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Data:2009-12-12 2:34
Author: Wu is pleased to
First three quarters of companies were realized main revenue and net profit 377 million and 6,022.1 million, respectively, year on year increase of 8.82% and 11.34%, the completion of earnings per share of 0.401 yuan, of which construction machinery spare parts sales in the third quarter to complete the off-season profit of 0.124 yuan per share.
Reporting period, the company's leading products bearing joints still maintain a relatively high gross margin level, in the third quarter reached 53.2%, compared with 1.3 percentage points increase in the first half; prices have come down due to intense competition, the company gear and transmission products and auto parts category Product gross margin decreased by half compared with 3.54 and 4.74 percentage points. However, as the market competitive, higher margin products bearing the proportion of sales from 68.22 percent in the first half to three quarters of 77.68 percent, the company consolidated gross margin increased by 0.87 percentage points higher than 1H06.
In addition, the companies to compete for the completion of the parent company in early 2007 forging and processing equipment, vehicles move to the new plant, which is expected after the completion of the parent joint bearing sets an annual production capacity from 10 million to 12 million units.
Yellow Sea, China International Capital Corporation Analysts said that given the performance of the company for 20 consecutive years of steady growth and outstanding competitiveness of their products is the company highlight the strengths, capacity expansion and rapid growth in international markets will ensure that the next two years performance of the company's steady growth is expected to 07, 2008 earnings per share were 0.68 and 0.83 yuan, to maintain profit forecast and "recommended" investment rating
Historical Information: G Longxi (600,592): Continue to maintain a steady growth August 5, 2006
Source: Investment Yao Xiaoming Today
Longxi shares (600,592) in 2006 from January to June sales revenue of 27,307.42 million, net profit of 4,156.12 million, respectively over the previous year growth of 15.65%, 16.69%. The company's overall gross margin level of 38.14%, of which bearing industry, gross margin was 45.2%, gear and transmission of 25.55% gross margin, gross profit margin of 9.99% auto parts.