综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Economy

Markets

Industries

Insights

Reports

Events

Sinoma to achieve 50% growth in 2008 profits

By Yu Hongyan (chinadaily.com.cn)
Updated: 2008-12-25 15:16

China National Materials Group Corporation (Sinoma), China's largest cement-making equipment producer, expects to see a 50 percent growth in profit earnings for 2008 despite the financial crisis, a top company official said.

Related readings:  Sinoma reports solid growth  Sinoma issued bonds without bank guarantee  Sinoma surges 42% on Hong Kong debut  Stock: Sinoma sees 282 times oversubscribe in HK

Sinoma is also expected to achieve sales of 50 billion yuan ($7.29 billion) ahead of its 2010 target, said Tan Zhongming, general manager of Sinoma.

"The whole building-material industry bore the impact of the financial turmoil," Tan said on an online forum. "We carried out countermeasures in time to respond to the financial crisis, making it possible for us to stand up to the global slowdown," Tang said.

"Our profits are expected to have grown by more than 50 percent in 2008 and we can achieve the 50 billion yuan sales target before 2010," said the group head.

The State-owned industry giant, whose business also covers non-metal materials mining, manufacturing, and engineering and construction services, boasts significant overseas operations.

Sinoma will take a prudent approach to its overseas activities, according to Tan. "We will make thorough investigations before taking action."

Tan said the effect of the government's 4-trillion-yuan stimulus package is likely to be seen in the second half of 2009.

"The new materials industry is less affected by the financial crisis compared to the traditional materials industry, especially those involved in new energy and energy-saving, which are backed by government policy," said Tan. "We have a comparative advantage over our international rivals," he added.