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Article: ZONGSHEN POWER MACHINERY NET UP 60% IN Q1 08
- Article from:
- AsiaInfo Services
- Article date:
- May 2, 2008
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AsiaInfo Services
05-02-2008
Zongshen Power Machinery Net Up 60% in Q1 08
CHONGQING, May 02, 2008 (SinoCast via COMTEX) -- Chongqing Zongshen Power Machinery Co., Ltd. (SZSE: 001696), a leading manufacturer of motorcycle engines in China, announced on April 29, 2008 that its net profit surged 59.54% to CNY 52.35 million during the first quarter of this year.
The listed company's turnover in the period rose 34.85% over the same period of 2007 to CNY 808.81 million, with earnings per share hitting CNY 0.11, net asset per share hitting CNY 2.64 and return on equity reaching 4.29%.
Its Q1 performance was associated with its fast growth in 2007. Its controlled subsidiary ...