For the company, revenue from the sale of automobiles fell to RMB2.68 billion for the period, down 15.0% from RMB3.15 billion in 3QFY2021. TCA sold 7,754 units in 3QFY2022, an 11.8% y-o-y decrease.
Trans-China Automotive Holdings Limited (TCA) has reported total revenue of RMB3.03 billion ($598.6 million) for the 3QFY2022 ended September, down 14.7% y-o-y.
TCA attributes this to the overall business environment of a “soft” Chinese economy, with key
economic indicators such as housing sales, export and manufacturing activity continue to show
Weakness.
