Shanghai Zhenhua Port Machinery Co Ltd (SHA: 600320) has said its revenue was up 14.5% to ¥27.4 billion and net profit up 22.1% to ¥2.6 billion in 2008. Earnings per share were ¥0.76. The board has elected to pay a ¥0.34 cash dividend and offer another 3 shares for every 10 shares. The company is considering financing ¥3.4 billion, partially from the secondary market, for upgrading facilities. Earlier this week Zhenhua won a $70 million order from Generale de Manutention Portuaire (GMP), France's number one container port operator, to supply 8 quayside container cranes by June 2010.
$1 = ¥6.8