1. Friday May 25, 2018
      Home > News > Economy
      Text:| Print|

      Tough times for construction machinery firms

      2012-10-31 09:26 chinadaily.com.cn     Web Editor: qindexing comment

      Xuzhou Construction Machinery Group (XCMG) has reported a three-year low in net profit during the third quarter.

      Revenue during the period reached 6.84 billion yuan ($1.1 billion), up 20 percent year-on-year from the same period last year, but down 31 percent quarter-on-quarter.

      Net profit was 378 million yuan, a year-on-year fall of 37 percent, and a three-year low.

      Despite the declines, the machinery giant still appears to be following an aggressive expansion strategy, however.

      It plans to move into the rare earths industry by investing 490 million yuan through one of its wholly-owned subsidiaries to form a new company with other two enterprises, with XCMG holding 49 percent of stake in the new company.

      Including that new company, XCMG has announced nine investments this year, amounting to over 2 billion yuan, more than the total net profit generated in the first three quarters, according to a report in caijing.com.cn.

      Meanwhile, Sany Heavy Industry Co Ltd, another machinery giant in China, has also reported dropping performance figures for the first three quarters.

      Sany gained a net profit of 5.87 billion yuan for the Jan-Sept period, a 23.43 percent fall year-on-year, and compared to the 13.12 percent fall recorded in the half-year.

      Comments (0)

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 亚洲综合激情视频| 久久亚洲精精品中文字幕| a级片在线免费看| 国产日产亚洲系列最新| 无遮挡免费一区二区三区| 国产精品亚洲精品日韩已方| 一区二区视频在线免费观看| 国产亚洲?V无码?V男人的天堂| 一个人免费观看www视频| 亚洲日韩激情无码一区| 久久免费观看国产精品| 亚洲福利一区二区三区| 成全高清视频免费观看| 国产亚洲精品bv在线观看| 成人爱做日本视频免费| 深夜a级毛片免费视频| 亚洲精品国产精品乱码在线观看| 免费国产成人18在线观看| 亚洲欧洲精品视频在线观看| 午夜时刻免费入口| 视频免费1区二区三区| 国产v亚洲v天堂无码网站| 1000部无遮挡拍拍拍免费视频观看| 99热亚洲色精品国产88| 日韩视频免费一区二区三区| 一级毛片免费全部播放| 亚洲AV无码一区二区二三区软件| h视频在线免费看| 曰批全过程免费视频免费看| 亚洲v高清理论电影| 免费的黄网站男人的天堂 | 妞干网免费视频观看| 亚洲1区2区3区精华液| 国产亚洲av片在线观看18女人| 91福利视频免费| 久久亚洲中文无码咪咪爱| 亚洲线精品一区二区三区影音先锋| 美女内射毛片在线看免费人动物| 国产亚洲视频在线观看| 亚洲国产精品无码专区影院 | 亚洲码欧美码一区二区三区|