TABLE-China's FAW Car 2007 net profit doubles

April 2 (Reuters) - Year ended Dec. 31, 2007.

(in millions of yuan unless stated, against 2006 figures):

2007 2006

Turnover 13,617.51 vs 11,188.02

Net profit 552.87 vs 276.53

Earnings per share (yuan) 0.3397 vs 0.1699

Assets per share (yuan) 3.55 vs 3.32

Pretax dividend (yuan) 0.20 vs 0.10

Company: FAW Car Co 000800.SZ is a unit of one of China's
three largest auto makers, First Automotive Works, also known as
FAW. It produces the internally developed Red Flag cars once
favoured by Communist Party cadres. It also makes Mazda Motor's
(7261.T: Quote, Profile, Research, Stock Buzz) mid-sized Mazda 6 mid-sized sedans.

Note: The annual results, audited and compiled under
domestic accounting standards, were released on Wednesday. They
were in line with unaudited figures released the day before.

Profit figures for the previous year were adjusted to reflect
accounting rule changes.

For 2008, the company said it expected China's macroeconomic
environment to be generally similar to 2007, with stable growth
in GDP despite monetary tightening.

It expected continued rapid growth in the domestic market for
mid-range and high-end passenger cars, aiming to maintain or
expand its market share, while the trend for falling prices was
seen continuing but at a slower pace.
(Reporting by Edmund Klamann in Shanghai; editing by Ken Wills)