Jin Jing technology: ultra
Profitability and high quality ultra-white glass, float glass based. The company's main business includes high-quality float glass, high-grade float glass, ultra-white glass, participants holding eight production lines (ultra white glass, high-grade float glass, each one excellent article +6
Quality float glass), equity production capacity reached 17.35 million weight cases in which high-quality float glass and ultra-white glass, accounting for about 80% of the profit contribution, while the ultra-white glass, the highest gross profit margin reached 50%.
Industry downturn of the two high-quality float glass production line technological transformation of cold repair, improve company competitiveness.
By the financial crisis and real estate downturn and other factors, the glass industry since last November to the first quarter of this year, the overall loss of the entire industry. With the industry downturn, the company has Part 2 of the premium float glass production line technological transformation, respectively, in May and in September the completion of technical innovation, Nissan increased the size from the 950 tons to 1075 tons, production capacity increased by 15%, and technical transformation complete with 2-6mm with high-quality float glass of the original piece and 6-12mm colored glass production capacity, product range expansion applied to the building doors and windows, trains, cars, ships and other fields, to further enhance the company's competitive advantage.
Reduce the heavy oil to gas impact of fluctuations on earnings. Most glass companies to heavy oil-based fuel, not only pollute the environment and the volatility of oil prices is not conducive to stable performance of the company.
All the glass company's current product line, including shares of Langfang Jin Biao lines were all replaced by natural gas (current gas prices for industrial use in Shandong maintained at 2.1 yuan / cubic or so), and other listed companies, the company's fuel costs more stable.
Soda ash prices are low, will be better next year. Soda is the highest proportion of glass raw material costs, the company has an annual output of 1 million tons of soda ash production line, upstream and downstream industry chain is perfect, but the industry has not fully recovered by the downstream effects of soda ash prices will remain low, the current selling price of the company's soda ash 1200 -1,300 yuan / ton, gross margin was only 7% -8%, is expected to export, the downstream industry recovery has improved, the first quarter of next year, the price will increase.
Ultra-white glass of this year sold more than we expect next year to continue to grow. The company successfully applied in ultra-white glass, the National Grand Theatre, the Bird's Nest, Water Cube, the Shanghai World Expo "Expo Sun Valley" and other well-known works to bring ultra-white glass, brand sales, the company expects sales to reach 2 million this year, the weight of more than we expected before 17%. In addition, the company developed the solar ultra-white glass certified by the company, as the global economic recovery and the well is expected next year on the solar cells, ultra-white glass, next year the company achieved sales of 220-240 million boxes.
The proportion of shares Sinoma dropped to 24.5%, glass fiber industry losses on negative corporate earnings decline.
Raise profit forecasts, to maintain "overweight" rating. Before we raise the profit forecast, in 2009 and the 10-year net profit of 170 million yuan and 2.46 billion yuan, up 49% and 44%, corresponding to the current share price 16.7 yuan, respectively, 57.9 times price-earnings ratio and 39 times, in view of the next two years of strong growth in capabilities to maintain "overweight" rating.
I am Mp3 Player Manufacturers writer, reports some information about giallo antico granite , jet black granite.
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