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The company's main business is single, mainly engaged in the production of automotive engine crankshaft, and has become the leading domestic industry. In 2009, the main business income was 75,795,100 yuan and net profit was 111,505,000 yuan.
Looking into the future, as the raised projects are about to be put into production, it is expected that the peak of expansion will be ushered in this year and next year and the rapid growth of the business will be achieved. The highlights are:
1. The company’s IPO raised funds to invest in the construction of the Xichai heavy truck crankshaft production line project, the Cummins heavy truck light truck crankshaft production line project, and the Weichai heavy truck crankshaft production line project. The project will be completed and put into production this year, which is expected to bring new annual net profit to the company. 10,968 million yuan.
2. Using IPO to raise funds excessively and invest in the heavy engine crankshaft casting production line project under construction. It is expected that it will be put into production in early 2011, and the company will bring total profit of 86.18 million yuan to the company after it reaches full production capacity.
Qingdao Main-Link Cleaning Equipment Co.,Ltd , http://www.qdspraygun.com