The hottest Omar electric appliance plans to inves

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Omar electric appliance plans to invest 30million yuan to establish a plastic and mold subsidiary

Guangdong Omar Electric Appliance Co., Ltd. announced yesterday (June 17) evening that due to the needs of business integration, the company plans to invest 30million yuan in fixed assets and monetary funds to establish a wholly-owned subsidiary Zhongshan Omar electric appliance accessories Co., Ltd. Business scope of the wholly-owned subsidiary: production and sales of household appliance accessories, hardware and plastic products, and molds

according to Omar's previous announcement, the company achieved a net profit of 19.9632 million yuan in the first quarter of 2013, a year-on-year decline of 27.25%, and earnings per share fell 17.39% year-on-year. During the period, Omar's inventory increased, advances received increased, sales expenses and administrative expenses increased, etc. For the performance in the first half of 2013, Omar expects the net profit attributable to the shareholders of the listed company to fluctuate between -15% and 15%

these performance characteristics show that Omar's business situation is facing a test. At this time, the establishment of an injection molding subsidiary to set foot in the upstream does not rule out Omar's purpose of trying to improve its business difficulties

its main raw materials look at the current domestic household appliance injection mold industry. In 2011, the total sales of molds nationwide reached about 124 billion yuan. 6. The operation should keep the parts of the experimental machine clean, with a year-on-year increase of 15%. Domestic molds have advantages in the United States, Japan, Europe, Southeast Asian countries and regions, as well as Brazil, India, Russia, Australia and other export markets. Omar may use its export industry to inspect whether the failure is a mature basis for the elimination of business in the mold field

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