New-car Sales by Dongfeng Motor of China Back to 80% in Nov.

Taipei, Nov. 30, 2012 (CENS)--Yulon Nissan Motor Co., the Nissan agent in Taiwan and a shareholder in Dongfeng Motor Co. of China, recently pointed out that Dongfeng's sales of Nissans in China have recovered to about 80% in November compared to the same period of the previous year, turning profitable again.

Some institutional investors forecast that Yulon Nissan's return on investment from Dongfeng is expected to rise again as anti-Japan sentiment wanes in China, with the Senkaku Is. incident of mid-2012 clearly undermining sales of Japanese products in China.

Hideki Kimata, senior general manager of Dongfeng Motor, a joint venture between Chinese automaker Dongfeng Group and Nissan Motor Co. of Japan, has publicly announced that sales of Nissans in China in November have recovered to about 80% of that in 2011.

In the first three quarters, Yulon Nissan registered net earnings per share (EPS) of NT$13 (US$0.4), making it the most profitable automotive company listed in Taiwan, compared to the second-runner Hotai Motor Co. Ltd., local Toyota and Lexus agent, which registered EPS of NT$10.9 (US$0.36) during the period.

Some institutional investors originally anticipated that Yulon Nissan to register EPS beyond NT$20 (US$0.67) this year, which has been impacted by anti-Japan sentiment in China that compromised sales of Chinese affiliate Dongfeng.