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By Rong Xiandong (chinadaily.com.cn)
Updated: 2007-08-14 17:10

Related readings:  Auto sales, output soar over 20% in 1st 7 months  Used car sales set to accelerate  Passenger vehicle sales rise 24% in 1st 7 months  Strong vehicle sales drive up profits by 66%

As for revenue, Guangzhou Auto, South East (Fujian) Motor Co, Chery and Brilliance all experienced rises of more than 50 percent, while others including Geely, Jianghuai, Changan and SAIC also saw increases.

Zhu Yiping, spokeswoman for the association, pointed to booming national economy as well as improved management, decreased expenditures, and faster revenue growth compared to costs for automakers as contributors to profit and revenue increases.

In contrast to the uptrend in the industry, the profit of Geely, a private carmaker that had been growing rapidly, dropped for the first time, and that of Nanjing Automobile (Group) Corp and Hafei slumped 12.50 and 19.34 percent respectively due to sluggish sedan sales.

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