Three most profitable carmakers last year all report double-digit profit declines, but rosier export forecast improves outlook.

The company reports a net profit of nearly 4.09 billion yuan (US$590 million) and revenue of 150.2 billion yuan.

As China’s passenger car market struggles, major automakers like Geely, Chery, and SAIC boost earnings by ramping up exports, with NEV demand playing a key role in growth

Three most profitable carmakers last year all report double-digit profit declines, but rosier export forecast improves outlook.