Moso Power released the first quarter results forecast for 2012. The company estimates that Q1 is attributable to the listed company's shareholders' profit of 707-0.11 million yuan this year, or 0%-30% compared with last year's 10.1 million yuan.
Mao Shuo said that the reason for the decline in profitability this quarter was mainly due to the impact of the European debt crisis in the second half of 2011 and the overall poor performance of the international market. The sales volume of the company's overseas business also declined to a certain extent compared with the same period; The minimum wage of full-time employment workers in Shenzhen rose by 13.6% year-on-year. The employment cost of enterprises increased during the reporting period, which caused certain impact on the gross profit margin of the company's products. In addition, the subsidiary Shenzhen Maoshuo New Energy Technology Research Institute and The number of configuration personnel in the research project of Shenzhen Huazhi has increased, and the corresponding R&D investment has been increased, resulting in an increase in management costs.
Mao Shuo said that the reason for the decline in profitability this quarter was mainly due to the impact of the European debt crisis in the second half of 2011 and the overall poor performance of the international market. The sales volume of the company's overseas business also declined to a certain extent compared with the same period; The minimum wage of full-time employment workers in Shenzhen rose by 13.6% year-on-year. The employment cost of enterprises increased during the reporting period, which caused certain impact on the gross profit margin of the company's products. In addition, the subsidiary Shenzhen Maoshuo New Energy Technology Research Institute and The number of configuration personnel in the research project of Shenzhen Huazhi has increased, and the corresponding R&D investment has been increased, resulting in an increase in management costs.
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