In the Central Plains: commercial vehicle sales maintained a sharp decline, the company's domestic business pressure

In the second half of 2012, the year-on-year increase in operating income and profit of Zhongyuan's internal distribution showed a downward trend compared with the first half of the year. On October 25, 2012, Central Plains released a 3Q results report. In the first three quarters of 2012, its operating income was 780 million yuan, a year-on-year increase of 6.0%, and its parent company's net profit was 117 million yuan, a year-on-year increase of 15.7%. Accumulated earnings per share for the third quarter was RMB 0.99; the company’s operating income in the third quarter fell 2.7% year-on-year, 10.5% and 10.0% year-on-year in the first and second quarters, and its parent company’s profit for the quarter increased by 12.6% year-on-year, with quarter-to-quarter increases. They were 17.5% and 16.8% respectively.

Continued to decline in the domestic commercial vehicle market, the company ZYNP supporting parts Pressure: domestic commercial vehicle market continues to decline, the market diesel engine supporting synchronized downturn, domestic vehicle with a diesel engine before the OEM cumulative fell 8.8% in the third quarter, which Heavy and medium-sized diesel engines fell 22.0% year-on-year, while minor diesel engines fell 2.1% year-on-year. Sales of upstream host plants decreased. Pressure on downstream components gradually increased, and the pressure on supporting parts companies increased quarter by quarter. Overseas support maintains high growth: In the North China region, the amount of supporting equipment and the rapid increase in the amount of equipment in the Central Plains, the European market has also begun to accept new orders, and the overseas market still maintains 40-50% of sales growth.

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