Chinese auto parts suppliers Ruian Auto Parts Co., Ltd. (SORL Auto Parts Inc., SORL) recently said that, thanks to the growth trend of China's auto market, the company's fiscal 2011 first quarter results better than expected. At the same time, the company also predicts that its revenue for the second quarter of this year will be slightly higher than Wall Street analysts expected. According to relevant data, in the first quarter of this year, the company’s share of net profit attributable to shareholders was US$4.9 million (approximately 25 cents per share), while net profit attributable to shareholders of the company during the same period last year was US$3.6 million (approximately 19 cents). At the same time, the company’s revenue rose from US$38.6 million to US$52 million in the quarter. The company said that during the quarter, domestic vehicle sales in the supporting business increased by approximately 40% to 32 million U.S. dollars. In the quarter, the company's domestic aftermarket sales rose by 32% to 8.6 million U.S. dollars. Ruian Automotive Parts Co., Ltd. expects that the company's second-quarter net profit will be about 6.1 million US dollars; and its second-quarter sales will be about 65 million US dollars. According to a survey by Thomson Reuters I/B/E/S, analysts had previously estimated the company’s average second-quarter sales of $64.1 million. Analysts expect that, after deducting special items, the company's earnings per share for the second quarter will be 24 cents, and its quarterly revenue will reach $49.7 million. Rui'an Auto Parts Co., Ltd. is a listed company under the Ruili Group. Ryan Auto Parts Co., Ltd. integrates R&D, manufacturing and sales, and specializes in the manufacture of air brake systems for commercial vehicles of all kinds in the world, such as trucks and buses. It is currently an important production base and largest manufacturer of automotive air brake systems in China. Conveyor Belt Elevator,Vertical Lift Conveyor,Lift Conveyor,Bucket Elevator Conveyor Belt Vitrans Automation Equipment Co.,Ltd , https://www.vitrans-conveyor.com