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Improved profits at the BMW Brilliance joint venture, up from CNY325,576 to CNY987,851 were due primarily to increased sales of BMW sedans.

Overall group turnover fell from CNY5,119,368 to CNY3,167,327 as Jenbei minibus sales fell.

Gross profit slipped to CNY456,463 from CNY602,445 but the bottom line was net profit up to CNY1,027,448 from CNY635,795.

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By GlobalData