Geely has reported net income of CNY1.54bn (US$244m) in 2011, beating the average of 21 analyst estimates that predicted a net income of CNY1.47bn for the company, reported Bloomberg.
The market share of local brands fell 1.78 percentage points to 29.11% in 2011, according to the China Association of Automobile Manufacturers.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Geely vehicle sales were up 1% to 421,611 units in 2011. The total market share of passenger cars in China increased saw a gain of 5.2%.
In January, Geely had announced that it expects a 9% increase in sales to 460,000 units in 2012.
