A few days ago, Wing Tai Technology issued a pre-launch report for the first quarter of 2011. It is expected that net profit will be 1789.69-20.28 million yuan from January to March 2011, which is approximately 50%-70% higher than the same period of last year. Among them, Wing Tai Technology's performance for the same period last year was a net profit of 11.931 million yuan; basic earnings per share was 0.09 yuan.
Chang Yingzhi, a researcher in the chemical industry of China Investment Advisors, pointed out that due to factors such as rising product prices and favourable policies, the fluorine chemical industry in China is booming, and the profitability of related domestic fluorine chemical companies has increased significantly. For example, Juhua, San Aifu and other companies. According to relevant data, Juhua Co., Ltd. achieved revenue of 5.5 billion yuan in 2010, net profit of 586 million yuan, an increase of 408% year-on-year; San Aifu achieved operating income of 3.024 billion yuan in 2010, and net profit attributable to parent company was 42 million yuan. Yuan, a year-on-year increase of 124.22%.
Chang Zhizhi pointed out that under normal circumstances, the rise in crude oil prices will increase the prosperity of chemical products. In the first quarter of this year, the rising trend of international crude oil prices was evident, and the price of chemical products rose, which led to the increase in the price of fluorinated industrial products. This is obviously better than domestic fluorine chemical-related companies. According to relevant statistics, in late February of this year, the crude oil price in the New York market exceeded US$100/barrel; in April, the crude oil price in the New York market had reached more than US$108/barrel.
In terms of policy, since the fourth quarter of last year, the state has issued relevant supporting policies for the fluorine chemical industry and issued information that China will increase the access threshold of the hydrogen fluoride industry, which makes the existence of the fluorine chemical industry in the country mandatory in the market. The expectation of resource integration and the large-scale fluorine chemical industry will benefit, and thus also increase the market attention of China's fluorine chemical related companies.
Zhang Yanlin, research director of China Investment Consulting Co., Ltd. pointed out that at present, China has explicitly pointed out that it is necessary to control the total amount of fluorite ore mining, and officially announced the conditions for access to hydrogen fluoride industry. As this access condition specifies the requirements for resource allocation, equipment size, and environmental protection for the newly-built, rebuilt and expanded hydrogen fluoride production facilities, this will, to a certain extent, inhibit the low-level expansion of China's hydrogen fluoride industry, and thus form a large-scale fluorine chemical industry in China. Good.
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