subject: Cnc Gantry Profit Growth In Line With Expectations - Gantry Cnc Machine Tools, The Profit - The [print this page] East NC semiannual reports show: first half of the company's operating income of 198 million yuan, up 31%; to achieve the net profit attributable to parent company shareholders 19.42 million yuan, up 112% over the same period the previous year; weighted earnings per share 0.22 yuan, the company projected in mid-year report 2008 from January to September net profit attributable to the parent owner of an increase of 30% -60% range, in line with our expectations. NC rate
company, product upgrading. First half of the company CNC machine tools Products operating income 100 million yuan, up 67%, NC 54% rate, up 12 percent year on year, of which sales of CNC gantry machine 26 sets, the sales income of 5,206 yuan, up 84%. Although the CNC gantry machine tool sales and year-ago quarter, but unit sales increased significantly, we expect the average price of the machine gantry 2008-2010 will increase to 300-350 million / station.
Profit growth significantly faster than revenue growth. As the first half of the company's gross profit margin higher proportion of CNC machine tools to increase product sales, the company consolidated gross profit margin rose 4.33 percentage points, which, CNC gantry machine average gross margin 32.8%, up 2.8 percentage points. As our last report, forecasting, sales of heavy-duty CNC machine tools with high added value, the increase in driving the company's profitability improved.
General machine tools Sales volume decline in gross profit margin increased slightly. This year, machine tool companies to reduce low-profit models of volume orders, so the scale of general machine tools sales fell 1.18%, but gross profit margin increased 143 percent. Companies to adopt the following measures to digest the costs, including: increased casting materials such as reserves, and signed a major long-term contract suppliers to adjust prices of some 3-5% of general machine tools, weight of machine design.
Foreign sales accounting for more than 1 / 4, the highest listed companies for the machine tool industry. NC East export sales during the first half 5400 million, representing the proportion of revenue was 27%, mainly general machine tools exports (OEM sales), exports of general machine tools up to 15% margin, while domestic sales only 11-12% This is also the company's gross profit margin the first half of general machine tools did not drop one of the reasons.
A company NC rate, upgrade the product structure
First half of the company's CNC machine tool products operating income 100 million yuan, up 67%, NC 54% rate year on year increase of 12 percentage points. CNC gantry machine tool sales in the first half of 26 units, the sales income of 5,206 yuan, up 84%. Although the CNC gantry machine tool sales and year-ago quarter, but unit sales increased significantly, from the same period of 1.09 million yuan / table rose to 2.17 million yuan / Taiwan
Second, profit growth was faster than income growth
1, high value-added products to enhance profitability
First half of the company's higher margin product sales of CNC machine tools, is increasing the amount of CNC machine tools increased by 78.68% gross margin, a consolidated gross profit margin rose 4.33 percentage points, of which the average gross margin for CNC Gantry Machine 32.8%, up 2.8 percentage points. As our last report, forecasting, sales of heavy-duty CNC machine tools with high added value, the increase in driving the company to improve profitability.
2, general machine tools sales volume decline in gross profit margin increased slightly.
Ordinary machine tools because of market competition, casting prices, limited production and other reasons, the low profitability of the company to reduce the amount of machine tool orders, the sales volume during the first half fell 1.18%, but gross profit margin increased 143 percent.
Companies to adopt the following measures to digest rising costs, including: increased casting materials such as reserves, and signed a major long-term contract suppliers to adjust prices of some 3-5% of general machine tools, weight of machine design.
