According to data from the National Bureau of Statistics compiled by the China Association of Automobile Manufacturers (CAAM), the profit of the automobile manufacturing industry was 531.96 billion yuan in 2022, a year-on-year increase of 0.6%. The profit margin of the automobile manufacturing industry was 5.7%, a decrease of 0.4 percentage point from 2021, accounting for 6.3% of the total profits of large-scale industrial enterprises.
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