From January to June 2008, the company produced a total of 35112 trucks, an increase of 11.3% over the same period last year, with a main income of 1.87652 billion yuan, down 0.49% from the same period last year, and a net profit of 74.9424 million yuan, an increase of 143.52%. Realize earnings per share of 0.07 yuan. The increase in net profit mainly comes from the non-recurrent profit and loss of 177.663 million yuan caused by the debt restructuring of banks.

Only the main production and marketing light trucks and micro-cards left by the company for many years of "integration" are actually "left-behind troops". From the changes in the company's main business over the years and the complex equity relationship, we can see that maintaining the "existence" of the company is the main purpose.

The main business shrank and struggled over the years in the "poverty line" (earnings per share of 0 yuan).

It is worth noting that: according to the company's revenue, cost data, in the subdivision of the business gross profit margin calculation once again made a big joke, and to make a "correction announcement".

We believe that the main significance of the company's existence seems to be to retain this "shell resource" at all costs. As the A-share platform of brilliance Group, it will be fully utilized by brilliance sooner or later.

The company is expected to earn 0.12 yuan per share and 0.17 yuan per share in 2008 and 2009, corresponding to 28.5 times and 20 times dynamic price-to-earnings ratios in 2008 and 2009, respectively. Pay full attention to brilliance's return news and give it a "overweight" rating.