Price rise Yu Wucheng Glass "satellite"
Fang Xing Technology has a very conspicuous in the capital market. While the broader market weakened continuously, but the recent three-day party Xing Technology was all the way up, and rose by more than 20%. And today, the company is "transparent" out of an attractive message:
Attributable to expected full year 2009 net profit of listed company will have increased 700% over same period last year.
The reporters found that in these surprises are hidden behind the flat glass industry of opportunity. Flat since late 2009 ushered in a boom cycle, not only Franshion technology, industry or listed companies within the full range of benefits.
CIC Securities researcher Luoze Bing told reporters in the previous round of capacity expansion, by the end of 2008 the national control flat glass production, a considerable part of the flat glass production line shutdown. Since the beginning of the industry into a long cycle of high input costs, so that by the mid-2009, flat glass demand gap gradually appeared more obvious characteristics of the industry's reversal.
National Securities research report, although the flat glass industry boom of the 2009 recovery, but the demand for real estate downturn by the impact of glass production growth slow in 2009, before the 11-year monthly growth rate of just 2.2%. To benefit from nearly 20% of the glass furnace to reduce supply by shutdown, glass inventory continues to decline, supply and demand to gradually pick up, in November of glass from the early low prices rose about 55%, reached in November 2007 the previous high. While in December, the price continues to increase.
In the flat glass industry, the Ministry of Industry and trade orientation is very important. Ministry of Industry and early September 2007 on the proposed "flat glass industry access to the premise", then this policy orientation has been since. Since September 2009 Development and Reform Commission, Ministry of Industry and concentrated in a range of policies. Just recently, the Ministry of Industry has issued a document to put forward the "Interim Measures for flat glass industry, access control notice" some did not meet the company cut off the credit may be.
In fact, this series of policy for those who meet access standards for listed companies to provide a good opportunity for many researchers believe the industry, which listed various glass industry for many benefits. For example, limit the demand for the formation of gaps in capacity makes Ruitai technology production line to resume production and increase the company's production and sales. On the other hand, restricting access to it for the expansion of some large companies to eliminate worry. A case with CSG, the company quickly expanded flat glass production capacity, according to the plan, the company's future will be built in two lines in Wujiang, total capacity 2.7 million tons.
It was in this context, the number of listed companies seem to have to harvest time. CSG A has previously been amended notice of the company's performance, this large company within the glass industry in 2009 expected net profit of about from 800 million to 850 million yuan, an increase actually up from 90 to 102%. The company also said the flat glass industry results correction is due to operating results better than expected.
It is worth noting, however, although the second half of last year, prices had increased since the flat, but with the balance of supply and demand, which rose more slowly in 2010, there is doubt whether it can maintain. Luo Zebing that, although it's hard to see the trend throughout the year in 2010, but flat prices may be flat to down.
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