The net profit of the Xugong increases nearly 70% Youngor floating surplus exceeding 1 billion

Xu Machinery (000425, closing price 60.00 Yuan) The 2010 Annual report was released today, with nearly 70% per cent of the growth expected to be comparable to previous market expectations. Notably, the 8 investors who participated in the company's targeted offerings last October were close to doubling their book wealth by yesterday's closing.　　Among them Youngor (600177, closing price 12.03 yuan) book profit amounted to 1.159 billion yuan.　　Net profit rose 68.04% in total revenue year-on-year growth of only more than 20%, Xu Machinery 2010 net profit increased by about 70%. It is known from the annual report that in 2010, Xu Machinery realized a total operating income of 25.214 billion yuan, an increase of 21.81% from a year earlier, and a net profit of 2.926 billion yuan, up 68.04% from a year earlier. The basic earnings per share is 3.22 yuan.　　In addition, the company last year's non-recurrent profit and loss contributed about 100 million yuan of performance. The root cause of a disproportionate increase in the company's revenue and net profit is that the gross profit of main products shows an increasing trend. Among them, the main revenue accounted for the largest crane gross profit margin of 25.19%, up from the same period of 2.76%; shovel soil transport machinery gross profit margin of 13.16%, year-on-year growth of 2%; other compaction machinery, concrete machinery, road machinery and other profit levels have improved,　　Only a small proportion of fire-fighting machinery and construction machinery spare parts gross profit margin was significantly reduced by 11.66 and 7.5% respectively. The company exports year-on-year growth of 20.24%, but the proportion of total revenue is less than 9%, slightly lower than the same period a year ago.　　Domestic market growth is also faster than export, to 25.32%. The doubling of the benefits of Youngor it is noteworthy that after the implementation of the Xu machinery of directional additional, its share price basically unilateral rise, as of yesterday close has reached 60 yuan whole, and 30.50 yuan of additional prices nearly doubled.　　That makes 8 of the financial and strategic investors who participated in the issuance last October a full pot. Among them, Youngor was assigned 39.3 million shares to become the biggest winner in last year's directional additional issue, the closing book profit has reached 1.159 billion yuan. In addition, Zhongcai Mingyuan, Ping An venture, Shanghai Chong, Jiangsu Hui Hong Group, New World Strategy, aerospace Technology finance company and the weapons finance company also all benefit. A total of 8 participating institutions were allocated 164 million shares and the book yield was close to 4.838 billion yuan.　　The circulation time for these non-public offerings is October 13, 2011.　　In addition, the company yesterday also announced the 2010-year profit distribution implementation rules, to the company December 31, 2010 total equity 1.031 billion shares as the base, to all shareholders 10 shares sent 10 shares sent 1.20 yuan. This will be the last profit distribution before the company's H-share listing, and the company's H-share listing financing work or will soon have substantial progress in the future. Responsible Editor: NF058