View the latest market because of its lack of low-end product structure, Dongfeng Motor (00489,HK) 2009 sales revenue of 91.758 billion yuan (RMB, the same below), the year-on-year growth of about 30%, run away from the big city. Xu, chairman of the board, said that the 2010 sales growth of 15%~18%, the group will not change the product structure. According to the results, Dongfeng Motor 2009 sales of 1.4307 million vehicles, an increase of about 35%, the realization of sales revenue of about 91.758 billion yuan, the growth of 30% per cent, the realization of the gross margin of 17.484 billion yuan, an increase of 47.2%, net profit of about 6.25 billion yuan, the year-on-year growth of about 58%. Last year China's automobile market was hot, Dongfeng performance was lost in the big city. As a result of the state of less than 1.6L of small displacement car tax deduction, as well as "car to the countryside" and other policies, so that economic vehicles last year sales soared. But Dongfeng Automobile does not have the related product, the performance loses in the big city, especially loses to some sells the low-end vehicle main manufacturer. For example, only sales revenue, Dongfeng Rose 35% last year, and Geely car revenue growth last year by 228%. Chairman Xu said at a press conference held in Hong Kong on 14th that the group would not change the product structure. For the 2010-year market, Xu said that 2010 Dongfeng established sales target total of 165 to 1.7 million vehicles, growth 15%~18%.
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