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Changan Automobile's H1 Profit to Drop Up to 68%

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Chongqing Changan Automobile (SHE:000625, SHE:200625) expects its net profit attributable to shareholders in the first half to drop by between 58% and 68% year on year to a range of 740 million yuan to 970 million yuan, according to a Shenzhen bourse filing on Wednesday.

The attributable profit a year earlier was 2.29 billion yuan.

Earnings per share is expected to fall to between 0.07 yuan and 0.10 yuan from 0.23 yuan in the previous year.

The Chinese automobile maker's A shares jumped 3% at the close.

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