扶绥县| 文安县| 慈溪市| 定远县| 黑河市| 乡宁县| 六枝特区| 句容市| 凤城市| 河源市| 静乐县| 潞西市| 旬阳县| 洛宁县| 新蔡县| 华池县| 民乐县| 高碑店市| 望都县| 个旧市| 晴隆县| 兴仁县| 齐河县| 和政县| 衢州市| 雷州市|