Shanghai Prime Report Fiscal Result First-half

Resource from: cbcc-yinx Likes:2947

Aug 22,2006

Shanghai Prime Report Fiscal Result First-half Shanghai Prime Machinery Stock Co.,Ltd reported their fiscal first-half result, for the period ended June 30, 2006. Sales of bearing business in the period were RMB130 million, increased by a year-on-year 19%; operating margin hit RMB19 million, 1.38 times higher than the same period last year. Gross profit rate of bearing business were 26%, compared to the 19% in last year. Shanghai Prime Machinery Stock Co.,Ltd is formed by Shanghai Electric, Shanghai Electric Assets Management Co.,Ltd, Shanghai Electric Industrial Co.,Ltd, Shanghai Tongyong Machinery Co.,Ltd. They specialized in manufacturing various machinery spare parts, like bearings, fasten parts, cutters, electrical motors etc. They have several subsidiaries in China, including Shanghai Tianan Bearing Co.,Ltd, Shanghai United Rolling Bearing Co.,Ltd, Shanghai General Bearing Co.,Ltd, Shanghai Bearing Imp & Exp Co.,Ltd etc.

(cbcc-yinx)

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