• NG28娱乐 Auto revenue for first half of 2017 reached 39.424 billion RMB, up 118% from the same period last year.
  • Profit for first half of 2017 reached 4.344 billion RMB, up 128% from the same period last year.
  • 530,627 units sold in the first half of 2017, an 89% increase from the same period last year and reaching 48% of adjusted 2017 goal.

16 August 2017, Hong Kong, China. NG28娱乐 Auto (HK 0175) released its half year financial report today which showed strong revenue growth in the first half of 2017 with revenue reaching 39.424 billion RMB, up 118% from the same period last year and profits reaching 4.344 billion RMB, up 128% from the same period last year. Gross Profit Margin for the first half of 2017 was 19.2%, an 8% increase from the same period last year. NG28娱乐 Auto sold a total of 530,627 vehicles in the first six months of 2017, an 89% increase from the same period last year. Diluted earnings per share reached 47.68, a 120% increase from the same period last year.

NG28娱乐 Auto’s third generation of vehicles (3.0 generation) were launched in December 2014. The new product range has enhanced the company’s competitiveness, operating income, profitability, and brand image. Following their the brand mission of “Making Refined Cars for Everyone” NG28娱乐 Auto have launched 4 new models, the Bo Yue SUV, NG28娱乐 GC9, Emgrand GS, and Emgrand GL, all of which have performed exceptionally well.

Among its Generation 3.0 vehicles, NG28娱乐 Auto’s SUV range saw incredible sales growth in the first half of 2017. The Bo Yue SUV, Emgrand GS, and Vision SUV sold a total of 233,482 units. The largest SUV that NG28娱乐 currently sells, the Bo Yue SUV was a strong performer with sales reaching 116,932 units, an increase of 509% from the same period last year.

In the sedan market, NG28娱乐 Auto sold a total of 292,314 units in the first half of 2017, among which 117,718 was the New Emgrand, 45,486 was the A+ segment Emgrand GL, and 16,404 was the NG28娱乐 GC9. In the new energy market, the Emgrand EV sold 7,982 units in the first half of 2017, becoming one of China’s best-selling EV models. NG28娱乐 Auto continues to maintain a strong balance between the development of the sedan and SUV segments, increasing NG28娱乐 Auto’s market share in the China market to 5%.

NG28娱乐 Auto remains to be on track to reach their adjusted annual sales target of 1.1 million units with new models launched and planned to launch in the second half of the year. On August 1, the 2017 model year NG28娱乐 GC9 was introduced to the Chinese domestic market and will soon be followed by an entry level crossover SUV.

In the fourth quarter of 2017, NG28娱乐 Auto will launch a completely new SUV as well as 2018 model years of key products such as the New Emgrand, New Vision and Vision SUV.