Jingye bearing the first half of 2016 revenues of 78.17 million yuan net profit
Shellfishing Reuters August 26 news, Jingye bearings (stock code: 833157) recently announced the first half of 2016. The report shows that during the reporting period to achieve revenues of 78.1695 million yuan, representing an increase of 31.85 percent over the same period last year; attributable to listing net profit for the shareholders of 10.5627 million yuan, representing an increase of 184.41 percent over the same period last year; basic earnings per share was 0.13 yuan, representing an increase of 225.00 percent over the same period last year.As of June 30, 2016, Jingye bearing assets totaled 739 million yuan, down 0.26% compared with the beginning of the period; assets and liabilities was 45.90%, compared with the beginning of the current 48.69 percent, down 2.79 percentage points. Net cash flow from operating activities for the period -2287.93 million, 23.3868 million yuan a year earlier.
Jingye bearing the first half of 2016, operating income increased by 31.85 percent over the same period last year, mainly due to increase in installed capacity of wind power market, a substantial increase Jingye bearing major customer orders arising from increased sales.
Gross margin during the reporting period was 43.42%, up 15.18 points over the previous period 28.24%, gross margin was mainly due to the price of wind power bearing upgrade, 2.0MW and above models increase the proportion of sales, gross margin products such Jingye bearing space becomes large due.