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Changan Auto net dives 63%
Last Updated(Beijing Time):2005-08-26 09:39
Chongqing Changan Automobile Co. Ltd., China's largest maker of minivans, posted a net profit of 293.35 million yuan (US$36.21 million) in the first half of this year versus 799.15 million yuan in the same period of last year in a filing to the Shenzhen Stock Exchange on Thursday. It said its earnings were hit by price cuts amid intensifying competition on the domestic auto market.
Source:Shenzhen Daily 
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