Weichai expects net profit to increase by 60%-70% year-on-year in the first three quarters
Weichai Power announced the forecast for the first three quarters of 2014 in the evening of October 14, 2014. It is expected that the Company's net profit attributable to shareholders of listed companies from January to September 2014 will be approximately RMB 4.322-4.633 billion, up 60%-70% year-on-year. . Realize basic earnings per share 2.16-2.32 yuan. Among them, the net profit attributable to the shareholders of the listed company from July to September 2014 was approximately RMB5.58-868 million, representing a year-on-year change of approximately -10% to 40%. Weichai Power stated that the increase in public performance was mainly due to the inclusion of KIONGROUPAG, a company listed on the Frankfurt Stock Exchange of Germany, as Kion Company. According to the "Accounting Standards for Business Enterprises No. 20 - Business Combinations" and the "Accounting Standards for Business Enterprises No. 33 - Consolidated Financial Statements", in the consolidated financial statements, the company will use Kion The shares of the company are re-measured based on the fair value at the acquisition date, and the difference between their fair value and book value is included in the current investment income of the company; at the same time, other comprehensive income relating to the shares are also transferred to the current investment income of the company. After the completion of the consolidated statement, the net profit attributable to shareholders of the company increased.
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