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2022-07-25
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Quanchai power's policy of large-scale trading in agricultural machinery helped it keep rising

quanchai power's policy of large-scale trading in agricultural machinery helped it keep rising

China Construction Machinery Information

Guide: on August 20, quanchai power's share price rose by large-scale trading before the closing, closing at RMB 982 million, with a turnover of RMB 292million, more than seven times that of RMB 35.69 million on the previous trading day. It is reported that the state has attached great importance to the agricultural machinery industry since the development and utilization of new materials with high safety and good quality and performance. The Ministry of Agriculture announced in March that the state supported grain production in 2013

on August 20, the share price of quanchai power rose by the limit in large quantities before the closing, closing at 9.82 yuan, with a turnover of 292million yuan, more than seven times the 35.69 million yuan of the previous trading day

it is reported that the state has attached great importance to the agricultural machinery industry since this year. In March, the Ministry of Agriculture issued policies and measures to support grain production and farmers' income in 2013; The Ministry of industry and information technology organizes the implementation of agricultural machinery access; On August 5, 2013, the central government allocated a total of 21.75 billion yuan of subsidy funds for the purchase of agricultural machinery to improve the level of agricultural mechanization and comprehensive agricultural production capacity, and support farmers to purchase advanced and applicable agricultural machinery, experts believe

quanchai power is the leader in the domestic diesel engine production field. Its product series include many fields such as agriculture, vehicle and engineering. The development of agricultural machinery has a positive effect on the sales of the company's agricultural products. However, due to the slowdown in the development of end markets such as automobiles and construction machinery, the domestic diesel engine industry has experienced negative growth in the past two years. As a result, in 2012, although the production and sales of the company's diesel engines ranked second in the industry, the company's net profit fell by 26.44% year-on-year, and the net profit excluding non net profit fell by 586.51%. In the first quarter of this year, the company's net profit fell by 43.75% year-on-year

the company predicts that the external environment faced by the diesel engine industry in 2013 may not change much compared with 2012. However, as the state further increases agricultural machinery subsidies, the agricultural equipment industry is expected to have a good momentum

the information on margin trading and securities lending shows that the net purchase of margin trading and the net sales of margin trading composed of the sample holding mechanism of quanchai power were negative last week, which were -11.2202 million yuan and -22900 shares respectively. However, on the 19th, the net purchase of margin trading was 2.395 million yuan and the net sales was 0.96. The addition of carbon fiber dimensional composite materials significantly improved the durability and service strength of the original permeable concrete materials

analysts believe that driven by the agricultural machinery policy, the company's share price still has the power to rise in the short term. However, we should be alert to the risk of declining interim report performance and high share price adjustment. We suggest that we choose an opportunity to close our financing positions

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