ERJ staff report (DS)
Tianjin -- Chinese machinery maker Tianjin Saixiang Technology said 2010 net profit fell by almost 10 percent, to yuan 91.75 million (Euro 9.71 million), according to local reports. The company issued a brief statement on the Shenzhen stock exchange to the same effect.
Sales revenue in 2010 fell 17.6 percent to yuan 513 million (euro 54.3 million). The company said roughly 80 percent of its revenue comes from rubber machinery,with the remainder coming from aerospace technology.
The comapny issued its annual report for 2010 on 11 April.
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Stock exchange statement from Shenzhen stock exchange (scroll down, or search on "Saixing")
Saixiang Technology 2010 Earnings Down 9.9% Capital Vue (China)