First-quarter net profit of FAW Car increased by 100%

Yesterday evening, FAW Car announced that the third-quarter earnings increase forecast announced that it expects to achieve a net profit of 300-300 million yuan in the third quarter; basic earnings per share of 0.18 yuan -0.19 yuan. The first three quarters achieved a net profit of 1.5 billion yuan -179874 million yuan, an increase of 7% -100%; basic earnings per share of 0.9217 yuan -1.1052 yuan, an increase of 67% -100%.

FAW Car said that during the reporting period, it benefited from the promotion of consumption by the national policy on the automobile market, the rapid growth in the production and sales of auto vehicles, and the continuous improvement in the economic efficiency of the industry. The company kept abreast of the development trend of the industry and enhanced the management quality by deepening the management quality. Comprehensive ability, according to the market development trend to develop an effective marketing strategy, achieved a substantial increase in sales and revenue year-on-year, increased production and marketing scale and profitability, and promote the company's overall level of sustainable development.

Yesterday, FAW Car Co., Ltd. closed at 21.85 yuan, closing 5.05% higher.