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Demand drives solid H1 results for automakers

By Li Fangfang | China Daily | Updated: 2013-09-04 07:44

Most of China's major listed automakers reported profits in the first half of the year, as the country's automobile market went back to double-digit growth after it stagnated in the last two years.

As of Saturday, 80 listed automakers had filed their first-half financial reports to the Shanghai and Shenzhen stock exchanges, with 55 of them reporting increases in revenue.

The Shenzhen-based battery and car maker BYD Co Ltd led the list after its net profit increased a staggering 25.24 times to 427 million yuan ($69.76 million) in the first half. The company's net profit slumped 94.15 percent year-on-year to 81 million yuan in 2012, the lowest level in at least four years.

Demand drives solid H1 results for automakers

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