Sany operating income declined for four consecutive years by selling land to maintain a profit for s g227

Sany operating income declined for four consecutive years by selling land to keep the first half profit source: visual China with 11 billion 200 million yuan in the first half of the total revenue, Sany (600031.SH) once again won the domestic engineering machinery industry leader, but four years ago compared to the peak, the sales revenue is equivalent to only 1/3 of the time. Rely on the sale of assets and other ways to bring non recurring gains, Sany barely kept the net profit of 138 million yuan in the first half. The transaction occurred in March of this year, Sany group transferred to the controlling shareholder of 31 31 Shenzhen city science and technology limited company (hereinafter referred to as the 31 science and Technology) 81% equity, the transaction price of 450 million yuan. Founded in 2003, 31 technology has not been carried out business, the company’s employees are part-time, the past two years, the total revenue of less than $3 million. Overwhelmed by the transfer of high prices, due to the company owned a Shenzhen industrial land use rights, the assessment price reached 570 million yuan. Affected by the impact of macroeconomic and fixed asset investment growth, the domestic construction machinery industry has been shrinking for five consecutive years. The first 6 months of this year, the national fixed asset investment was $25 trillion and 800 billion, an increase of nominal growth of 9%, the lowest in recent years. Domestic sales of major construction machinery products was slightly lower than the same period last year, while exports of construction machinery products sales fell by about 10%. ZOOMLION (000157.SZ), Xugong (000425.SZ) in the first half sales revenue has shrunk to 9 billion yuan and 8 billion 100 million yuan, have declined for many years, only about 40% for the same period in 2012. ZOOMLION and Xugong also have at last received from the government subsidy, the sale of assets to bring non recurring income. 2015, ZOOMLION net profit of 83 million 470 thousand yuan, after deducting non recurring gains and losses of $449 million. That year, 520 million yuan of government subsidies so that it can be turned around, ZOOMLION new agricultural machinery sector, from the government subsidies to increase revenue. Similarly, Xugong also received a government subsidy of 160 million yuan last year, it is through the transfer of shares and related assets in exchange for another 750 million yuan of income. At the end of last year, Xuzhou Xugong Xugong Machinery Co. Ltd. (hereinafter referred to as the Shi Weiying Shi Weiying machine) 75% equity transfer to the controlling shareholder of Xuzhou construction machinery group name, the transaction price of 670 million yuan. Shi Weiying machinery net loss of 400 million yuan last year. At the completion of the transaction, Xugong profit of 540 million yuan to be thickened. Relying on a total of 850 million yuan of non recurring gains and losses, the company’s net profit last year to be maintained at $51 million. In the first half of this year, non recurring gains and losses do not have a direct impact on the profit and loss of the two companies. Xugong first half net profit of 120 million yuan, while ZOOMLION reported losses of 837 million yuan, this is the second consecutive year to produce a loss of the first half of the performance report. The other engineering machinery company Liugong (000528.SZ) with non recurring gains and losses in the first half and last year’s profit. The company’s first 6 months net profit of $15 million 990 thousand, but after deducting non recurring gains and losses, such as government subsidies, a loss of $35 million 240 thousand. These government.相关的主题文章: