Weichai Power's first-half performance increase by 70% to 100%

On July 15, 2014, Weichai Power announced that it expects the company's net profit attributable to shareholders of listed companies to increase by 70% to 100% from the same period of last year from January 1 to June 30. The company expects to realize net profit attributable to the shareholders of the listed company in the first half of 2014 of 35.44-41.70 billion yuan, and basic earnings per share of approximately 1.77-2.09 yuan.

Affected by the dullness of the heavy machine market in the first half of the year, the growth of the engine market is not very obvious. The plate that has made outstanding contribution to the performance comes from Weichai's acquisition business. The announcement stated that due to the consolidation of KION, a company listed on the Frankfurt Stock Exchange of Germany, Weichai Power's investment under the "Accounting Standards for Business Enterprises No. 2 - Long-term Equity Investment" and "Enterprise Accounting Standards No. 20 - Business Combination" It is stipulated that in the course of the consolidated financial statements, the company re-measures the Kion company’s equity held by the company prior to the acquisition date in accordance with the fair value at the acquisition date, and includes the difference between its fair value and book value in the current investment of the listed company. Revenue; At the same time, other comprehensive income related to the equity is also transferred to the current investment income of the listed company. After the completion of the consolidated statement, the net profit attributable to shareholders of the listed company increased.

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Jiangsu Laiao Material Technology Co., Ltd. , https://www.jslaiao.com