Weihai Guangtai Gets Orders of around 700 million Yuan for Fire Trucks

www.chinaspv.com: As known on 6 Aug., the order amount of Beijing Firefend Enginnering Co.,Ltd. adds up to around 700 million Yuan RMB for fire equipments, which is the subsidiary of Weihai Guangtai. According to the annual report in 2013, the worth of orders this producer got arrives in about 510 million Yuan. Upon such estimation, the order grows 37% or so this year.

It is known that the gross profit rate of fire trucks comes to 27.32%, therefore, 190 million Yuan is gained as the gross profits from the amount of 700 million by this corporation. As revealed, the most orders will be completed in the last half of this year and some delay to the next year. As well, sales revenue reaches 300-400 million Yuan for fire engines and more than 500 million Yuan in the coming year.

In addition, Weihai Guangtai is applying for the production qualification for high class products from the Fire Department, possible making it in this August and then capable of the manufacturing of high-end fire fighting trucks. Until now, there are only 6-7 builders with such qualification in China.

Upon the prediction, Firefend Enginnering qualifies to get the orders of high-end fire engines worth one hundred million Yuan, based on the accumulated market resources and will gradually open the market of fire engines.
Views:

China Special Vehicle Adivsor