Last year, the top ten of China's vehicle listed companies' revenue

In 2013, the domestic automobile market embarked on a downturn in the previous two years and returned to double-digit growth. The overall revenue of the company rose substantially. Among them, Great Wall Motors has performed outstandingly, with revenue exceeding BYD and only lower than SAIC.

According to the data compiled by Gasgoo.com, in 2013, the revenue of the 24 vehicle companies listed in China totaled 1.017662 trillion yuan, an increase of 16.2% over 2012. Among them, the top ten companies have large revenues, totaling 883.66 billion yuan, accounting for 86.8%. These companies ranked SAIC Group, Great Wall Motor, BYD, Changan Automobile, Foton Motor, Jianghuai Automobile, FAW Car, Geely Automobile, Yutong Bus and China National Heavy Duty Truck in order of revenue.

Compared with 2012, the major changes in the rankings are: Great Wall Motors’ BYD Auto, ranking rose to No. 2; Foton Motors being crossed by Changan Automobiles, ranking fifth; FAW Cars re-exceeds Geely Automobile, ranking one place higher.

Great Wall Revenue exceeds BYD's only low SAIC Group

The SAIC Group’s revenue is undoubtedly the top spot. Last year, the revenue not only exceeded 500 billion yuan, but also increased to 565.807 billion yuan, a year-on-year increase of 17.6%. As the largest auto group in China, SAIC Motor Group sold more than 5 million vehicles last year, reaching 5.106 million units, a year-on-year increase of 13.7%. Among them, passenger car sales totaled 3.961 million units, an increase of 20% year-on-year.

As one of the best performing companies in the country, Great Wall Motor continued to increase revenue by more than 30% last year. In 2013, Great Wall Motor's operating income reached 56.784 billion yuan, which exceeded BYD and ranked lower than SAIC. At the same time, its 31.6% increase was the highest among the top ten companies. It is worth mentioning that, in 2010, Great Wall Motor's revenue was only 22.896 billion yuan, ranking eighth, and 2011 revenue of 30.089 billion yuan, ranking sixth.

Last year, BYD's operating income also exceeded 50 billion yuan, but its revenue was 52.863 billion yuan, which was lower than that of Great Wall Motors and ranked third. In 2012, BYD’s operating income was RMB 48.854 billion, which was lower than that of SAIC Motor.

Foton Motors was overtaken by Changi Automobile over FAW Car over Geely

In the past three years, Foton Motor’s operating income continued to decline. In 2011, its revenue was 51.646 billion yuan, ranking only lower than SAIC, and in 2012 it dropped to 40.973 billion yuan, and in 2013 it dropped further 16.6% to 34.153 billion yuan. Changan Automobile passed and ranked fifth. The continuous decrease in its operating income was mainly due to the change in the statistics of its financial statements. For example, the decrease in revenue in 2013 was mainly due to the inclusion of Auman’s business income during the period from January to June 2012.

Last year, Changan Automobile's revenue increased by a large margin, from 30.96 percent in 2012 to 30.86 billion yuan to 38.482 billion yuan, surpassing the level in 2010, and its significant increase in revenue was mainly due to a significant increase in car sales. In 2011, Changan Automobile's revenue dropped sharply, from 33.526 billion yuan to 26.552 billion yuan.

The 6th to 10th ranked company revenues are also rising faster, with an increase of one to three percent. Among them, FAW's operating income increased significantly, an increase of 26.9% from the same period last year to 29.975 billion yuan, again exceeding Geely Automobile (28.708 billion yuan). In 2012, FAW's car revenue fell 28.4% to 23.385 billion yuan, which was exceeded by Geely.