Yunnei Power Announces Net Profit of 96.35 Million Yuan in the First Half of the Year to Increase 12% YoY

According to a report released recently by Yunnei Power , in the first half of 2015, the company achieved an operating income of 1451.2005 million yuan, a year-on-year increase of 21.41%, and a net profit attributable to shareholders of listed companies of 96,346,400 yuan, an increase of 12.06% over the same period of last year.

Yunnei Power Announces Half-year Financial Results Net Profit of 96.35 Million Yuan Increased by 12% from the Same Period
Yunnei Power Announces Net Profit of 96.35 Million Yuan in the First Half of the Year to Increase 12% YoY

Yunnei Power reported in the report that during the first half of 2015, the Chinese economy continued its downward trend in 2014. Due to the impact of the upgrade of domestic environmental protection requirements in the diesel engine industry, the market continued to slump. Faced with the severe market competition, the company further increased the adjustment of its product structure, accelerated product innovation and upgrading, adjusted sales strategies, and improved after-sales service quality. The company’s sales volume rose against the trend, and the market share of its products was increased. Improve and enhance the status of the industry. During the reporting period, the company sold a total of 114,395 diesel engines , an increase of 0.38% year-on-year.

In the performance forecast disclosed on the same day, Yunnei Dynamics expects the company's profit in the first three quarters of this year to be 1.36-157 million yuan, an increase of 30%-50% over the same period of last year. The reason is that Yunnei Dynamics stated that the automotive diesel engine industry has implemented the National IV emission standard since January of this year. In addition, the company has increased the adjustment of its product structure, accelerated the product innovation and upgrading, and adjusted the marketing strategy to improve the after-sales service quality. With other measures, the company’s product profitability has been further improved.

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