Excellent Sales Volume Recorded for Brilliance China Automotive Holdings Limited for the Nine Months Ended September 30, 2000
24 October 2000
Excellent Sales Volume Recorded for Brilliance China Automotive Holdings Limited for the Nine Months Ended September 30, 2000HONG KONG, Oct. 24 Brilliance China Automotive's (SEHK: 1114) 51%-owned subsidiary, Shenyang JinBei Passenger Vehicle Manufacturing Company Ltd. ("Shenyang Automotive") experienced excellent sales volume growth for the nine months ended September 30, 2000. Shenyang Automotive sold a total of 46,063 minibuses in the nine months ended September 30, 2000, a 45.7% increase over the 31,613 minibuses sold during the same period in 1999. Shenyang Automotive sold 38,844 of its Mid-priced Minibuses in the nine months ended September 30, 2000, an increase of 54.1% over the 25,205 units sold during the same period in 1999. Unit sales of the Deluxe Minibus increased by 36.5% from 5,289 in the first nine months of 1999 to 7,219 units for the same period in 2000. Mr. Yang Rong, Chairman and President of the Company, said: "We have been able to maintain a high growth in sales and our leadership position in the Chinese minibus market through the first three quarters of 2000 thanks to a strengthening national economy and continued strong demand for our minibuses. We expect this trend to continue in the last quarter of the year."