Tianjin FAW Xiali Automobile Company has announced that it expects a return to profit in 2015 of around CNY 10.50 million, up from a net loss of CNY 1.66 billion in 2014. The company indicated that due to the transfer of assets such as its stake in the China First Automobile Company, as well as the Tianjin-based Automobile Research Institute, the company has managed to raise funds for development. By fine-tuning "cost efficiency methods", the company has also been able to change its situation.