国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

BIZCHINA> 2006 Review
Auto industry profits rise 46%
By Gong Zhengzheng (China Daily)
Updated: 2007-03-14 11:24

 

Boosted by buoyant sales, China's auto sector reported a surprisingly sharp rebound in profits for 2006, according to industry reports, but the pace is predicted to slow this year.

 

Combined profits for the industry, including vehicles, engines, spare parts and motorcycles, jumped by 46 percent to 76.8 billion yuan last year, according to statistics from the China Association of Automobile Manufacturers.

 

The robust growth beat the estimates of most analysts, who predicted the sector's 2006 profits would rise about 20 percent.

 

Strong overall performance last year came after two consecutive years of profit decreases due to slowing sales, rising costs and heated price wars in the domestic car market.

 

Profits of the sector fell by 24.3 percent in 2005 and 5.2 percent in 2004.

 

Vehicle manufacturing, the top profit center for the entire auto sector, earned 34.2 billion yuan last year, a surge of 47.7 percent, according to the year- end report.

 

Song Bingshen, an analyst with CITIC China Securities Co, attributed the hefty profits last year to stronger-than-expected vehicle sales and record introduction of new models.

 

Sales of China-made vehicles climbed 25 percent to 7.22 million units last year, which enabled the country to surpass Japan as the world's second-largest vehicle market. The increase was up from 13.5 percent in 2005.

 

"Car price cuts failed to squeeze profits last year as most reductions were on older models," Song said. "Carmakers launched many new products which contributed significantly to their sales," Song said.

 

However, analysts anticipate the sector's profit growth this year will decelerate as a result of slower vehicle sales and bigger price reductions.

 

Song said the industry is expected to register profit growth of 15 percent this year, while vehicle sales are expected to rise by 20 percent.

 

Hua Xue, president of cheshi.com.cn, a Beijing-based website for online car sales and price tracking nationwide, said prices will fall by more than 6 percent this year.

 

"Many carmakers have set lofty sales goals this year inspired by strong performance last year," Hua said. "But the market will not grow as fast as they expect."

 

"They will have to cut prices, especially in the low and medium segment, to achieve their targets," he said.

 

 

 


(For more biz stories, please visit Industries)
灵石县| 新宁县| 洛阳市| 怀集县| 武宣县| 伊川县| 准格尔旗| 新乡县| 普陀区| 石楼县| 萨嘎县| 灵川县| 长海县| 平利县| 巴东县| 锡林郭勒盟| 灵寿县| 来宾市| 榆社县| 云龙县| 瑞安市| 黎平县| 射阳县| 洛扎县| 凌源市| 云浮市| 葵青区| 福安市| 波密县| 呼伦贝尔市| 盐津县| SHOW| 无为县| 奉节县| 迁安市| 沭阳县| 紫金县| 和田县| 屯留县| 和龙市| 昭平县|