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Ruili Group's second quarter revenue $ 61.1 million

According to Reuters news, the Chinese air brake and other automotive parts suppliers Ruili Group SORL has announced the financial position of the second quarter of this year, and actual results is lower than previously expected, while the supplier is expected in the Chinese automobile market car sales downturn, the third-quarter sales will be weak.

    Ruili Group reported a second quarter net sales of $ 61.1 million, an increase of about 11% lower than the expected $ 64 million. Among them, the aftermarket sales rose 84.1%; the international market, sales rose 15.4%; gross margin of 27.1%; net profit of $ 6.84 million, diluted earnings per share EPS $ 0.26, failed to meet the original expectations of $ 0.31 level.

    Third quarter sales are expected from the situation, given by the company's expected $ 45 million figure, lower than the previous average of analysts give $ 51.6 million.

    Headquartered in Zhejiang Ruili Group on Wednesday, the Nasdaq fell $ 3.80, down 6%. But the company said that the current growth has "become more rational."

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