Wanxiang Qianchao Co., Ltd. Releases 2008 H1 Report

Resource from: CBCC Likes:2929

Aug 18,2008

Wanxiang Qianchao Co., Ltd. has announced that the company achieved RMB 115.57 million in net profit during the first half of 2008, a 3.62% decrease compared to the corresponding period of 2007. The company reported EPS was RMB 0.124 and RMB 215.73 million from operation profits during the first half of 2008. Wanxiang Qianchao Co., Ltd. is principally engaged in the manufacture and sale of automobile parts. The Company's major products include automobile chassis, suspension systems, braking systems, transmission systems, rubber sealing articles, bearings and other automobile parts. The Company operates its businesses mainly in the domestic market. As of December 31, 2007, the Company had 13 major subsidiaries and two associates, engaged in manufacturing automobile components, steel trading and providing financial services. The Company is headquartered in Hangzhou, Zhejiang Province, the People's Republic of China.

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