Key points of investment
At the end of 2009, the company once again lost a huge amount of money and once again put on its hat. In the first quarter of 2010, based on income from debt restructuring, earnings per share were 0.14 yuan. Incidents like this have become commonplace for Jinbei Auto.
In 2010, it was difficult for companies to maintain a profit situation by relying on a gross margin of 11% in the light truck and microcard business. Earnings from debt restructuring in the quarter could guarantee earnings of 0.04 yuan per share, at least not delisting.
In recent years, Brilliance Auto Group has cleaned up equity, rationalized asset relationships, laid out personnel, and continued to make strategic and strategic actions. It has also gone to great lengths to arrange Jinbei Auto. There is only one goal: to preserve the shell resource of A-shares and wait for Brilliance Auto to return to A-shares.
The company is expected to earn 0.04 yuan per share in 2010. Given Brilliance's arrangements for the company, full attention is being paid to Brilliance's return to A-shares.