Quanchai Power achieved a net profit increase of 80%-100%
Quanchai Power released the 2013 annual pre-addition announcement. After preliminary calculations by the company's financial department, it is expected that the net profit attributable to listed company shareholders in 2013 will be increased by 80% to 100% compared with the same period of last year. The net profit attributable to the shareholders of the listed company for the same period of last year was RMB 18.7315 million.
Quanchai Power Co., Ltd. stated that the main reason for the pre-increase of performance was that the domestic macroeconomic environment was stable, the automotive and construction machinery industry markets gradually recovered, and the agricultural machinery industry maintained a good momentum of development. The company sold various types of diesel engines in 2013 and grew year-on-year; the company focused on optimization. Product structure and product gross profit margin have been greatly improved.
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