Yaxing Coach issues 2011 annual performance loss announcement
31 January 2012
www.chinabuses.org: On January 19th 2012, Yangzhou Yaxing Motor Coach Co., Ltd announced that according to its financial department preliminary estimated that the net profit in the year of 2011 of the shareholders in the listed company belongs to Yangzhou Yaxing Motor Coach Co., Ltd was loss. The specific data will disclosure in the 2011 annual report. Besides, this performance forecast is not audited by the Certified public accountants.
The same period performance in last year is the net profit which is attributable to the listed company is RMB 6588985.66 and the earning of each share is RMB 0.03.
It is also reported that the performance changing reasons are the following: The intense market competition, falling product prices and the rising labor costs make gross profit margin of product drop compared to last year; The company has increased the new product research and development efforts, so the technique development costs rise sharply compared to last year; Un-receivable debts and inventory goods increase and the provision for impairment losses on the related assets.
Source : www.chinabuses.org
Editor : Lily
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