saw good financial results last year, with the revenu

yuan, 72.38 billion yuan and 902.19 billion yuan, respecti

vely, a year-on-year rise of 13.2 percent, 1.13 percent and 3.62 percent, respectively.

The three companies’ net profits attributable to shareholders were 4.43 billion yuan, 10.9 billion yuan, 36 billion yua

n, a year-on-year increase of 96.6 percent, 1.08 percent and 4.65 percent, respectively.

Last year, GAC sold 2.15 million vehicles, up 7.34 percent year-on-year, with the self-owned br

ands sales volume increasing 5.23 percent; the sales volume of the joint venture brands including GAC Ho

nda, GAC Toyota and GAC Mitsubishi rising 5.16 percent, 31.11 percent and 22.69 percent, respectively.

SAIC’s annual sales were 7.05 million vehicles with self-owned brands Roewe and MG sel

ing 730,000 vehicles and joint venture brand SAIC Volkswagen selling 2.06 million vehicles in 2018.