Yu Gang, general manager of Chongqing in mechanical and electrical performance press conference, said the first half by the impact of policy factors, leading commercial vehicle parts business revenues. Although the revenue from private car parts increased slightly, the income from commercial vehicle parts of major business decreased significantly. The commercial vehicle steering system recorded a decrease of 44.8%, but he pointed out that the sales of commercial vehicle parts rebounded significantly in July. It is believed that the The three quarters will stabilize and believe that the commercial vehicle plate has bottomed out. With the government pushing for inventory, and truck sales reaching the peak season in November, the decline in the revenue of commercial auto parts will narrow in the future. Yang Quan, deputy general manager, said that in the first half of the year, order revenue was 7.8 billion yuan, a year-on-year drop of 10%. In terms of the volume of orders, the hydropower equipment business is saturated, but other businesses have a 20% to 30% decline. At present, the amount of orders on hand is about RMB 3 billion, but the target for annual sales is still not enough, he added, referring to vehicles. The decline in business will narrow, while the general machinery business and electrical equipment business will continue to grow steadily, which will have a greater impact on the CNC machine tool business. Chairman Xie Huajun said that in the second half of the year, with the effectiveness of the policies, the macro economy will be better than the first half of the year and be optimistic about the prospects. Capital expenditure will be higher than in the first half. He added that overseas mergers and acquisitions will not stop. In addition, the company announced at the end of October last year that it will build a mid- and heavy-duty vehicle transmission production base in two phases. The first phase of 200,000 transmissions will begin production in the second half of the year. It is expected that the entire base will be capable of producing 400,000 units a year. Powdered Waste Incineration Activated Carbon Powdered Waste Incineration Activated Carbon,Coal-Based Columnar Gas Activated Carbon,Coal-Based Column Solvent Activated Carbon,Coal-Based Column Carrier Activated Carbon Shanxi Xinhui Activated Carbon Co.,Ltd. , https://www.adsorbac.com
Chongqing Electromechanical: Commercial vehicle parts will stabilize in the third quarter considering overseas acquisitions