China Association of Automobile Manufacturers: Automotive manufacturing profits to increase slightly in 2022

In 2022, faced with a severe and complex international environment and the impact of multiple unexpected factors, under the leadership of the Party Central Committee and the State Council and the guidance of government departments at all levels, and with the joint efforts of colleagues across the industry, the production and operation of automobile industry enterprises have been generally stable, and the upstream and downstream profit structures have continued to improve.

According to data from the National Bureau of Statistics compiled by the China Association of Automobile Manufacturers, in 2022, the automobile manufacturing industry's profit was 531.96 billion yuan, a year-on-year increase of 0.6%. The automobile manufacturing industry's profit margin was 5.7%, down 0.4 percentage points from 2021, accounting for 6.3% of the total profit of industrial enterprises above designated size.