FAW Car's first-half net profit increased by 149.69%

FAW Car Co., Ltd. announced the semi-annual report on the 26th, the first half of this year, the company achieved a net profit of 1.337 billion yuan, an increase of 149.69% over the same period the previous year, earnings per share of 0.82 yuan.

The semi-annual report shows that in the first half of 2010, FAW Cars achieved operating revenue of 17.911 billion yuan, an increase of 53.96% year-on-year; net assets per share of 5.08 yuan, diluted net assets return rate of 16.16%; attributable to the parent company shareholders equity of 8270289.99 yuan.

According to analysis, in the first half of the year, FAW's total vehicle sales increased by more than 70% year-on-year. North China and East China are still the main sales areas of FAW Car, contributing nearly 60% of the company’s revenue. In addition, the company’s direct sales revenue also increased by 471.38%.