News Column

Dongan Auto Engine H1 Loss Estimated at CNY16.03mn

July 18, 2014

HARBIN, July 18, SinoCast -- Harbin Dongan Auto Engine (SHSE: 600178) expected net loss of about CNY 16.03 million for the first half of 2014, compared to about CNY 20.54 million a year ago. EPS for January to June 2013 was negative CNY 0.0444.

Sales volume of microcar motors fell 24.65% and this caused the headquarters to continue a loss-making operation. Harbin Dongan Automotive Engine Manufacturing in which it has a stake saw profit rise from a year earlier, but related investment yields failed to offset loss of the headquarters.

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Source: Sinocast Transportation Beat (China)

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