MIDAS HOLDINGS

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10 years 1 month ago #19851 by ZEN
Replied by ZEN on topic MIDAS HOLDINGS
Currently, 36 PRC cities have embarked on plans to build urban rail solutions such as metrosystems. This number is expected to increase as growing affluence and urbanisation drive PRC cities to upgrade their transport systems in response to the strains experienced in their current
public transport networks.

Investments into the urban rail network is expected to reach RMB220 billion in 2014, an increase of RMB40 billion from 2013.
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10 years 1 month ago #19858 by ZEN
Replied by ZEN on topic MIDAS HOLDINGS
More good days ahead with rmb 800 billion investment this year
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  • cheongsl
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10 years 1 month ago - 10 years 1 month ago #19859 by cheongsl
Replied by cheongsl on topic MIDAS HOLDINGS

ZEN wrote: MIDAS SWINGS TO NET PROFIT OF RMB11.5 MILLION IN 1Q2014

- Revenue up 46.7% to RMB296.9 million

- Aluminium Alloy Extruded Products Division revenue up 51.5% to RMB296.4 million

- Associate NPRT contributes RMB13.1 million to bottomline



Group revenue increased 46.7% from RMB202.4 million in 1Q2013 to RMB296.9 million in 1Q2014, driven mainly by the Group’s Aluminium Alloy Extruded Products
Division, which reported a 51.5% increase in revenue to RMB296.4 million in 1Q2014.



As a result of the above, the Group achieved a net profit of RMB11.5 million in 1Q2014. The Group’s balance sheet remains healthy, with cash and cash equivalents of RMB1.2 billion as at March 31, 2014.


Revenue 296million, Trade receivable increase by 393million to 1,393 million.
Long terms borrowing increase by 487million.
Total borrowing is 3,087million, how much interest they will need to substain in future? Just imagine from 3Q to 4Q last year the borrowing is increase by 1000million and this borrowing seems to continue trend as 1Q borrowing still is a major trend.

They still continue to finance the operation through bank borrowing and not get back from the customer what being delay in payment.
Last edit: 10 years 1 month ago by cheongsl.
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10 years 1 month ago #19860 by FairPerson
Replied by FairPerson on topic MIDAS HOLDINGS

cheongsl wrote:

ZEN wrote: MIDAS SWINGS TO NET PROFIT OF RMB11.5 MILLION IN 1Q2014

- Revenue up 46.7% to RMB296.9 million

- Aluminium Alloy Extruded Products Division revenue up 51.5% to RMB296.4 million

- Associate NPRT contributes RMB13.1 million to bottomline



Group revenue increased 46.7% from RMB202.4 million in 1Q2013 to RMB296.9 million in 1Q2014, driven mainly by the Group’s Aluminium Alloy Extruded Products
Division, which reported a 51.5% increase in revenue to RMB296.4 million in 1Q2014.



As a result of the above, the Group achieved a net profit of RMB11.5 million in 1Q2014. The Group’s balance sheet remains healthy, with cash and cash equivalents of RMB1.2 billion as at March 31, 2014.


Revenue 296million, Trade receivable increase by 393million to 1,393 million.
Long terms borrowing increase by 487million.
Total borrowing is 3,087million, how much interest they will need to substain in future? Just imagine from 3Q to 4Q last year the borrowing is increase by 1000million and this borrowing seems to continue trend as 1Q borrowing still is a major trend.

They still continue to finance the operation through bank borrowing and not get back from the customer what being delay in payment.


ZEN

Many investors see this problem, more selling instead of buying would be seen in the coming days.
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10 years 1 month ago #19861 by FairPerson
Replied by FairPerson on topic MIDAS HOLDINGS

FairPerson wrote:

ZEN wrote: SELL ? I AM BUYING NON-STOP AT ANY PRICE NEAR 46.5 CENTS


Hit 46 cents today. 45.5 cents coming next week.


Zen

Just hit 45.5 cents, faster than I expected.
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10 years 1 month ago #19862 by FairPerson
Replied by FairPerson on topic MIDAS HOLDINGS

FairPerson wrote:

FairPerson wrote:

ZEN wrote: SELL ? I AM BUYING NON-STOP AT ANY PRICE NEAR 46.5 CENTS


Hit 46 cents today. 45.5 cents coming next week.


Zen

Just hit 45.5 cents, faster than I expected.


45 cents also came already.
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