Dongfeng Motor Group released its semi-annual financial report on August 28th, showing that it receives operating revenue of RMB 57.89b in the first half of year with year-on-year growth of 1.0%. The net profit reaches RMB 7.04b, growing 4.2%. And the basic earnings per share reach RMB 0.82. It plans to distribute cash dividend of RMB 0.1 per share.

The Group said that the increasing revenue is mainly resulted by the outstanding commercial vehicles’performance with revenue increasing 48.7% year-on-year to RMB 29.95b. The sales revenue of passenger vehicles declines 26.9% to RMB 26.16b.

Zhu Yanfeng, Board Chairman of Dongfeng Auto Group, points out that the domestic auto market shows slow growth in the first half of year, with passenger vehicle market staying weak while commercial vehicles showing unexpected growth. Consumption upgrade shows an obvious trend and self-independent brands grow fast. The increasing market competition forces auto companies to decrease terminal prices greatly, influencing companies’ benefits.

He also points out that the auto industry will face profound changes in the current and future period of time. Released effects on policies and regulations will continue to impact on the future auto market. Besides, the deepening reform on auto products and business modes will create more commercial patterns. It’s also predicted that the auto market in the latter half of year will perform better, stimulated by the tax policy and busy seasons.