The First Quarter Net Profit of Tianrun Crankshaft Co., Ltd Rose Nearly 30%

Resource from: CBCC Likes:2980

May 23,2011

Recently, Tianrun Crankshaft Co., Ltd announced that the operating income of the company achieved RMB 395 million in the first quarter, an increase of 26.89％ compared with the same period of last year; The net profit of the company achieved RMB 56.56 million in the first quarter, an increase of 28.86% compared with the same period of last year. The company also plans to privately issue shares of no more than 43 million,raising no more than RMB 1.08 billion for the production of the heavy,medium,light engine crankshafts and engine crankshafts for automobile and ships. When project is put into operation in 2012, its annual capacity of crankshafts is expected to double that of the 2010, reaching 1.6 million pieces.

(CBCC)

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