Sailing: batteries become a major source of income
Sailing share semi-annual report in 2010 commented:
Investment Highlights:
Company realized that the operating income is 1.668 billion yuan, up to 36.43 percent, to achieve operating profit 33.327 million yuan, net profit attributable to shareholders of listed companies is 27.065 million yuan, respectively, an increase are 174.78 percent and 219.74 percent. Company in the first half basic earnings per share is 0.06 yuan, up 200%.
Faster revenue growth, gross profit margin fell slightly
Company in the first half operating income is 1.668 billion yuan, up 36.43 percent, car battery production and sales volume reached 4.83 million, respectively, and 4.94 million, but operating costs increased by 39.17%, slightly higher than revenue, the company's consolidated gross margin was slightly down 0.85 percentage points to 11.37%, of which the battery product gross margin 11.69%, down 1 percentage point. We believe that growth in the first half year performance of the main beneficiaries of substantial growth in car sales, car sales in China were completed during the first half 8,927,300 and 9,016,100, respectively, an increase of 48.84% and 47.67%, but the car is worth noting that in recent months chain sales declined year on year growth rate started to slow down in the second half growth may slow down performance.