Despite the company’s loss of 0.109 yuan per share in the fourth quarter of 2008, the Tire Tire’s 2009 first quarter report showed that the company’s performance has seen a major reversal. In the first quarter alone, it achieved 0.11 yuan per share, and the company’s It also seems to have gained institutional favor.
The report shows that the company achieved operating income of 921 million yuan in the first quarter, a year-on-year decrease of 1.35%; net profit of 285.9939 million yuan, a year-on-year increase of 16.91%; earnings per share of 0.11 yuan. In addition, as a result of the better market conditions and prompt return of goods, the net cash flow from operating activities of the company was 276 million yuan, a year-on-year increase of 418.38%. At the end of the period, the company’s monetary capital was 467 million yuan, an increase of 49.62% from the beginning of the period.
Coincidentally, the industry leading Aeolus shares announced on April 21, 2008 annual report and quarterly report in 2009 showed that in 2008 the company suffered a loss of 97,135,500 yuan in the first quarter of 2009, the company still achieved a net profit of 5,736,300 yuan.
An analyst told reporters that with the increase in domestic infrastructure investment and the increase in the number of heavy-duty trucks, the demand for tires has been shown, the industry ushered in the upward trend; and the drop in crude oil prices led to the low price of natural rubber, It is not surprising that the profit margins of the relevant companies have been greatly increased, and the tire companies have been favored by institutions.
Hiersun Machinary & Equipment Co., Ltd , http://www.tzgasolineengine.com