Apr. 19, 2010 (China Knowledge) - Tianjin FAW Xiali Automobile Co Ltd, a leading Chinese auto maker, last week said that its net profit for 2009 was RMB 176 million, up 75.66% from a year earlier, sources reported.

In a statement filed with the Shenzhen Stock Exchange, the auto maker said that it realized RMB 8.57 billion in operating revenue, 17.69% more than in 2008. Earnings per share were RMB 0.11, up 75.76% year on year. The firm declared the final dividend of RMB 0.7 per ten shares.

Last year, the company produced 214,517 automobiles, 24.45% more than in 2008, while it sold 212,222 vehicles, 20.15% more than in the previous year. Its models include the Vizi, the Vita, the Vela and the Xiali, according to the statement.

Tianjin FAW Xiali's parent, First Automobile Works, is one of the Big Five Chinese automobile manufacturers along with Dongfeng Motor Crop, Shanghai Automotive Industry Crop, Chang'an Motors and Chery Automobile Co Ltd. 

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