From January to September 2011, the company achieved operating income of 7.361 billion yuan, an increase of 79.49% year-on-year, operating profit of 694 million yuan, an increase of 82.36%, and net profit attributable to the parent company of 710 million yuan, an increase of 82.97% year-on-year. 0.18 yuan. .
Among them, in the third quarter, the company achieved operating income of 3.056 billion yuan, an increase of 66.61%, an operating profit of 282 million yuan, an increase of 139.72%, a net profit of 289 million yuan attributable to the parent company, an increase of 151.87%, to achieve a return of 0.07 yuan per share .
Significant increase in operating income The company's main natural rubber planting, processing and sales, is China's largest natural rubber production enterprises. During the reporting period, the company achieved a 89.9% year-on-year increase in sales, which was mainly due to the continuous increase in the prices of rubber products and the expansion of non-self-produced rubber products.
Gross profit has rebounded, and cost control ability has increased 11.22% of the company's gross profit margin during the reporting period, an increase of 0.89 percentage points year-on-year. The cost control capability was enhanced. The period cost rate was 6.41%, a year-on-year decrease of 3.49 percentage points. Among them, the sales expenses increased by 64.63% year-on-year; the administrative expenses increased by 22.65% year-on-year; the financial expenses increased by 41.44% year-on-year, mainly due to the repayment of loans.
In the future, the company's growth highlights the intensional development, and the sales volume of the company's rubber products is expected to continue to expand. It is expected that the sales volume in 2011 and 2012 is expected to reach 350,000 tons and 500,000 tons; the expansion will expand and the company will acquire a large number of local private rubber businesses, and it is expected to have its rubber in 2012. Processing capacity of 450,000 tons / year.
Earnings Forecast and Rating We expect the company's 2011-2013 EPS to be 0.25 yuan, 0.37 yuan, and 0.49 yuan. According to the latest closing price of 8.35 yuan, the corresponding dynamic price-earnings ratio is 33, 23, and 17 times. We maintain the company's holdings. "Investment rating.
Risk Warning (1) Natural rubber prices fluctuate greatly; (2) Severe natural disasters such as typhoons and heavy rain.
Among them, in the third quarter, the company achieved operating income of 3.056 billion yuan, an increase of 66.61%, an operating profit of 282 million yuan, an increase of 139.72%, a net profit of 289 million yuan attributable to the parent company, an increase of 151.87%, to achieve a return of 0.07 yuan per share .
Significant increase in operating income The company's main natural rubber planting, processing and sales, is China's largest natural rubber production enterprises. During the reporting period, the company achieved a 89.9% year-on-year increase in sales, which was mainly due to the continuous increase in the prices of rubber products and the expansion of non-self-produced rubber products.
Gross profit has rebounded, and cost control ability has increased 11.22% of the company's gross profit margin during the reporting period, an increase of 0.89 percentage points year-on-year. The cost control capability was enhanced. The period cost rate was 6.41%, a year-on-year decrease of 3.49 percentage points. Among them, the sales expenses increased by 64.63% year-on-year; the administrative expenses increased by 22.65% year-on-year; the financial expenses increased by 41.44% year-on-year, mainly due to the repayment of loans.
In the future, the company's growth highlights the intensional development, and the sales volume of the company's rubber products is expected to continue to expand. It is expected that the sales volume in 2011 and 2012 is expected to reach 350,000 tons and 500,000 tons; the expansion will expand and the company will acquire a large number of local private rubber businesses, and it is expected to have its rubber in 2012. Processing capacity of 450,000 tons / year.
Earnings Forecast and Rating We expect the company's 2011-2013 EPS to be 0.25 yuan, 0.37 yuan, and 0.49 yuan. According to the latest closing price of 8.35 yuan, the corresponding dynamic price-earnings ratio is 33, 23, and 17 times. We maintain the company's holdings. "Investment rating.
Risk Warning (1) Natural rubber prices fluctuate greatly; (2) Severe natural disasters such as typhoons and heavy rain.
Frp Septic Tank,Mui Fatt Septic Tank,Frp Bio Septic Tank,Frp Septic Tank Price
HEBEI DONGDING CHEMICAL TRADE CO.,LTD , https://www.hebeiopct.com