During the reporting period, the company realized 44.36 million yuan in main business income, an increase of 5.02 percent over the previous year, and a net profit of-1.83 million yuan, a decrease of 2.91 million yuan compared with 1.08 million yuan in the previous year.
The expenditure on labor continues to decline. The cash paid to and for employees in the second quarter of this year was 2.9449 million yuan, which was not only lower than that of 3.6078 million yuan in the same period last year, but also about 300000 yuan (3.2446 million yuan) less than that in the first quarter of this year. Should be in preparation for restructuring.
Achieving the 2011 business target also needs the support of restructuring. In 2011, the company's business goal is: to achieve the main business income of 100 million yuan, profits of 6 million yuan; if the restructuring is not completed, then the goal is also difficult to achieve.
Maintain the profit forecast in the annual report review, and the diluted EPS in 2011, 2012 and 2013 is expected to be 0.07yuan, 0.12yuan and 0.17yuan respectively, maintaining the "overweight" rating.