Performance of ZHUZHOU KIBING GROUP CO.,LTD. (601636.SH) gets slowdown, and the capacity expands continuously

   Date:2012/02/17

ZHUZHOU KIBING GROUP released the performance predictions report on Feb.15, 2012, according to which, the operating revenue is expected to be RMB2.037 billion, increasing by 6.92% YOY, and net income RMB213 million, decreasing by 35.09% YOY.

At the end of 2011, Zhuzhou Kibing Group has seven glass production lines, with the total scale of 1.38 million tons. According to the current announced plan, the company will increase six production lines within the next three years (2012-2014), and the total production capacity will reach 2.64 million tons, up 91% compared with 2011, and with an average annual growth rate of 24% correspondingly.

Source:Researchinchina

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