Wanxiang Qianchao's 2010 net profit growth of 50-70%

Wanxiang Qianchao recently announced that the net profit for 2010 is expected to increase by 50-70%.

On April 7, 2010, the company implemented a public issuance program and issued 200 million A shares. After the issuance, the total share capital of the company increased to 1,225,587,365 shares. The basic earnings per share in 2010 was calculated on the weighted average of the company’s latest total share capital. Earnings per share are calculated based on the total share capital of 1,025,587,365.

In 2010, the domestic automobile market continued to show rapid growth and led to the growth of the company's business scale. At the same time, the company's continuous "adjustment, improvement, and improvement" work in recent years began to show results. The company's product structure and market level upgrades have improved results. Began to reflect that the auto parts business and benefits have been greatly improved, so that the company's economic benefits have been significantly improved.

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