Yongmao

Yongmao

Postby millionairemind » Fri Jul 25, 2008 10:28 am

Yongmao Inks JV With Wuxi Jushen

Yongmao through its subsidiary Fushun Yongmao Construction Machinery (Fushun Yongmao) has entered into an 80-20 joint venture (JV) with Wuxi Jushen Crane (Wuxi Jushen), a high-quality crane manufacturer in Eastern China with a 34-year track record.

Under terms of the agreement, Fushun Yongmao will contribute Rmb24m cash for an 80% stake in the JV, while Wuxi Jushen will contribute Rmb6m worth of assets for remaining 20%.

The JV company, Wuxi Yongmao Towercrane Manufacturing, will produce towercranes, bridge & gantry cranes, and roof top cranes under Yongmao’s brand name.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
User avatar
millionairemind
Big Boss
 
Posts: 8183
Joined: Wed May 07, 2008 8:50 am
Location: The Matrix

Re: YongMao

Postby millionairemind » Tue Aug 19, 2008 7:31 pm

Yongmao To Acquire 66% Interest In Beijing Yongmao Jiangong Machinery
Yongmao Holdings (Yongmao) announces that its wholly-owned subsidiary, Fushun Yongmao Construction Machinery has entered into a conditional agreement with Fushun Yongmao Industry to acquire 66% of the equity interest in Beijing Yongmao Jiangong Machinery (Beijian) for cash Rmb60m. Yongmao is currently operating at or close to full capacity at the manufacturing facility at which it presently operates. The proposed acquisition will enable Yongmao to increase its own production capacity within a short period of time. It will be able to obtain controlling interest in an established towercrane manufacturer in Beijing and strengthen its position as one of the leading towercrane manufacturers in PRC. Further, the proposed acquisition will allow Yongmao to integrate its operations with that of Beijian’s and enable it to enjoy operational synergies and cost savings.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
User avatar
millionairemind
Big Boss
 
Posts: 8183
Joined: Wed May 07, 2008 8:50 am
Location: The Matrix

Re: YongMao

Postby winston » Wed Feb 09, 2011 6:08 pm

Not vested

Yongmao suffers US$212 mln Q3 loss By WINSTON CHAI

Yongmao Holdings continues to be in red, chalking up a net loss of RMB 1.4 million (US$212.3 million) for the three months ended Dec 31. This is an improvement from the RMB4 million loss it suffered in the same period last year.

Revenue was up 40.4 per cent
for its fiscal third quarter to RMB166.2 million, from RMB118.3 million in 2010.


http://www.businesstimes.com.sg/sub/lat ... 93,00.html?
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118518
Joined: Wed May 07, 2008 9:28 am

Re: Yongmao

Postby behappyalways » Tue Aug 05, 2014 9:47 am

Pretty decent result. Tat Hong has a stake in this company.

Not vested

FY1Q2015
http://infopub.sgx.com/FileOpen/YM%20-% ... eID=308160
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39906
Joined: Wed Oct 15, 2008 4:43 pm

Re: Yongmao

Postby behappyalways » Wed Nov 12, 2014 6:38 pm

Not vested.

(Their revenue might continue to fall but what I like is the growth in their overseas segment....meaning this company might be a competitive company since it is able to grow outside china.....)

2Q2015
http://infopub.sgx.com/FileOpen/Q2_FY20 ... eID=324093
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39906
Joined: Wed Oct 15, 2008 4:43 pm

Re: Yongmao

Postby behappyalways » Fri Dec 12, 2014 3:01 pm

Not vested

YONGMAO: Strong global network buffers PRC slowdown
http://nextinsight.net/index.php/story- ... c-slowdown
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39906
Joined: Wed Oct 15, 2008 4:43 pm

Re: Yongmao

Postby behappyalways » Thu Jul 23, 2015 1:25 pm

This is mainly due to lower revenue and profit margins arising from sluggish domestic PRC market conditions and lower rental revenue contribution from Macau operations following the completion of various casino projects.

PROFIT GUIDANCE FOR THE FIRST QUARTER RESULTS ENDED 30 JUNE 2015
http://infopub.sgx.com/FileOpen/Yongmao ... eID=361165
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39906
Joined: Wed Oct 15, 2008 4:43 pm

Re: Yongmao

Postby behappyalways » Tue Aug 04, 2015 11:11 am

(It just shows how bad the Chinese property market is...)

Revenue
Group revenue decreased 62.9% to RMB85.1 million in Q1 FY2016 as compared to RMB229.5 million in Q1 FY2015 mainly due to decrease in the PRC sales by 99.6% as a result of weaker domestic demand arising from sluggish PRC market conditions contributed in part by the on-going property slump and general slowdown in investment growth. The decline in PRC sales was also partly due to deferred sales of RMB31.2 million in Q1 FY2016 which will only be recognised over three to four years (see Note on deferred income under “Current Liabilities”). Asia (outside the PRC) sales also decreased by 19.6% as the rental revenue contribution from Macau operations was lower following the completion of various casino projects.
Following the decline in the PRC sales, Asia (outside the PRC) formed the bulk of the sales at 57.7% in Q1 FY2016 as compared to 26.6% in Q1 FY2015.

1Q2016
http://infopub.sgx.com/FileOpen/YM_Q1FY ... eID=363204


not vested
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39906
Joined: Wed Oct 15, 2008 4:43 pm

Re: Yongmao

Postby behappyalways » Tue Nov 10, 2015 11:23 am

The poorer performance came on the back of weak market demand across all geographical segments, especially in the PRC market where sales went down 65.2% amid a property slump and a general slowdown in investment growth.


Yongmao's 2Q earnings plunge 82% to RMB2.2 million
http://sgx.i3investor.com/servlets/fdnews/55518.jsp
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39906
Joined: Wed Oct 15, 2008 4:43 pm

Re: Yongmao

Postby behappyalways » Wed Nov 09, 2016 8:46 pm

血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39906
Joined: Wed Oct 15, 2008 4:43 pm

Next

Return to U to Z

Who is online

Users browsing this forum: No registered users and 3 guests

cron