Huayi's net profit for the first half of the year increased 140%-200% year-on-year

Huayi Compression (000404) announced today's 2012 half-year performance forecast shows that net profit attributable to shareholders of listed companies is expected to be 38.53 million to 46.23 million yuan, an increase of 140% to 200% over the same period of last year. Basic earnings per share of about 0.12-0.14 yuan.

Huayi Compression stated that the increase in net profit of the company was due to the fact that the export business maintained a relatively high growth rate. At the same time, the company increased the proportion of high-tech compressor products such as miniaturization and high efficiency through the adjustment of product structure. Copper, steel, etc. The price of raw materials decreased by a certain extent as compared with the same period of last year, and the gross profit rate of products increased compared with the same period of last year. The net profit of the company increased.

Huang Dawen, deputy general manager of Huayi Compression, said at an internal meeting that the performance of the company has improved. The company's market development has been fruitful. Although its profitability has improved, its core competitiveness has not been strong. The company's overall appearance is good, but it still needs strengthening.