On 25th August, Chengdu Leejun Industrial Co., Ltd declared its acquisition of 100% interest of Chengdu Dekun Aviation Equipment Co., Ltd by $0.37 billion for expansion of business areas.

On the same day the semi-yearly report was published. The business revenues was CNY 0.229 billion in the first half of this year, nearly 50% lower than a year earlier; the net profit is CNY 62.33 million, decreased by 64%. Leejun declared that it was due to the downturn of downstream field of application like cement and construction materials industry, metallurgical and mining industry ,etc, whose downturn growth of fixed assets investment has great effect on business performance.

The acquisition expands its business to aviation parts and components which is advantageous to increase its profitability and sustain rapid and sound development.