Corporate News: net profit of Shanghai Auto jumps 14 pct in first half

In the first half, the net profit of the Shanghai Automobile Co. jumped 14.01 percent to 541 million yuan (67.6 million U.S. dollars), according to its half-year report publicized Friday.

The company is one of China's leading automakers that got listed on the Shanghai Stock Exchange (SH 600104).

Its major business revenue during the period totaled 4.466 billion yuan, up 54.42 percent year on year. The return per share was 0.165 yuan, and the net volume of the company's cash flow in the first half was 685 million yuan, rocketing 221.97 percent.

China's automobile production and sales picked up in the first half of this year. The country produced 3.63 million cars and sold 3.53 million cars respectively in the first half, soaring 28.9 percent and 26.7 percent year on year.

Source: Xinhua