The hottest XCMG technology's operating profit dec

XCMG Technology: operating profit decreased by 94% and net profit increased by more than 10 times

on the evening of August 25, XCMG technology released 4. The semi annual report of Italian imported oil pump units. During the reporting period, the company achieved an operating revenue of 1.946 billion yuan, a decrease of 0.57% from 1.958 billion yuan in the same period last year; The operating profit was 1.026 million yuan, a decrease of 94.68% from 19.295 million yuan in the same period last year; The net profit attributable to the parent company was 13.303 million yuan, an increase of 1122.83% compared with 1.0879 million yuan in the same period last year

XCMG's net profit increased more than 10 times, mainly due to the reduction of income tax rate in the first half of the year, the year-on-year reduction of income tax by 18.68 million yuan, and the reduction of gross profit margin

the net profit increased by more than ten times, and XCMG machinery made a sprint for its overall listing

according to the semi annual report of XCMG technology, during the reporting period, the company's net profit attributable to the parent company was 13.303 million yuan, an increase of 1122.83% compared with 1.0879 million yuan in the same period last year

the reason why the net profit increased more than ten times year-on-year is explained in the semi annual report: XCMG technology was recognized as a high-tech enterprise on October 21, 2008, and the income tax rate implemented during the reporting period decreased by 10 percentage points compared with the same period last year, resulting in a decrease of 18.68 million yuan in income tax expenses compared with the same period last year

in addition, XCMG technology said that during the reporting period, the company strengthened the product differentiation strategy, actively promoted the sales of new products, and improved the overall profitability of the company's products. The gross profit margin increased by 5.21 percentage points over the same period last year, increasing the profit by 93.45 million yuan

not long ago, the overall listing plan of XCMG machinery, the major shareholder of XCMG technology, was approved by the CSRC, and has entered the sprint stage of overall listing. Due to the different shrinkage rates of the same material produced by different factories

on June 25 this year, XCMG technology received the reply from the China Securities Regulatory Commission for experimental standards, approving the company to issue 322357031 shares to XCMG Construction Machinery Co., Ltd. to purchase relevant assets. At the same time, XCMG machinery made a prediction on the profit of the assets purchased: the net profit in 2009 was 958.9762 million yuan, 2010 was 101.14844 million yuan, 2011 was 1109.1848 million yuan, 2012 was 118.25412 million yuan, 2013 was 1236.0456 million yuan. At the same time, it made a guarantee that within the guarantee period, if the actual profit of the target assets is less than the predicted net profit, XCMG machinery is responsible for compensating XCMG technology for the difference in net profit

operating profit fell by 94.68%

although XCMG technology's net profit attributable to the parent company increased by more than ten times, its operating profit fell sharply. During the reporting period, the company achieved an operating profit of 1.026 million yuan, a decrease of 94.68% from 19.295 million yuan in the same period last year

XCMG technology interim report shows that although the company's operating income in the first half of the year was as high as 1.946 billion yuan, its management expenses and asset impairment losses also increased significantly

in the first half of this year, XCMG's technology management expenses increased by 95.05 million yuan over the same period last year. The company said that the main influencing factor was that the San Bao fee increased by 28.59 million yuan during the reporting period; The company increased the cost of new product design, development and trial production by 24.08 million yuan; The consolidation scope of the financial statements changed, and the consolidated Nanjing XCMG Automobile Manufacturing Co., Ltd. increased the administrative expenses by 23.39 million yuan

the company's asset impairment loss increased by 9.31 million yuan over the same period last year. The main influencing factor is the increase of bad debt reserves accrued during the reporting period

in addition, XCMG's investment income also increased significantly. The company achieved an investment income of 7.832 million yuan in the first half of the year, an increase of more than 3 million yuan from 4.476 million yuan last year

the non operating income of XCMG technology in this period increased by 738264.25 yuan compared with the previous period, with an increase ratio of 75.15%. The main reason for the increase is that the consolidation scope of financial statements changed during the reporting period, and the consolidation of Nanjing XCMG Automobile Manufacturing Co., Ltd. resulted in an increase in non operating income