First-half performance of Shangchai shares outweighed worries

The Shanghai Shichai Securities Co., Ltd. recently released a mid-year report that shows that the company’s total sales of diesel engines in the first half of the year have decreased by 2.67% year-on-year, and operating income has also dropped by 25.6% year-on-year. However, its net profit increased by 25.31% over the same period of last year. Obviously, the company's profitability and asset quality are in a healthy state.

The facts show that the company has achieved success in relying on new technologies and new products to open up markets. In recent years, Shanghai Diesel Engine Co., Ltd. has successfully developed series of passenger car engines such as the SC8DT and SC9DF. Among them, the SC8DT engine with independent intellectual property rights has reached the national standard and won the energy conservation and emission reduction of the CIBC bus components for the 4th China International Bus Contest in 2009. prize. It is understood that the targeted marketing of this new product has effectively increased the market share of some segments.

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