On January 25, 2014, Quanchai Power released a pre-addition announcement saying that the net profit attributable to shareholders of listed companies in 2013 is expected to increase by 80% to 100% compared with the same period of last year. The net profit attributable to shareholders of the company during the same period of the previous year was 18.7135 million yuan, and the earnings per share was 0.07 yuan. The company stated that in 2013, the domestic macro-economic environment was stable, the automotive and construction machinery industry market gradually recovered, and the agricultural machinery industry also maintained a good momentum of development. The company sold various types of diesel engines in 2013 year-on-year growth; the company focused on optimizing product structure and product synthesis. Interest rates have increased substantially. According to public information, Quanchai Power achieved a net profit of 30.25 million yuan in the first three quarters of 2013, an increase of 47.73% year-on-year. The fourth quarter was the company's traditional off-season. In the fourth quarter of 2011 and 2012, the company’s net profit lost 1.72 million yuan and 1.76 million yuan respectively. According to the company's pre-addition forecast, the profit of the company in the fourth quarter was 3.43 million yuan -7.18 million yuan in the fourth quarter, and its profitability was significantly enhanced. In November 2013, the company issued a non-public offering plan, intending to issue no more than 100 million shares to a specific target of no more than 10 companies at a price of not less than 7.91 yuan/share, and plans to use it for low-emission and low-emission commercial vehicles. Diesel engine , high-efficiency and energy-saving non-road diesel engine, technical center innovation capacity building and other projects. The company stated that with the implementation of the fund-raising investment project, the proportion of low-energy low-emission commercial vehicle diesel engines and high-efficiency and energy-saving non-road diesel engines in the company’s overall revenue will increase.
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