BOE said that the year-on-year increase in total operating income was mainly due to the increase in production capacity of the Company's production line during the reporting period; operating profit, total profit, net profit attributable to shareholders of listed companies, and lower basic earnings per share were mainly due to the transfer of Ordos by subsidiaries in 2011. The equity of Jingdong Energy Investment Co., Ltd. was caused by investment income.
The report pointed out that in 2012, benefiting from the external factors such as the national “home appliances to the countryside policy†and “energy saving subsidiesâ€, the demand for electronic consumer goods market has picked up, especially the demand for LCD TVs has increased significantly, which has led to a large increase in the price of large-size LCD panels. It is one of the main factors for the company to achieve overall profitability in 2012.
Forging is one of the two components of forging (forging and stamping), which is a processing method that makes use of forging machinery to exert pressure on metal billets and produce plastic deformation to obtain forgings with certain mechanical properties, certain shape and size. Through forging can eliminate the defects such as loose cast state produced in the smelting process of metal, optimize the microstructure structure, at the same time because of the preservation of a complete metal streamline, the mechanical properties of the forging is generally better than the same material castings. Forgings are mostly used for the important parts with high load and severe working conditions in the relevant machinery, except for the simple plate, profile or welding parts that can be rolled.
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