Shanshan Stock: Stable Growth Of Main Business In The First Half Year

Recently, Shan Shan shares announced the 2008 China Daily. During the reporting period, the company achieved operating income of 1 billion 149 million yuan, up 14.47% over the same period last year, and realized operating profit of 67 million 526 thousand and 100 yuan, an increase of 17.83% compared with the same period last year, and the earnings per share were 0.13 yuan.

Ningbo Shanshan stock company implements the development strategy of multi industry, and is mainly engaged in the production and sales of Shanshan brand clothing, as well as the production and sale of international brand and lithium-ion battery materials, and actively developing venture capital business.

Clothing business is the main business of Shanshan stock company, and its operating income in the first half of 2008 was 691 million yuan, an increase of 26.08% over the same period last year.

The business of lithium battery materials is also the main business of Shanshan stock company. In the first half of 2008, its operating income reached 458 million yuan, an increase of 25.02% over the same period last year, maintaining fast and stable development.

Shanshan stock holds 179 million shares of Ningbo bank, with an investment cost of 182 million yuan, accounting for 7.16% of the total share capital of Ningbo bank.

The company uses the cost method to calculate the equity investment in the Bank of Ningbo. The dividend payment scheme of Ningbo bank in 2007 is: 2 yuan for every 10 shares, so the company achieves 35 million 800 thousand yuan in investment income.