Nantian
Nantian's principal activities are in ATMs and other specialised financial equipment including electrical products, software and systems integration. The Group's major products include small open mode machines used by bank systems, financial terminal systems, specialized bankbook printers and ATM machines.
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China Bioenergy reports 231% profit growth and good conditions for 2009
China Bioenergy has said it expects to report 2008 profits of US$28.5m, an increase of 231 percent on 2007, and anticipates further gorth in 2009.
It expects profit growth in 2009 with an increase in fuel consumption and a 50 percent drop in the price of waste cooking oil, which makes up over half of the company’s raw materials. China Bioenergy is also well-placed to benefit from continued state support for biofuels, including tax incentives.
Although the average price of China Bioenergy's products decreased 22.3 percent in 2008, this was less than the fall in the world crude price, as domestic prices were held at lower levels during 2008. The company's bio-diesel profit margins have remained largely similar due to the decline in raw material prices.
The company plans to expand biodiesel production from 100,000 to 150,000 tons and expand distribution by adding retail service stations, predicting the increasing sales volume will both offset the impact of the fuel price decrease and raise profits.
It also explained changes in market conditions and their impact on the company's 2009 growth plans. From January this year, previously state-controlled fuel prices have become linked more closely to the global oil price.
