Xugong Machinery disclosed its 2010 annual report today. The net profit attributable to the owners of the parent company in 2010 was 68% higher than that in the same period of 2009, and the target for 2010 asset profit at the time of the company's major assets reorganization was over-completed. The two funds under China Post were last year. In the fourth quarter, they made a big splash. The data shows that the net profit of the company's 2010 revenue and owners of the parent company were 25.214 billion yuan and 2.926 billion yuan, respectively, an increase of 21.81% and 68.04% respectively. The company’s main product sales all achieved relatively high growth. In particular, sales revenue of concrete machinery and road machinery increased by more than 160% year-on-year, of which sales of new products such as crawler cranes, concrete pump trucks, and pavers achieved more than 140%. Double growth. In 2009, Xugong Machinery purchased a number of assets from Xugong Limited to issue shares. During the reorganization of the assets, XCMG made a limited commitment to achieve a net profit of the underlying assets in 2009, 2010 and 2011 corresponding to the underlying assets. At 959 million yuan, 1.011 billion yuan and 1.109 billion yuan. If it fails to meet the corresponding target, the difference will be covered by XCMG Limited in cash. After auditing by the accounting firm, the net profit realized by the target assets in 2010 was 2.394 billion yuan, and the profit forecasting completion rate was 236.71%. The company believes that under the guidance of the 12th Five-Year Plan, the market demand for China's construction machinery industry will show a high growth trend. Therefore, the company plans to achieve a total operating income of RMB 35.2 billion in 2011. If this goal is achieved, sales will increase by 39.68% over 2010. Xugong Machinery's newly disclosed list of shareholders of tradable shares indicated that China Post’s two funds, China Post’s core growth and China Post’s core preference, had a strong position in the fourth quarter of last year. By the end of 2010, China Post’s core growth held 29.53 million shares as the second largest. Shareholders of large tradable shares, China Post’s core preferred holding 11.53 million shares ranked fourth among tradable shareholders. Electric Bike Price,Electric Assist Bike,Best Electric Bicycle,Electric Bicycle For Sale Myatu Moped Technology Co.Ltd. , https://www.myatugroup.com
XCMG's net profit improved by nearly 70%