China heavy industry will inject ship and equipment assets for June 5 recovery

NetEase Finance May 12 News China Heavy Industry announced today, received large shareholder China Shipbuilding heavy Industry Group notice, to the listed companies to inject ships and equipment business assets.　　China heavy Industry said that the major asset restructuring will involve the core military business enterprises in the civil and military issues, the relevant departments need to approve.　　The company's shares have been suspended from May 6 for a recovery period of June 5, 2010. The injection of business assets such as ships and equipment in line with previous analysts ' expectations, the separation of civil and military assets, civilian asset injection priority to inject into the listed companies.　　This is also in line with the State Council's approval of the group assets listing, "the overall listing of the people's shipowners, step-by-step implementation, supporting and technology industry first" approach. China heavy industry is located in the Chinese shipbuilding heavy industry Group is one of the largest ship-building and ship matching group, the group assets can be divided into civilian repair business, ship supporting business, core military products business and the four major sectors of the non-ship business.　　The current assets of the listed company's platform mainly involve the group's ship supporting business, accounting for 12% of the group's total assets, net profit accounting for 27% of the group, and this part of listed assets is about 1/9 of the total assets of the group.　　Data show that China shipbuilding heavy industry group's civilian repair assets include Dalian Shipbuilding Heavy Industry Group Co., Ltd., Bohai Shipbuilding Heavy Industry limited liability company and other high-quality assets. In the first quarter of 2010, the company realized operating income of 4.023 billion yuan, an increase of 10.39%, operating profit of 379 million yuan, an increase of 44.06%, to achieve the ownership of the parent company's net profit of 316 million yuan, an increase of 6.41%, to achieve earnings per share of 0.05 yuan.