Insiders expect sales to grow in the second half of the year
SAIC Motor stands out among Chinese companies for 2020 performance so far
In the first half of 2020, China's listed car companies experienced overall operating pressure, while some highlights remained.
China's auto sales fell 16.9 percent year-on-year to 10.26 million in the first six months of 2020, according to the China Automobile Manufacturers Association.
However, the newly released half-year financial statements revealed that some auto companies achieved favorable sales results from January to June.
SAIC Motor achieved revenue of 283.74 billion yuan ($41.53 billion) in the first half of this year, significantly ahead of other Chinese listed car companies.
Dongfeng Motor Group achieved a year-on-year growth of 4.4 percent in revenue during that span, while Great Wall Motors had reached total assets valuing 119.4 billion yuan through the end of June, up 5.5 percent from the end of 2019.
