Jinyi Fasteners Industry: Expected Growth in Orders Expected to Relieve Downtime

Since October 2009, the company has received orders of more than 2 billion yuan, effectively protecting the company's steady growth in performance for several years in the future. The company is expected to pay 550 million yuan in the first half of the year. In 2010, the total high-speed rail revenue will reach 1.2 billion yuan. Considering the demand for high-speed railways to be added and updated, the high-speed rail revenue will reach annual high-speed railway revenue in 2011 and 2012 will reach annual high-speed rail revenue of 1.6 billion and 2 billion yuan, which will increase rapidly.

In addition to fasteners, the company's products also produce gaskets for high-speed rails, which can provide high-speed rails and the overall strength of the fastener industry.

profit prediction. We believe that despite the fierce competition within the company's fasteners business, the company has continued to receive high-end orders such as high-speed rail in recent years, and the company's automotive fasteners have begun to make profits in 2010, and the company's performance is expected to maintain a steady growth momentum for several years.

Suspension of the railway project is expected to be resumed. The Ministry of Railways said yesterday evening that with the strong support of the relevant state departments, the Ministry of Railways will disburse the project arrears to all construction units by the 20th of this month to ensure continuous construction of the railway projects under construction. And staff salary.

A few days ago, a number of media reported that the Ministry of Railways had resulted in the suspension of work for 90% of the country's railway projects due to the “high debt bank”. On the 1st of this month, Xinhua reported that the Ministry of Railways will receive more than 200 billion yuan in financing support in the near future.

Last night, the reporter learned from the Ministry of Railways that according to the arrangement, the funds raised will be mainly used for arrears. The Ministry of Railways will disburse the arrears of the project by the 20th of this month.

The relevant person in charge of a company under the China Railway Group told reporters last night: “The 200 billion yuan currently financing the Ministry of Railways has not yet been fully down, and it was only given to China South Locomotive and China CNR in advance. Other units are still waiting. Once the money is still owed, The restoration of normal construction of the Qing and railways will drive the construction of various areas of the railway and the economic conditions of the relevant units will be able to improve. According to the person in charge, more than two hundred billion yuan in financing may pass through bank loans and finances. The issuance of funding will ease the embarrassing situation of the suspension or slowdown of the 90% railway project of the Ministry of Railways.