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Weida main product booster cables , battery clip, tow rope,ratchet tie down.

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The first half of 2010, machine tool, construction machinery and other profit doubled

 Engineering machinery, machine tools profit doubled. First half of the construction machinery market achieved revenues of 82.182 billion yuan, up 68.17%, achieved net profit of 9.455 billion yuan,booster cables  up 122.74 percent; ROE 17.31%, up to 109.6%.
    Machine tool companies in the first half revenues of 7.221 billion yuan, battery clip up 58.29%, to achieve net profit of 485 million yuan, up 99.58%;

    Machinery industry in the first half is the ideal operating conditions.tow rope  Machinery Listed Companies in mid-2010 revenues of 416.058 billion yuan, up 31.99 percent, to achieve net profit of 30.224 billion yuan, up 38.36%,ratchet tie dowm  weighted average earnings per share of 0.2071 yuan, the weighted average yield of 6.35% of net assets are less than two city average. Net cash flow from operating activities per share -0.0362 yuan, lower than the average level of the two cities.

    Recovery of electrical equipment is relatively flat. Electrical equipment during the first half revenues of 112.6 billion yuan of listed companies, up 18.97%, to achieve net profit of 8.6 billion, up 19.78%; net assets yield 6.25%, up to -18.85%.

    Heavy mining machinery business conditions in the doldrums. Heavy mining machinery companies in the first half revenues of 18.433 billion yuan, up 8.38%, to achieve net profit of 1.725 billion yuan, up 3.21%; net assets yield 5.33%, up to -40.83%.

    Machinery industry is still emerging industries as the future. Center Daily News revealed that in the first half strong and economically sensitive period of construction machinery and machine tools continued last year's strong second half recovery, earnings growth in the basic double; and electrical equipment as power generation equipment and transmission equipment, a decline in demand growth, Biaoxian relatively stable; heavy mining machinery by coal, electricity, oil, investment in basic industries, the impact of low growth, overall business conditions in the doldrums. Looking ahead, despite the first half of the construction machinery and machine tools for rapid earnings growth, but we also noticed the two sectors 2Q earnings growth has clearly lower than one quarter, we expect the second half of machinery industry development gap between different sub-sectors will have narrow, faster-growing engineering machinery and machine workers will moderate the growth rate down. On maintaining a neutral rating, the future focus is in line with economic restructuring is still an emerging industry, such as high-speed rail, nuclear power, smart grid, electric vehicles, related parts, energy saving and emission reduction.

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iande Weida Electrical Appliance Tools Co.Ltd. professionally manufacture booster cables , battery clip, tow rope,ratchet tie down.