Currently, 36 PRC cities have embarked on plans to build urban rail solutions such as metrosystems. This number is expected to increase as growing affluence and urbanisation drive PRC cities to upgrade their transport systems in response to the strains experienced in their current
public transport networks.
Investments into the urban rail network is expected to reach RMB220 billion in 2014, an increase of RMB40 billion from 2013.
ZEN wrote: MIDAS SWINGS TO NET PROFIT OF RMB11.5 MILLION IN 1Q2014
- Revenue up 46.7% to RMB296.9 million
- Aluminium Alloy Extruded Products Division revenue up 51.5% to RMB296.4 million
- Associate NPRT contributes RMB13.1 million to bottomline
Group revenue increased 46.7% from RMB202.4 million in 1Q2013 to RMB296.9 million in 1Q2014, driven mainly by the Group’s Aluminium Alloy Extruded Products
Division, which reported a 51.5% increase in revenue to RMB296.4 million in 1Q2014.
As a result of the above, the Group achieved a net profit of RMB11.5 million in 1Q2014. The Group’s balance sheet remains healthy, with cash and cash equivalents of RMB1.2 billion as at March 31, 2014.
Revenue 296million, Trade receivable increase by 393million to 1,393 million.
Long terms borrowing increase by 487million.
Total borrowing is 3,087million, how much interest they will need to substain in future? Just imagine from 3Q to 4Q last year the borrowing is increase by 1000million and this borrowing seems to continue trend as 1Q borrowing still is a major trend.
They still continue to finance the operation through bank borrowing and not get back from the customer what being delay in payment.
ZEN wrote: MIDAS SWINGS TO NET PROFIT OF RMB11.5 MILLION IN 1Q2014
- Revenue up 46.7% to RMB296.9 million
- Aluminium Alloy Extruded Products Division revenue up 51.5% to RMB296.4 million
- Associate NPRT contributes RMB13.1 million to bottomline
Group revenue increased 46.7% from RMB202.4 million in 1Q2013 to RMB296.9 million in 1Q2014, driven mainly by the Group’s Aluminium Alloy Extruded Products
Division, which reported a 51.5% increase in revenue to RMB296.4 million in 1Q2014.
As a result of the above, the Group achieved a net profit of RMB11.5 million in 1Q2014. The Group’s balance sheet remains healthy, with cash and cash equivalents of RMB1.2 billion as at March 31, 2014.
Revenue 296million, Trade receivable increase by 393million to 1,393 million.
Long terms borrowing increase by 487million.
Total borrowing is 3,087million, how much interest they will need to substain in future? Just imagine from 3Q to 4Q last year the borrowing is increase by 1000million and this borrowing seems to continue trend as 1Q borrowing still is a major trend.
They still continue to finance the operation through bank borrowing and not get back from the customer what being delay in payment.
ZEN
Many investors see this problem, more selling instead of buying would be seen in the coming days.
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