Wanxiang Qianchao Report Financial Results for First Half Year of 2009

Resource from: CBCC Likes:3013

Aug 11,2009

Wanxiang Qianchao Co, Ltd. released their financial result for the first half of 2009 on Aug 10. It is reported the net profit for the first half of 2009 was RMB 113 million, a decrease of 11.22% year-on-year. The total assests amounted to 5946 million until the end the first half year. The total revenue was reported to reach 242 million. Wanxiang Qianchao Co, Ltd. is the biggest professional automotive parts production enterprise in China. It was set up through stock on base of Hangzhou wanxiang U-Joint general factory which was the first class enterprise of state. The company specially produces car shock absorber assembly, different speader cross, car constant-speed universal joint and drive shaft, automotive cross universal joint assembly, bearing and special type bearing, transmission shaft, transmission, clutch assembly and different kinds of automotive rubber seal parts, etc.

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