162 million yuan net profit of Shenyang machine tool

NetEase Finance July 29 News Shenyang Machine Tool released 2010.5 Annual report in late Thursday.　　In the first half of 2010, Shenyang machine tool to achieve operating income of 4.36 billion yuan, 78% year-on-year growth, to achieve a total profit of 200 million yuan, which belongs to the owner of the parent company's net profit of 162 million yuan, to achieve loss; basic earnings per share 0.31 yuan. The Half-year report shows that in the first half of 2010, Shenyang machine tools operating in good condition, around the company's annual business plan orderly development.　　Shenyang machine tool through scientific and technological innovation, management innovation, business innovation, accelerate product structure adjustment, strengthen cost control, improve operation quality, improve profit space, the main business continued steady and healthy development trend. Shenyang machine Tool said that 2010, the machine tool market competition is more intense, with the convergence of technology and homogenization of the emergence of competition, industrial machinery manufacturing industry into the era of meager profit. In the second half of 2010, the company downstream industry will still be in the capacity expansion period, machine tool demand will maintain a faster growth.　　Under the influence of the iron ore price rises greatly, the steel price rises pressure is big, the potential will cause the company raw material cost to increase.　　Profit distribution plan: Shenyang machine Tool said that during the reporting period, the company does not carry out profit distribution, nor do Provident Fund to increase equity. Related topics: Semi-annual report of 2010 listed Companies