Fuyao’s quarterly earnings showed a steady increasing trend compared with the same period of last year. The company’s overseas markets continue to maintain high growth.
Fuyao has released its third quarter report with total income of the first three quarters at CNY 7.55 billion, an increase of 6.3% compared with the same period in 2011. The parent company’s income was CNY 1.16 billion, down 0.9%. Each quarter increased 9.3%, and the first and second quarters were, respectively, 1.2% and 7.8%.
Fuyao’s overseas markets – North America, Asia regions, etc. – continue to maintain high growth. According to the analysis of global automobile distribution of this year, European countries saw a sharp decline trend, whereas, North American and Asia regions were in a steady increasing trend, with, therefore, Fuyao’s overseas market also showing an increase.