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Sale Volume Expansion Pushes Jinbei Medium-term Net Profit Increase 96%

August 19, 2013 Source: www.chinaspv.com


www.chinaspv.com: Jinbei Automobile released its medium-term financial report that its net profit in the first half is 33.3886 million Yuan, increasing 95.85% year on year with 0.03 Yuan as its earnings per share.


Furthermore, according to the report revenue of Jinbei in the first half of 2013 is 2.847 billion Yuan increasing 25.31% compared with the same period of last year, which completes 54.7% of the annual plan. All of this is because of sales volume expansion during this period.


In addition, the company released that Jinbei would expand its vehicle marketing both at home and abroad in the second half, accelerate R&D of new products and enhance constructing and operation of Russian project. Meanwhile, production and sale of parts would be improved comprehensively, and shutter and instrument board projects of BMW 3 and 5 series would be completed.
 

SPECIAL VEHICLE ADVISOR

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