Zhongda Shares Net Profit Increased By 50%-100% In 2010
On the evening of January 13th, China University shares (600704.SH) publish a notice of pre performance increase, which is estimated to be attributable to shareholders of the parent company in 2010. Net profit It has increased by 50%-100% over the same period last year.
The company said that the reasons for the increase in performance include the increase of item company's settlement income of the subordinate real estate companies by about 50% compared to 2009. The sales volume of the subsidiaries of Yuantong group was larger than that of 2009, and the sales volume of vehicles in 2010 was 151179, and the total business revenue increased by 20% over the previous year.
Galaxy Securities
According to the report, Zhongda real estate has chosen the two or three line cities along the Yangtze River as the key areas of development, forming a unique layout strategy of the Yangtze River strategy. The company's real estate business development ideas are clear, and the 2010-2012 year's settlement peak has formed strong support for the company's performance. Secondly, China's automobile sales and service market has huge potential and its annual growth rate will reach 25-30%. With the continuous improvement of market concentration, more car dealers will take advantage of the capital market. It is estimated that the compound growth rate of net profit of automobile business will reach 44.79% in 2010-2012 years.
Zhongda shares realized sales revenue of 21 billion 796 million yuan in the first three quarters of 2010, an increase of 35.95% over the previous year, and realized a net profit of 290 million yuan to the parent company, achieving a profit of 0.66 yuan per share.
In the third quarter, sales revenue was 7 billion 889 million yuan, an increase of 29.23% over the previous year, and the net profit of the parent company was 56 million 120 thousand yuan, achieving a profit of 0.13 yuan per share.
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