event:
Kunming Machine Tool announced the semi-annual report for 2010. In the first half of the year, the company achieved operating income of 756 million yuan, a year-on-year increase of 14.15%; net profit attributable to owners of the parent company was 82.218 million yuan, down 29.19% year-on-year; earnings per share was 0.15 yuan.
in conclusion:
It is estimated that the company's earnings per share for 10-11 years will be 0.39 yuan and 0.48 yuan respectively, giving the company a "recommended" investment rating.
text:
The results were lower than expected. In the first half of the year, China's machine tool industry market demand is in a rapid recovery stage, and the general flow type product market is in short supply, but the market trend of major machine tool products is relatively slow. In the first half of the year, the company's machine tool business increased by 13% year-on-year. The company's floor-to-bed trampoline achieved sales revenue of 320 million yuan, down 21.3% year-on-year; horizontal trampoline revenue was 190 million yuan, up 29.9% year-on-year. Overall, the first half of the year's performance growth was lower than expected.
The gross profit margin declined. In the first half of the year, the company's comprehensive gross profit margin decreased by 6 percentage points year-on-year. The gross profit margin of machine tool products was 32.95%, down 2.84 percentage points year-on-year. The main reason was that the increase in product competition led to a decline in gross profit. This is due to the increase in the proportion of sales of ordinary machine tools with relatively low gross profit.
In the first half of the year, the number of new contracts increased significantly. In the first half of the year, the company's demand for the domestic machine tool industry gradually recovered. The company increased its market development efforts and added 823 million yuan in contracts, a year-on-year increase of 51.29%, which laid a good foundation for the company's second half results.
Kunming Machine Tool announced the semi-annual report for 2010. In the first half of the year, the company achieved operating income of 756 million yuan, a year-on-year increase of 14.15%; net profit attributable to owners of the parent company was 82.218 million yuan, down 29.19% year-on-year; earnings per share was 0.15 yuan.
in conclusion:
It is estimated that the company's earnings per share for 10-11 years will be 0.39 yuan and 0.48 yuan respectively, giving the company a "recommended" investment rating.
text:
The results were lower than expected. In the first half of the year, China's machine tool industry market demand is in a rapid recovery stage, and the general flow type product market is in short supply, but the market trend of major machine tool products is relatively slow. In the first half of the year, the company's machine tool business increased by 13% year-on-year. The company's floor-to-bed trampoline achieved sales revenue of 320 million yuan, down 21.3% year-on-year; horizontal trampoline revenue was 190 million yuan, up 29.9% year-on-year. Overall, the first half of the year's performance growth was lower than expected.
The gross profit margin declined. In the first half of the year, the company's comprehensive gross profit margin decreased by 6 percentage points year-on-year. The gross profit margin of machine tool products was 32.95%, down 2.84 percentage points year-on-year. The main reason was that the increase in product competition led to a decline in gross profit. This is due to the increase in the proportion of sales of ordinary machine tools with relatively low gross profit.
In the first half of the year, the number of new contracts increased significantly. In the first half of the year, the company's demand for the domestic machine tool industry gradually recovered. The company increased its market development efforts and added 823 million yuan in contracts, a year-on-year increase of 51.29%, which laid a good foundation for the company's second half results.
Black Walnut Hardwood Flooring
Black walnut floors are an excellent choice. The dark, rich chocolate colors of the hardwood and the lighter-colored sapwood combine to create a flooring surface that is both versatile and sumptuous. Prized by woodworkers for its gorgeous grain and colored features, solid Walnut flooring comes in colors that range from dark tan to chocolate brown with purple undertones in the heartwood, and lighter, creamier colors in the sapwood. Easily stained to a wide variety of colors, Black Walnut flooring is a highly versatile flooring option – it is equally at home in rustic country kitchens, contemporary city lofts, formal sitting rooms, and everything in between.
KelaiWood , https://www.kelaiwooden.com