Fin CNC Medium-term net profit 13.86 million Yuan 51.49%

NetEase financial July 28 fin CNC Wednesday evening in the Shenzhen stock published 2010.5 annual report. In the first half of 2010, fin CNC realized operating income of 142.8704 million yuan, realize operating profit of 11.3446 million yuan, achieve net profit of 13.8636 million yuan, compared with the same period last year, down 24.66%, 65.04%, 51.49%　　Basic earnings per share of 0.10 yuan, down 50% year-on-year. Fin numerical control, resulting in reduced operating income, the main factors are as follows: (i) affected by the downstream industry, customer production task is not full, resulting in reduced orders, has entered into force of the contract customers can not be in accordance with the agreed period of delivery. Compared with the same period last year, the tower CNC complete sets of processing equipment sales revenue significantly reduced. (b) Large plate CNC processing equipment contract volume compared with the same period last year, although there is no significant change, but some products concentrated in the third quarter and the fourth quarter delivery, resulting in large plate CNC processing equipment sales revenue compared to a year earlier a significant decline. (c) Facing the unfavorable situation of the Iron tower processing equipment market decline, the company has increased the construction steel structure processing equipment market and other product market pioneering strength, these two kinds of products sales income respectively compared to the same period last year to increase, to a certain extent made up for the tower NC complete sets of processing equipment sales decrease brought about the decline in business income. (iv) The cost of the company period is mostly of a fixed-cost nature, and the decline in operating income has not resulted in a decline in costs. As a result, the company's net profit fell by more than 50% over a year earlier.　　Because most of the company's products belong to customized products, in the case of customers can not pick up on time, resulting in the company inventory inventory and the same period last year, a significant increase in the net cash flow of operating activities negative.　　Profit distribution scheme: Fin Numerical Control said that the company does not carry out profit distribution or increase capital stock in the current reporting period. Related topics: Semi-annual report of 2010 listed Companies