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Fuyao Glass: Be anxious for Export Business

Post Time:Sep 15,2009Classify:Company NewsView:240

In the first half year of 2009, Fuyao company achieved operating income of 2.547 billion yuan, down 12.1%, net profit of 2.21 billion yuan to the parent company, down 49.7%. EPS, in Q1was 0.05yuan, in Q2, 0.05 yuan. This results basically matched the former expectations.

In the secondary market, today's stock decline was mainly due to the bad foreign trade and Sino-US special Tire trade safeguard protection.

 

Export business took a important part in the whole business of Fuyao Glass. With the intense national trade protection, in fact, the foreign actual consumer demand still was low. It was difficult to recovery in a short time. In addition to the policy, it was not optimistic for the situation of Fuyao Glasss export business.

 

Source: GlassInChinaAuthor: shangyi

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