China Automotive Engineering Research Institute Co Ltd Reports Unaudited Revenue Results for the Year 2013; Provides Earnings Guidance for the Year 2013
January 22, 2014 at 06:48 am
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China Automotive Engineering Research Institute Co Ltd. reported unaudited revenue results for the year 2013. The company's operating revenue jumped 34.41% year on year to RMB 440 million in the year. The company saw its unaudited operating revenue increase 31.47% year on year to RMB 1.50 billion. The strong profit growth was mainly due to an increase in revenue from technical services and land transfer.
The company provided earnings guidance for the year 2013. The company expects its net profit to grow 42.88% year on year to RMB 425 million in 2013. Basic earnings per share were estimated at RMB 0.66 last year.
CHINA AUTOMOTIVE ENGINEERING RESEARCH INSTITUTE CO.,LTD is a China-based company primarily engaged in the automobile technical support and industrial manufacturing. Automobile Technical Support segment includes technology research and development, technical consulting, technology services, and vehicle test and evaluation. Industrial Manufacturing segment is involved in the design, development, manufacture and sale of special vehicles, gas-driven vehicle systems, rail transit key components, vehicle detection equipment, electric vehicle hybrid power systems and key components and aftertreatment systems, among other products.
China Automotive Engineering Research Institute Co Ltd Reports Unaudited Revenue Results for the Year 2013; Provides Earnings Guidance for the Year 2013
CHINA AUTOMOTIVE ENGINEERING RESEARCH INSTITUTE CO., LTD. 
