[ET Net News Agency, 16 July 2021] China Harmony Auto Holdings Limited (03836) said
excluding non-recurring profit and loss items, the unaudited profit attributable to owners
of the parent of the group for the six months ended 30 June 2021 is expected to increase
by not less than 60% as compared to the six months ended 30 June 2020.
Such expected increase is primarily attributable to (1) the increase in new car sales
volume for luxury and ultra-luxury brand; (2) a solid growth in the group's after-sales
business; (3) the increase in income from the group's value-added services which was
driven by increased commissions from automobile financing and other service commissions;
and (4) performance release of new 4S stores acquired or opened in last year. (RC)