129762943195625000_88Jac 2011 $ 618 million reduction in net profit of about 47%
Jac said on March 12 release unaudited results for the 2011 year letters, in 2011, jianghuai automobile operating income of 30.474 billion yuan, an increase of 2.59%; belong to shareholders of listed company's net profit of $ 618 million, down 46.88%; basic earnings per share of $ 0.48
tera gold, down 46.67%. JiangHuai automobile did not disclose specific reasons for changes in the performance of the company in the letters, but the company released on January 6 2011 operating data, car sales increased slightly to 5.4% 2011 year
tera gold, but December sales in the month fell more than 14%.
Where company profits last year block MPV as well as varying degrees of light truck sales fell. Christmas cardCoupons has published the research report believe that company MPV products and sluggish, weighed on profitability growth. Due to the increased number of MPV car market and competitors on replacement products welcomed by the market
tera power leveling, squeezing the market share.
MPV is the highest gross profit margin of the company products estimated contributions and above one-third margin. Main profit decline in sales of products, jianghuai automobilePerformance remains weak. Jianghuai automobile announced three quarterly shows, the company in July-September revenues $ 6.865 billion, up incremental 2.1%; but only 45.45 million yuan in net profit in the same period, up to 87.07% per cent lower than, basic earnings per share for only $ 0.04/share. Company announcements will be attributed the decline in net profit due to the rising costs of raw materials.Jianghuai automobile to be disclosed on March 28 the 2011 annual report. Jianghuai automobile 12th, closing at $ 7.58, down 2.32%.
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