Mei Ling Electrical issued a clarification bulletin denied the benefit of the transmission of Changhong

Last month, the Chinese newspaper of Mei Ling Electric (000521) raised questions. Media reports said, "Mei Ling net profit greatly increased there is a bubble, 390 million yuan to buy changhong air conditioning business, suspected for the benefit of the transmission of the emergency Changhong." "September 4, Mei Ling Electric issued a clarification bulletin, said" under the Sichuan Changhong under the air conditioning assets, business management situation showed a good growth situation, there is no media coverage of the Changhong air conditioner Drag the company's overall performance and profitability. "Last December, Mei Ling Electric to 390 million yuan from the Sichuan changhong to buy changhong air-conditioning and Zhongshan Changhong two companies, change the body Changhong white platform." But the two air-conditioning companies 2009.5-year earnings show that the first half of changhong air-conditioning operating income close to 700 million yuan, net profit of 3.6 million yuan, operating profit rate of less than 1%.　　Zhongshan Changhong operating income of the first half of 146 million yuan, net profit of 2.52 million yuan.　　In the first half of the year, the company reported its air conditioner business gross profit margin of 7.82%, down 5.8%. In a September 4 announcement, the company said the acquisition was to fulfill the promise of Changhong's acquisition of the company, "to solve the potential competition between Changhong and meiling in the white power industry." ”