King Long Motor's Bus Sales Slip 5% in August; Shares Slump 10%
Xiamen King Long Motor Group's (SHA:600686) number of sold buses in August slipped 4.5% year on year to 3,296 units from 3,450 units, a Saturday filing on the Shanghai Stock Exchange said.
The Chinese automotive company produced 3,473 buses during the month, climbing 5.9% from 3,279 buses manufactured a year earlier.
Between January and August, bus sales jumped 15.3% year on year to 29,029 units and bus output rose 8.5% to 29,548 units, the filing added.
Shares of the company slumped nearly 10% in recent trade.
Price (RMB): ¥13.10, Change: ¥-1.5, Percent Change: -9.97%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.