Zhengxing Group's sales in 2011 increased by 28% year-on-year

China's parts supplier Chung Hing Group recently announced its financial report for the fourth quarter of 2011 and the full year of 2011.

In the fourth quarter of 2011, the operating revenue of the Zhengxing Group increased by 19.5% from the same period last year to RMB 1.032 billion (approximately US$ 164 million), and the gross profit margin was 26.7%. In the same period of 2010, the operating income was RMB 864 million, and the gross profit margin was 27.7%.

For the whole year of 2011, Zhengxing Group's operating income was 4.094 billion yuan (approximately 651 million US dollars), a year-on-year increase of 27.9%, gross profit margin was 26.6%; in 2010 Zhengxing's operating income was approximately 3.2 billion yuan, gross profit The rate is 25.4%.

Zhengxing Group is the largest producer of commercial vehicle wheels in the aftermarket and original equipment manufacturers markets in China. It is one of the top 100 suppliers of parts suppliers in China.