Abstract Jiangnan Hongjian (000519.SZ) will have a loss in net profit for the whole year of 2013. Due to the sluggish demand for downstream light and heavy truck products, the sales of diesel engine parts are not good. At present, the company plans to enter the diamond field, which will help the company turn losses. Jiangnan Red Arrow Dong
Jiangnan Hongjian (000519.SZ) will have a loss in net profit for the whole year of 2013. Due to the sluggish demand for downstream light and heavy truck products, the sales of diesel engine parts are not good. At present, the company plans to enter the diamond field, which will help the company turn losses. Jiangnan Hongjian Dongge Xiong Shangrong said on August 14 that the downstream diesel engine situation is sluggish. The company's main performance will continue to decline in the second half of this year, and the annual net profit is difficult to get rid of the loss.
Xiong Shangrong also said that in the continued downturn of diesel engine parts, entering the diamond field is expected to help the company turn losses. The Zhongnan Diamond Company acquired has a strong background, strong business capability and great profitability.
A heavy-duty truck industry pointed out that due to macroeconomics, investment, etc., the domestic heavy truck industry demand slowed down, industry improvement is expected to be after 2014, and the heavy truck sales situation in the second half of this year is still difficult to predict, the market is still relatively low, this situation is postponed Affected upstream heavy truck engines and their supporting industries.
Jiangnan Hongjian mainly produces diesel engine parts for light trucks and heavy truck products. The main customers are Yuchai Group, Yunnei Power, Yituo Group and other companies. Its supporting diesel engines such as Yunnei and Yuchai are at the low-end level and are affected by the industry. Larger.
Xiong Shangrong believes that the demand for domestic light and heavy truck industry has not improved significantly in 2013, the internal combustion engine industry continues to be sluggish, and the competition in the industry market has intensified. The installed capacity of major customers and important customers of Jiangnan Red Arrow has been seriously declining. The company is facing rising labor costs and energy and power costs. Difficulties and other difficulties, the entire market is still not optimistic in the second half of the year, the market will be difficult to improve in the future.
At the beginning of this year, Jiangnan Red Arrow plans to issue shares to purchase 100% of the total shares of Zhongnan Diamonds held by China Ordnance Industry Group, Yuxi Industrial Group and Shanghai Xunbang Investment. At the same time, Jiangnan Red Arrow will carry out matching financing to no more than 10 A specific investor raises matching funds through non-public offering of shares, and the fundraising scale does not exceed 25% of the total amount of the transaction.
Zhongnan Diamond is one of the world's largest manufacturers of industrial diamonds (synthetic diamonds) and cubic boron nitride. It is a holding subsidiary of Henan Zhongnan Industry Co., Ltd. (formerly Henan Zhongnan Machinery Factory) of China Ordnance Industry Group.
In the first half of 2013, Jiangnan Red Arrow achieved operating income of approximately RMB 150 million, down 2.65% year-on-year. The net profit loss attributable to shareholders of listed companies was approximately RMB 5.79 million, representing a decrease of 271.01% and a basic earnings per share of RMB 0.03.
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