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Centrally administered SOEs recorded sales revenue of 29.1 trillion yuan (.33 trillion) in 2018, with net profits of 1.2 trillion yuan, a growth of 15.7 percent year-on-year, while the average debt ratio declined 0.6 percentage points.
Car sales of the Zhejiang-based company in the first five months totaled 420,317, accounting for 30 percent of the company's sales target of 1.41 million throughout the year.
Cartoon characters can be a reminder of childlike innocence. However, if they appear on your plates, they can also entice you into trying a dish.
Caocao is one of several companies starting to put their weight behind autonomous driving services. In late June, China's ride-hailing giant Didi Chuxing launched a test robotaxi service in a Shanghai suburb.
Challenges aheadHowever, the prospect is not as good as it looks. Both companies are facing the same problem of how to make money, as traditional dealerships have increasingly thinner profits from selling cars. "We want to try the business model first. If the model works, we will eventually make money from automakers," said Chen Ran, general manager of Gome's auto business division. For a car market to be a success, effective coordination is needed among car makers, 4S stores, insurance companies and accessory producers to realize a one-stop shopping experience like that in traditional supermarkets, said Chen Hao, president of Jiangsu-based dealership company Xiezhong Auto. "In the future, car sellers should provide a more and more personalized service targeting a small niche market. Thus, car markets face the tough test of adapting to changing demand," he said. The newcomers will also be confronted with other segments of the car sales market, including e-commerce giants, used car dealers and group buying service providers. Suning's Liu said price might not be the advantage of car markets, but the company would ensure price transparency, a full range of products and reliable quality. "Our greatest strength is breaking the single-brand bottleneck of 4S shops and giving customers a new buying experience," Liu said.
来源：资阳报