China Dongfeng Automobile net profit up 79% last year
Updated: 2011-03-26 11:40
BEIJING - China's Dongfeng Automobile, the listed arm of Dongfeng Motor Company, said Saturday its net profit in 2010 surged 79.54 percent year on year on robust auto sales.
The Shanghai-listed company, based in Wuhan city in central China's Hubei province, saw net profit reach 570.82 million yuan last year, compared to 317.94 million yuan in 2009, according to the company's annual business report filed with the Shanghai Stock Exchange.
Earnings per share stood at 0.2854 yuan, up 79.54 percent.
Vehicle sales of the company topped 300,000 units in 2010, up 44.8 percent, along with the fast auto sales growth in China, the world's largest car market with vehicle sales up more than 32 percent to top 18 million units last year.
Dongfeng Motor Corp, one of Dongfeng Automobile's major controlling shareholders, sold 2.7248 million vehicles in 2010, ranking second in sales volume in the Chinese auto market.
Tony blair believes China will take a leading role to fight climate change and cut emissions.
Foreign readers are invited to share your China stories.
The new stars of Chinese animation are edging out old childhood icons like Mickey Mouse and Hello Kitty.
Daughter and son are beginning to take over the family business of making shoes.