In the first quarter of the current year, China's auto industry saw increased operating revenues and profits, as reported by China Securities Journal on May 3.
In the first quarter this year, the total operating revenue of listed companies in China's auto industry was RMB 350.607 billion ($56.92 billion), increasing 9.61 percent, while the aggregate net profit of the companies in question was RMB 15.995 billion ($2.6 billion), up 4.20 percent, both on year-on-year basis. In 2012, the total operating revenue of listed companies in China's auto industry had amounted to RMB 1.27 trillion ($206.1 billion), up 2.56 percent year on year, with an aggregate net profit of RMB 52.506 billion ($8.52 billion), down 12.18 percent year on year.
Meanwhile, market sources predict that year-on-year growth in auto sales and in net profits in the auto sector in the second quarter this year may be slower compared to the year-on-year growth rates recorded in the first quarter of the year.
