Shanghai (Gasgoo)- Chongqing Sokon Industry Group Stock Co.,Ltd (Chongqing Sokon) said it expects to achieve 2017 net profit of RMB 700 million to RMB 735 million, rising 36% to 43% year on year. Excluding all non-recurring items, the net profit is expected to increase 43% to 51% from a year earlier to RMB 617 million to RMB 652 million.
Chongqing Sokon attributed its increasing 2017 net profit to the efficient product portfolios' upgrading and the expanding sales of self-developed engines. Last year, Chongqing Sokon sold around 190 thousand SUVs, accounting for nearly 47% of the group's all vehicle sales. Besides, the relatively higher unit price of SUV also contributed a lot to the group's profitability improvement.
Meanwhile, the group's self-developed energy-efficient engine saw a fast sales growth last year, occupying an increasing percentage in the group's overall revenues, which also drove the enhancement of profitability.
Sokon group said the non-recurring items have no significant effect on the group's profit.
Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods.
All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: khoahocxaydung.info.