Today, Bo investment earnings (000,760 to close at 4.2 yuan) by 2008 Bannian Bao, the first half of the company to achieve operating income 257 million yuan, an increase of 14.11 percent; -538.58 million net profit, down 209.17%; per share Income -0.03 yuan.

The Board reported that the first half due to the continuing macroeconomic regulation and control, energy-saving emission reduction, fuel prices and other factors, automotive vehicle manufacturing industry decreased profits space, vehicle manufacturers will reduce the risk of further profit passed on the auto parts Industry, makes auto parts production enterprises to further reduce the profitability of space, plus steel and other raw materials prices and other factors, led to the company during the reporting period operating loss.

Axle the first half of the company products revenue 222 million yuan, of the total business income of 86.38 percent, while year-on-year increase of 52 percent, but operating costs during the reporting period substantial increase 60.83 percent, resulting in gross margin declined by five percentage points to 9%. Automobile parts the first half of income 27.3181 million yuan, down 63.37 percent.

Although the company in late 2007 to get involved in the real estate industry, but real estate projects during the reporting period due to the reasons for the Olympic Games have not yet started, it did not generate revenue.

Ban Nianbao show that the current situation of the company's financial difficulties. Generated from operating activities net cash flow from the same period last year to 12.7527 million yuan fell -1040.88 million, down 181.62%; end of the short-term borrowing to 87.6 million yuan, an increase of 9.333 million yuan the first half; accounts payable for 161 million Yuan, an increase of the beginning of 18.9767 million yuan; financial costs from the same period last year significantly increased to 1.2537 million yuan of 5.3957 million yuan, up 330.38 percent increase substantially.