The net profit of Shangchai’s shares is expected to exceed RMB 25 million in the first quarter

The company announced the performance forecast announcement on the evening of the 12th. It is expected that the company's net profit will be more than 25 million yuan in January-March 2010.

In the same period of 2009, the company realized a net profit of RMB 244.28 million and a return of RMB 0.005 per share.

The company said that in the current period, the macroeconomic situation benefited from a year-on-year improvement. The sales volume of diesel engines increased significantly year-on-year, bringing a significant year-on-year increase in sales revenue and net profit.

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