Nanyang shares proposed 10 ext. 10 $1.2

Nanyang shares (002212) annual report said that 2010 to achieve operating income of 1.857 billion yuan, an increase of 47.06% per cent, to achieve the ownership of the listed company net profit of 131 million yuan, an increase of 2.54%. The company intends to transfer 10 shares per 10 shares to all shareholders, with a cash dividend of 1.20 yuan per 10 shares (including tax).　　The company plans to achieve 2011 sales revenue of 2.2 billion yuan, and strive to reach 2.5 billion yuan. Nanyang shares said that the company's revenue to achieve 47.09% growth, mainly because of product sales prices with the rise of copper, and the company's environmental protection of special High-voltage XLPE cable project production. And profit growth is less than the increase in revenue, in addition to the reasons for the sharp increase in raw materials, the company's IPO project production capacity has not yet fully released, fixed costs and higher costs, affecting the company's earnings. (Fuhau)