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Tianjin Faw Xiali's auto sales down 10.38% in Apr

May. 10, 2012 (China Knowledge) – Tianjin Faw Xiali Automobile Co Ltd<000927> announced today that its autocar sells declined 10.38% year-on-year to 19,182 vehicles in April this year.

Last month, the automaker produced 17,946 vehicles including 13,536 units of Xiali series, reflecting a year-on-year decline of 38.28%.

From January to April this year, the Shenzhen listed company saw its autocar sales reached 77,032 vehicles, 25.54% lower than it realized in the same period of last year.

The total production for the first four-months this year declined 28.11% to 75,029 units. These comprise of 63,130 units of Xiali series and 21,489 units of Wei series.

In the first quarter of this year, the Chinese automaker's operation revenue dropped 32.49% year-on-year to RMB 2.06 billion, however its net profit attributed to shareholders increased 6.62% than a year earlier to RMB 54.86 million, sources reported.

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