Chang'an Auto has released the earnings preannouncement of 2013 today, expecting the profit of whole year will be 3.2 billion to 3.8 billion. The growth will be 121.24% to 162.72% and the earnings per share will be 0.69 to 0.81. Chang'an Auto said, "The release of new model of Chang'an Ford, Maverick, Ecosport and New Mondeo is new contribution to the profit and increase the investment income and performance."

In fact, this earnings preannouncement is released due to the pressure from the media. In Dec. 31 2013, relevant media had reported the business condition of 2013 and business plan of 2014. After the verification of Chang'an Auto, the data quoted by the media was the preliminary estimate, which was different from the data of listed company. So Chang'an Auto applied temporary suspension of stock from Dec. 31 2013.

In the clarification announcement, Chang'an Auto estimates the income of consolidated statements belong to the stockholders of listed company will be 35 billion to 40 billion. At the same time, Chang'an Auto confirms the news from media, which is plan of 2014. The volume will be 2.33 million and income will be 175 billion. The volume of own-brand cars will be over 0,6 million. The actual data should be subject to the annual report of 2013.

In according to some analyst in auto industry, there is no doubt the performance of Chang'an Auto in 2013 will be increased rapidly. And the resumption of trading date of Chang'an Auto stock will be 3rd, January 2014.

Source:gasgoo