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Shanghai Potevio Records H1 2011 Profit of RMB 4 Mln

Shanghai Stock Exchange, 8/27/11

Chinese telecom and IT equipment manufacturer Shanghai Potevio (600680.SH) has released its financial results for H1 2011, with revenue up 31.9% YoY to reach RMB 665.09 mln.

Net income attributable to shareholders was RMB 4.09 mln, compared to a net loss of RMB 19.38 mln in H1 2010.

Revenue from telecommunications products fell 24.6% YoY to RMB 91.61 mln. Revenue from business automation products fell 50.4% YoY to RMB 51.75 mln. Revenue from engineering services fell 5% YoY to RMB 6.56 mln. Revenue from the company's automatic fare collection system business rose 71.8% YoY to RMB 59.44 mln. Revenue from product manufacturing grew 3.9% YoY to RMB 10.65 mln. Revenue from the assembly and import/export business increased 77.1% YoY to RMB 401.23 mln. Revenue from renewable energy products reached RMB 43.85 mln, compared to nil in H1 2010.

Keywords: telecom equipment intelligent transportation systems profit revenue telecom Shanghai Potevio 600680.SH H1 2011 fiscal report

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