China's automaker, SAIC Motor, said net profit rose 12.8 percent last year on strong passenger car sales but gains were stunted by slower growth in the world's number two economy.
The Shanghai-based firm said net profit was 27.97 billion yuan ($4.56 billion), up from 24.80 billion yuan in 2013, according to a statement issued to the Shanghai stock exchange late Thursday.
"In 2014, the domestic auto market slowed under the influence of the macroeconomic down trend," said SAIC, which has joint ventures with General Motors of the United States and Germany's Volkswagen.
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