Related News
Jiangsu Chunlan returns to profit
By Pan Xiaoyi |
May 1, 2009, Friday
|
Print Edition
Print Edition
JIANGSU Chunlan Refrigerating Equipment Stock Co Ltd returned to profit last year with the help of a government subsidy and it will submit an application to resume trading before May 8, it said yesterday.
The company said net profit reached 12.08 million yuan (US$1.76 million) last year after it posted losses the three previous years.
The company received a subsidy of 50 million yuan from the Taizhou City government in Jiangsu Province, and sold properties worth 100 million yuan to the city's Land Development and Reservation Center.
The company set a 2009 revenue growth target of more than 17 percent to 1.1 billion yuan, it said in a statement filed to the Shanghai Stock Exchange.
Last year's revenue plunged 940.55 million yuan, down 52.4 percent from 2007. The company blamed the drop on a sluggish property market, the world financial crisis and stiffer industry competition.
Trading in Jiangsu Chunlan, a listed arm of Chunlan Group Corp, was suspended on April 26, 2008. According to the country's Company Law, it would have been de-listed if it posted another loss in 2008.
The company said net profit reached 12.08 million yuan (US$1.76 million) last year after it posted losses the three previous years.
The company received a subsidy of 50 million yuan from the Taizhou City government in Jiangsu Province, and sold properties worth 100 million yuan to the city's Land Development and Reservation Center.
The company set a 2009 revenue growth target of more than 17 percent to 1.1 billion yuan, it said in a statement filed to the Shanghai Stock Exchange.
Last year's revenue plunged 940.55 million yuan, down 52.4 percent from 2007. The company blamed the drop on a sluggish property market, the world financial crisis and stiffer industry competition.
Trading in Jiangsu Chunlan, a listed arm of Chunlan Group Corp, was suspended on April 26, 2008. According to the country's Company Law, it would have been de-listed if it posted another loss in 2008.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
