Changying Precision's 2012 Q1 net profit increased by 40%, earnings per share of 0.25 yuan

Changying Precision's total revenue of Q1 in 2012 was 235 million yuan, up 47.05% from the previous year's 160 million yuan; net profit attributable to shareholders of listed companies was 42.6 million yuan, up 40.09% from the previous year's 30.41 million yuan; basic earnings per share 0.25 yuan, an increase of 38.89% over the previous year's 0.18 yuan.

According to the company, the increase in operating income was due to the increase in sales of the company's leading customers and the sales of the company's leading products; the increase in net profit was mainly due to the company's new business, increased sales of leading products, and over-expansion of production.

The company released the net profit distribution plan last year. It plans to use the total share capital of 172 million shares as of December 31, 2011 to transfer 5 shares of capital reserve to 5 shares, and to distribute cash dividends of 1 yuan (including tax) for every 10 shares. A total of RMB 17.2 million (including tax) was distributed for the discovery of the gold dividend, and the remaining undistributed profits were carried forward after the annual distribution.

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