Up to now, a total of four automakers have released a semi-annual fiscal report, including Changan Automobile, Great Wall Motors, Jianghuai Automobile and FAW Xiali. Among these China’s domestic automobile enterprises, who have published half year financial report, Changan Automobile achieved the highest net profit growth, with an expected increase of 35.06 to 43.33 percent. On the other hand, FAW Xiali held a deficit of about 500 million to 570 million yuan in the first half, falling 14.6 to 30.7 percent compared with the losses of the same period of last year.

Changan Automobile
Changan Automobile is expected to achieve the net profit attributable to shareholders of listed companies in the first half of 4.9 billion to 5.2 billion yuan, an increase of 35.06 to 43.33 percent on a year-on-year basis.

According to the company’s fiscal report, the marketing revenue growth was mainly contributed by the enlarged scale of production and marketing. The growh of net profit assigned to shareholders of listed companies was owing to venture investment income expansion.

Great Wall Motors
According to Great Wall Motors 2015 first-half result, the automaker managed to increase revenue by 30.1 percent from 28.527 billion yuan in the same period last year to 37.115 billion yuan. Operating profit was 5.846 billion yuan, an increase of 24.42 percent compared with 4.699 billion yuan of a year earlier. Net profit belonging to the shareholders of the listed company was 4.901 billion yuan, increasing 23.95 percent from 3.954 billion yuan of a year earlier.

Great Wall Automobile sales growth comes from the rise in SUV sales in the first half, which have prompted the company's total revenue and net profit growth. Great Wall Motors ranks seventh in the automotive industry in the first half sales, with 4,153 vehicles, an increase of 19.56 percent compared with a year earlier.

Jianghuai Automobile
Jianghuai Automobile reported the first half net profit of 537 million yuan, up by as much as 31.79 percent on a year-on-year basis.
 
According to first-half vehicle sales data, cumulative sales of the automaker reached 160,100 units, an increase of 1.02 times compared with the same period of last year.

JAC’s achievement is partly contributed by the hot sell of the newly launched SUV Refine S3, which sold in the first half 91,856 units, surging 8.90 times than the same period of last year. With the new Refine S5 successful listing as well as S2, the company has further completed its SUV product line.

FAW Xiali
But, FAW Xiali suffered losses up to 500 million to 570 million yuan in the meanwhile, falling 14.6 to 30.7 percent compared with a loss of 436 million yuan in the same period a year earlier. The company will probably suffer loss expanding to almost 30 percent. Under the ST stocks system, Faw xiali 2015 will be delisted by force if losses continues at the end of 2015.

Source:Gasgoo