Dongfeng posted record earnings during 2010 reporting total profits ofUS$280.44 million (RMB1,857,265,119.87, 6.6227 exchange rate) on total sales revenue of US$2.32 billion (RMB15,366,129,881.25, 6.6227 exchange rate),company executives reported.

Total profit grew by 79.9% from US$151.18 million (RMB1,032,290,946.91, 6.8282 exchange rate) reported in 2009. Total sales revenue increased by 50.9% over 2009 from US $1.49 billion (RMB10,182,962,661, 6.8282 exchange rate), setting new company records, executives said. Net profit was US$233.11 million (RMB 1,543,821,347.10, 6.6227 exchange rate), representing a nearly 78.3% increase over the $126.78 million (RMB 865,694,309.44, 6.8282 exchange
rate) net profit reported from the year previous. This was also a company record.

In the past five years, Dongfeng has seen nearly 30% average annual revenue growth as total company revenues have steadily climbed from $699.63 million (RMB 5,463,200,466.00, 7.8087 exchange rate) in 2006.

“We are very pleased to report we have again posted significant gains in nearly all of our financial indicators,” said Vice Chairman and President Zeng Guang’an.“Dongfeng continues to show strong growth, both domestically and in overseas markets, and we believe our business plan is paying dividends.”

Throughout 2010, Zeng said, quarterly reports showed gains, leading to a very strong showing by fourth quarter.

“The pace of the early months did not lessen in the fourth quarter,” Zeng said. Earnings rose from 21 cents per share in 2009 to 36 cents in 2010, a 58% increase.

Dongfeng sold 56,424 machine units in 2010, up 45% from the 38,920 sold units in 2009 for another new company record. Of total machines sold, 50,894 went to the Chinese domestic market, up from 36,060– a 41% increase -- the year previous. In addition, 5,530 units were sold overseas, up from 3,760 in 2009. Total 2010 production was 62,000 machines.

“Unit sales have more than doubled in the past five years, Zeng said. “Dongfeng sold 22,194 units in 2006. We are very proud of our growth and progress. We continue to see our overseas unit sales build, growing by 47% over the year previous, and contributing US$255 million to our overall sales revenue.” Zeng noted.