Horse racing industry half year performance in advance exceeding 100%

Every reporter Li Wenyi due to the increase in regional cement market demand, today, horse racing industry (600449, closing price of 28.87 Yuan) announced the first half of the performance forecast, the company January-June net profit will grow 100%~130% year-on-year, the same period last year, the company achieved net profit of 81.7046 million yuan. More than 100% per cent of performance growth appears to be "staggering" and, in fact, is not a surprise to the horse-racing industry. Located in the Ningxia Hui Autonomous Region, 75% of the products were sold in the autonomous region last year, and in early 2008, the company completed a stake acquisition of two companies, and the two companies achieved good results last year, and were affected by the increasing demand of the local cement market, Horse racing industry in 2008 to achieve a net profit of 273 million yuan, compared to 2007 of 87.4187 million yuan, a huge increase.　　In the first quarter of this year, the company's performance rose by 353.77%. The sharp growth in horse-racing industry in recent quarters began in the two quarter of 2008, the company said that last year in the face of a number of positive policies, the company through the acquisition of restructuring, new and technical transformation of the expansion of the main business scale, and in Gansu, Qinghai and other areas to build cement production line project to carry out cement capacity layout, accelerate the development of the company outside the pace.　　and its regional cement market demand is increasing, resulting in the company's product sales increased prices, performance continued to grow. A securities firm cement industry researcher said, horse racing industry performance growth is not surprising, cement is the industrial FMCG, and has a limited sales radius, regional leading enterprises have a good momentum of development, basically unaffected by the financial crisis. Even the entire cement industry, in this year's performance will not be bad, the country's 4 trillion capital stimulus, the infrastructure industry on cement has a huge pull role. The third quarter is South China East China Cement industry sales off-season, but this does not affect the annual performance growth, the fourth quarter will have a quick recovery.