Chun Zu Machinery Industry Co., LTD Registered for Emerging Stock Board
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Chun Zu Machinery Industry Co., LTD, branch of screws and nuts maker Chun Yu Group, filed a registration request for emerging stock board on December 12th. The company states that its profit is stable and that it made the most contribution in Chun Yu's reinvestment business. In addition, Chun Yu expects Chun Zu' finace will be more complete with its information more transparent and public via registration preparation. Chun Yu still remains conservative towards Q4 this year and Q1 next year. However, because of the fact that China will embark on the construction of railroad, highway and infrastructure, and that Chun Yu has already enter the supply chain of China auto plants, Chun Zu still holds a positive view towards Chinese market next year.

Chun Yu already made complete preparation for domestic fastener plants, product lines and foreign sales distribution. Most of its clients are Tier1 and Tier2 auto parts supplires. Its main reinvestments include plants in China Donguang,Taiwan, and indonesia.

The 2011 reinvestment business contributes a profit of approximately 1,270 million RMB to Chun Yu, among which Chun Zu (holding 50.95% of shares) contributed for around 95 million RMB. Furthermore, regardless of dim global economic situation this year, Chun Zu still contributed more than 70 million RMB of reinvestment revenue in the first three quarters of 2012. Chun Zu already becomes a major source of profit for ChunYu.

Chun Zu specializes in R&D and production for screws, nuts, and mold formers. It was originally a R&D department of Chun Yu factory. Later, it became the current Chun Zu Machinery Industry Co., LTD in 1974 and successfully exported to 40 countries including Japan, Germany, America, Russia etc. It even set up a Shanghai plant in 1999. Chun Zu shows stable profit performance. Its EPS is 3.5 RMB in 2010, 3.89RMB in 2011, and 1.54RMB in the first half of 2012. Chun Yu sees positive prospects for the future fastener industry and hopes to earn more profits through Chun Zu, which is expected to be qualified to apply for listed company in the second half of 2013 if everything goes smoothly.
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