Business News Agency April 18 News Yunnan Salt Chemical Co., Ltd. released a pre-launch report for the first quarter of this year last night, saying that net profit in the first quarter rose 540%-560% year-on-year (compared to the same period last year). It is worth noting that the performance of salt salvation in Yunnan is not caused by other factors, but it is the "salt rush" in March this year.
The saltification announcement in Yunnan shows that in the first quarter of this year, the net profit was 24,260,000 yuan to 25.01 million yuan, while the net profit for the same period last year was only 3.79 million yuan. When explaining the reasons for the change in performance forecast, Yunnan Salinity actually stated that “the company was affected by the “spill of salt†in March and the sales of salt increased by 48.60% year-on-year.â€
But if you look at the history announcement, it's not surprising. According to the 2010 annual report of Yunnan Salinization, the only provincial A-share salt company in the A-share market did not have satisfactory results.
According to the 2010 annual report of Yunnan Salinization, the company's annual net profit for the year was only 19.8766 million yuan, a year-on-year decrease of 7.78%. Yunnan Salinization said that the poor performance was due to the increase in transportation costs, safety and environmental protection, repair costs and interest, resulting in a decrease in total profit. In addition, at the end of the reporting period, the net realizable value of PVC products decreased, and the impairment loss of assets increased by 63.22% year-on-year, resulting in a decrease in total corporate profits.
It is worth mentioning that, in the 2010 annual report, Yunnan Salinization had given its sales forecast for this year: it plans to sell 885,000 tons of salt products (including salt and industrial salt), 89,800 tons of caustic soda, and polyvinyl chloride 9 in 2011. 10,000 tons; expected operating income of 1.556 billion yuan, total profit of 15.53 million yuan. If this predicts against the performance announced last night, that is, the irrational behavior of “grabbing salt†by investors, the performance of Yunnan Salinity in the first quarter not only surpassed that of last year, but also this year’s profitability task. It is solved together.
Judging from the company's fundamentals, "grabbing" has become the life-saving straw of the company that is not prominent in Yunnan salinization. Because on April 9th, Yunnan Salt Chemical also announced that its chlor-alkali plant capacity of Tiansu Branch was 30,000 tons/year ion-exchange membrane caustic soda and 30,000 tons/year calcium carbide process polyvinyl chloride. The long-term, environmental protection potential has become increasingly prominent. It is planned to stop production on April 10, 2011.
But an extreme event is obviously not enough to support the valuation of a listed company. In the past year, few analysts have published research reports on Yunnan salinization.
According to the official website of Yunnan Salt Chemical, Yunnan Salinization is a joint-stock company (state-owned holding company) established by Yunnan Textile Group in July 2002. The company fell 0.58% yesterday, to close at 13.77 yuan / share.
The saltification announcement in Yunnan shows that in the first quarter of this year, the net profit was 24,260,000 yuan to 25.01 million yuan, while the net profit for the same period last year was only 3.79 million yuan. When explaining the reasons for the change in performance forecast, Yunnan Salinity actually stated that “the company was affected by the “spill of salt†in March and the sales of salt increased by 48.60% year-on-year.â€
But if you look at the history announcement, it's not surprising. According to the 2010 annual report of Yunnan Salinization, the only provincial A-share salt company in the A-share market did not have satisfactory results.
According to the 2010 annual report of Yunnan Salinization, the company's annual net profit for the year was only 19.8766 million yuan, a year-on-year decrease of 7.78%. Yunnan Salinization said that the poor performance was due to the increase in transportation costs, safety and environmental protection, repair costs and interest, resulting in a decrease in total profit. In addition, at the end of the reporting period, the net realizable value of PVC products decreased, and the impairment loss of assets increased by 63.22% year-on-year, resulting in a decrease in total corporate profits.
It is worth mentioning that, in the 2010 annual report, Yunnan Salinization had given its sales forecast for this year: it plans to sell 885,000 tons of salt products (including salt and industrial salt), 89,800 tons of caustic soda, and polyvinyl chloride 9 in 2011. 10,000 tons; expected operating income of 1.556 billion yuan, total profit of 15.53 million yuan. If this predicts against the performance announced last night, that is, the irrational behavior of “grabbing salt†by investors, the performance of Yunnan Salinity in the first quarter not only surpassed that of last year, but also this year’s profitability task. It is solved together.
Judging from the company's fundamentals, "grabbing" has become the life-saving straw of the company that is not prominent in Yunnan salinization. Because on April 9th, Yunnan Salt Chemical also announced that its chlor-alkali plant capacity of Tiansu Branch was 30,000 tons/year ion-exchange membrane caustic soda and 30,000 tons/year calcium carbide process polyvinyl chloride. The long-term, environmental protection potential has become increasingly prominent. It is planned to stop production on April 10, 2011.
But an extreme event is obviously not enough to support the valuation of a listed company. In the past year, few analysts have published research reports on Yunnan salinization.
According to the official website of Yunnan Salt Chemical, Yunnan Salinization is a joint-stock company (state-owned holding company) established by Yunnan Textile Group in July 2002. The company fell 0.58% yesterday, to close at 13.77 yuan / share.
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