China's No.2 automaker's net profit down 4.6 pct in 2011

 　　SHANGHAI, March 27 (Xinhua) -- Dongfeng Motor Group Co., China's second largest carmaker, said Tuesday its 2011 net profit fell 4.6 percent year on year to 10.48 billion yuan (1.7 billion U.S. dollars).

　　Sales revenue rose 7.4 percent year on year to 131.4 billion yuan, the company said. It sold 2.17 million vehicles last year, up 11.7 percent year on year.

　　The impact of Japan's earthquake, new tax expenditure¹ at joint² ventures, and prices declines amid fierce market competition contributed to the profit decline, it said.

　　Dongfeng Motor expected its production and sales to grow at higher than industry average rate in the coming few years. Car sales in the world's biggest auto³ market is expected to grow 7 percent in 2012, it said.

　　The automaker's capital expenditure for the next two years amounted to 41.6 billion yuan, it said. Its annual production capacity is expected to be increased to 2.77 million units by the end of the year.

1 expenditure   

n.(时间、劳力、金钱等)支出；使用，消耗

参考例句：

• The entry of all expenditure is necessary.有必要把一切开支入账。
• The monthly expenditure of our family is four hundred dollars altogether.我们一家的开销每月共计四百元。

2 joint   

adj.联合的，共同的；n.关节，接合处；v.连接，贴合

参考例句：

• I had a bad fall,which put my shoulder out of joint.我重重地摔了一跤，肩膀脫臼了。
• We wrote a letter in joint names.我们联名写了封信。

3 auto   

n.(=automobile)(口语)汽车

参考例句：

• Don't park your auto here.别把你的汽车停在这儿。
• The auto industry has brought many people to Detroit.汽车工业把许多人吸引到了底特律。