Shenyang machine tool huge subsidy to the results of the crazy rise in today's intraday plunge 7%

NetEase Finance January 17 Shenyang machine tool recently exploded in the first three quarters of last year completed 6.86 billion yuan operating income, operating profit is only a mere 66.3 million yuan, profit margin is less than 1%. And the first half of last year has been the local government two total of 137 million yuan subsidy, equivalent to the company in the period of main profit of more than twice times.　　According to the financial requirements, this money is to be included in the non-operating income, and directly into the total profit. This directly led to Shenyang machine tool in the 2010-year performance of the explosion.　　However, the abrupt changes in financial data have not changed the status quo of corporate profitability and have not improved the prospects for investors to see the company's earnings. In the third quarter of 2010, the company's main business income was 2.5 billion yuan, a 54% increase from the same period in 2009, but the net profit attributable to the parent company was only 10.7 million yuan, down 49% from the same period in 2009. The root cause of the company's decline in gross profit margin is the high cost of operating and financial.　　According to the company's three quarterly reports last year, the company's sales growth in the third quarter was 54%, but management costs rose by 72%. High "three fees", the most direct result is that the company's gross profit margin continued to decline. At the end of 2009, the company's gross margin could still reach 21.6%, and by the third quarter of 2010, gross margin was only 16.24%.　　At the same time, the company's cost rate, but reached a high level of 16.83%. In the secondary market, today the shares were low and low, down 7%.　　Now reported 11.17 Yuan, active turnover. Related News Shenyang machine tool in advance for oolong huge subsidy to the performance of crazy up 584%