On the 18th, Jianghuai Automobile released its 2009 semi-annual report. The semi-annual report shows that in the first half of the year, Jianghuai Automobile achieved an operating income of 9.324 billion yuan, an increase of 1.89% year-on-year. Since the company's new products have not yet produced economies of scale, its operating profit for the first half of the year was RMB 90,895,500, a decrease of 52.73% year-on-year. Jianghuai Auto's first-quarter net profit was -73,066,600. Although the company achieved a net profit of 114 million yuan in mid-2009, it was weighed down by the loss in the first quarter, which was still 31.84% lower than the same period of last year. The basic earnings per share was 0.09 yuan. For this performance, several analysts told this reporter that this performance was slightly higher than expected. Haitong Securities believes that the second quarter of 2009 will become the best quarter for Jianghuai Automobile's earnings in 2009, and Jianghuai Automobile's gross profit margin will be appropriately reduced in the second half of the year. Yesterday, Wang Min, secretary of Jianghuai Automobile Co., Ltd., told the Securities Daily: “The main contribution to the performance is the Ruifeng MPV. The profit of this model is relatively high; the sedan business still has to go through a process of quantity, and the varieties of cars are still relatively We will produce our own engines in the fourth quarter of this year." New profit growth point car business has not yet become a climate Although Jianghuai Automobile's net profit in the first half of the year has declined, it has significantly turned losses into losses compared with the first quarter of this year. Haitong Securities believes that the company's main business gross profit rate reached 19.45% in the second quarter due to light truck sales and low raw material prices, which was 5.63 and 7.35 percentage points higher year-on-year and quarter-on-quarter, respectively, so the second quarter will be Jianghuai’s full-year profit. A good quarter. During the reporting period, JAC’s strategic business sedan products achieved substantial growth. Sales of the Tongyue A-Class sedan, in particular, exceeded 25,000 vehicles in just over half a year and the monthly sales were stable at more than 5,000 units. In January-June 2009, JAC Group sold a total of 145,850 vehicles and chassis, an increase of 13.76%, of which: 21,581 units of Ruifeng MPV, an increase of 6.73% year-on-year, and 77,755 light trucks, an increase of 6.45% year-on-year, and 28,322 sedan cars. The growth rate was 309.34%, the number of passenger car chassis was 7,421, a year-on-year decrease of 46.07%, heavy trucks were 5,530, a year-on-year decrease of 26.14%, and Ruiying SRV was 5,032 units, a year-on-year decrease of 22.95%. According to the July sales and sales bulletin data released by JAC on August 7, the company’s product output including cars, MPVs, SRVs, light trucks, heavy trucks, and chassis totaled 25,709 units in July this year. The sales volume was 25,568 units, 1-7. The monthly production volume was 171,736 units and 171,233 units respectively, which was 21.7% and 22.03% higher than the same period of last year. With the company's 200,000 small-displacement passenger car engines being mass-produced and equipped, JAC will soon launch its Hyundai B-Class sedan and BMPV products. JAC believes that the strategic transformation of a comprehensive automobile company over three years has achieved initial success, and the sedan business is steadily emerging as a new profit growth point. Wang Min, director of the Jianghuai Automobile Company, said that the current performance support is based on the Ruifeng MPV model. The car has been doing so. It is necessary to increase the volume before it can produce scale effects. According to the CICC research report, Jiangyin Automobile's Yueyue and Yueyue models will be listed one after another. With its small-displacement and cost-effectiveness advantages, it is expected to promote the rapid growth of the car business, and at the same time, the increase in the engine's self-control will lead to the company's profit growth. The MPV business benefited from the economic recovery and the sales volume in the second half of the year is expected to go out of the doldrums. The sales of light trucks are expected to remain high under the direct subsidy for the autonomy of the countryside, and the company’s earnings will show an upward trend. There is still no timetable for restructuring at the government level Regarding the specific reorganization plan of Jianghuai and Chery previously disclosed by the media, it is expected to be announced in the fourth quarter of this year. JAC has already clarified earlier. JAC said it has not studied the formulation of a restructuring plan for Jianghuai Automobile and Chery Automobile. It is expected that within the next three months, there will be no equity-related issues such as asset restructuring, equity transfer, and stock issuance between JAC and Chery Automobile. Jiang Yanhuai, director of the Jianghuai Automobile Company, told the reporter: "Restructuring is the operation at the government level. We do not comment on this aspect." It is alleged that the restructuring is not a short-term pursuit of corporate profits for Jianghuai Automobile, but for long-term development. The Anhui Provincial Government promulgated the "Automobile Industry Adjustment and Revitalization Plan of Anhui Province" (hereinafter referred to as the "Planning"), and proposed that it would intensify reforms to support Chery, Jiangqi, Hualing, Changhe, Yangzi, Quanchai, etc. The market principle is to carry out joint reorganization in the province and strive to form a car enterprise group with a capacity of more than one million cars. The "planning" even formulated a timetable for the implementation of the reorganization of the automobile industry: the Anhui Provincial Economic and Information Commission formulated the plan for reorganization, and the Anhui State-owned Assets Supervision and Administration Commission formulated specific reorganization plans. The implementation time is December this year. Since Chery and Jianghuai are located in Anhui, and the businesses of the two sides are highly complementary, since 2002, Chery and JAC’s “scandals†have never ceased. However, due to the differences in the history, system, and culture of the two companies, the restructuring efforts of both parties have not been successful for seven years. For the restructuring, Jianghuai Automobile executives have also made it clear that they do not deny the reorganization, but the time is not yet ripe. CICC's yesterday's rating report maintained a cautiously recommended rating for Jianghuai Automobile, taking into account the fact that Anhui's auto industry consolidation will bring positive stimulus to JAC. Magnetic rods are exploited in industries or sectors where purification of materials is a requirement to achieve optimum quality. This type of separator rods is used for removal purpose of tramp metals from processed liquids and dry materials. This is one type of separator which assists in the removal of ferrous contaminants from areas which are difficult to clean. Engaged as Magnetic Rod suppliers our responsibility becomes even more critical as we need to validate and check all the materials coming out of the manufacturing units. As part of the process of attaining quality products, the separation rods are made to be placed at critical points of the equipment. Magnetic Rod Magnetic Rod,Filter Magnetic Rod,Standard Magnetic Filter Bar,Magnetic Sheet,Magnetic Bars Jinyu Magnet (Ningbo) Co., Ltd. , https://www.magnetbonwin.com
As an important part of the process of separation for attaining quality and pure products, these rods are made to be placed at critical points of the efficient and applicable equipment.
Application wise magnetic rods are utilized in processing industries where the separation between magnetic and non-magnetic materials can be carried out. Food production, pharmaceutical industry, plastic industry, chemical industry, agricultural industry and recycling industries are areas where the importance of such rods is noticeable. Thus we as Magnetic Rod suppliers supply the products which not only purify the material but also protect any machinery to get affected.