Lifan shares IPO

Securities Times reporter Zhang Weijian, Lifan shares (601777) today began the IPO, the company's initial public offering of not more than 200 million shares, will be used under the network to inquire objects and online allocation of funds to purchase the distribution pricing method.　　The funds are mainly used in 150,000 passenger vehicle projects (phase 50,000), motorcycle production base construction project, power base project, including 200,000 automobile engine projects and an annual output of 1 million general gasoline engine projects. Lifan shares entrepreneurship at the beginning of the main product for the motorcycle engine, has developed into a motorcycle, automobile and General Motors three business plate of High-tech Enterprises, the company's products cover motorcycles, motorcycle engines, passenger cars, passenger car engine, general gasoline engine and terminal products. 2009, Lifan shares realized operating income of 5.329 billion yuan, attributable to the parent company's shareholders net profit of 305 million yuan, earnings per share of 0.41 yuan. In the first half of 2010, Lifan shares continued to maintain a rapid and healthy development posture, operating income reached 3.306 billion yuan, attributable to the parent company's shareholders net profit of 202 million yuan. As the key High-tech enterprise of National Torch Plan, Lifan stock is one of the first private enterprises to obtain national Technology Center. In the National Development and Reform Commission 2009 National Identification Enterprise Technology Center evaluation, Enterprise invention Patent Quantity ranked 24th, is the automobile, motorcycle industry only selected enterprises.