Chinese homegrown automaker Xiamen King Long Motor (600686.SH) said Monday evening that its net profits attributable to shareholders was estimated to rise 90-120 percent year on year to between 472.23 million yuan and 546.80 million yuan in 2015.
The company's net profits in 2014 amounted to 248.54 million yuan, according to the company.
It attributed the jump in profits to the increase in its sales revenue from new energy vehicles, improvement in gross margin and the acquisition of 100 pct stake in Xiamen-based company.
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