Article: PINGGAO ELECTRIC 08 REVENUE HIKED 49.79%


AsiaInfo Services
03-12-2009
Pinggao Electric 08 Revenue Hiked 49.79%

PINGDINGSHAN, Mar 12, 2009 (SinoCast Daily Business Beat via COMTEX) -- Henan Pinggao Electric Co., Ltd. (SHSE: 600312) achieved operating revenue of CNY 2.62 billion in 2008, surging 49.79% year on year, citing the Chinese electric power equipment manufacturer's financial report.

Total profit reached CNY 242.296 million, hiking 54.63%. Net profit leapt 17.76% to CNY 207.34 million, of which, 58.29% was return on investment in Henan Pinggao Toshiba High-Voltage Switchgear Co., Ltd., compared to 81.73% in 2007. Basic earnings per share increased from CNY 0.3444 to CNY 0.4056.

Gross profit margin had an annual growth thanks ...

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