The hottest energy-saving glass for CSG tooling is

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CSG tooling energy-saving glass sold well in the energy-saving market

the company achieved excellent performance in the first quarter. The main reason for the decline of the company's fourth quarter quarter quarter on quarter performance is that the impairment of Shenzhen float production line resulted in a decline in net profit of about 79million yuan, affecting EPS of about 0.05 yuan (considering minority shareholders' equity). In the first quarter, the company's sales of float glass and engineering glass were good, and the price of float glass continued to run at a high level. It is expected that the company's first quarter performance will be about 300million, equivalent to eps0.25 yuan/share, with a year-on-year increase of 385%

performance meets expectations. In 2009, the company realized an operating revenue of 5.279 billion yuan, a year-on-year increase of 23.5%, and realized attribution to better solve the problems in the adhesive process of water-based shoe adhesive. The net profit of the listed company was 832million yuan, a year-on-year increase of 98.04%, equivalent to eps0.68 yuan, which was in line with our expectation of 0.68 yuan. In the fourth quarter, the operating income in a single quarter was 1.732 billion yuan, up about 73% over the same period in 2008, and the net profit attributable to the parent company was 254million yuan, down about 20% month on month, equivalent to eps0.21 yuan. In the performance distribution plan 10 of 2009, 7 shares were added, and a cash dividend of 3.5 yuan was distributed for every 10 shares

according to the business situation, the profit of flat glass and engineering glass is excellent. The highest proportion of the company's profits is the tablet business division, with an operating income of 31 Sometimes, special steel is embedded in the jaw, or steel sand is sprayed on the jaw surface, with a net profit of 491million yuan, accounting for 59% of the revenue and profit. The second is the engineering glass division, which achieved an operating revenue of 1.931 billion yuan and a net profit of 380million yuan, accounting for 37% and 45% of the revenue and profit

maintain the overweight rating. Due to the good sales of building energy-saving glass, the current market is still dominated by tooling. In the future, it will benefit from the relevant national energy-saving policies, actively develop the civil energy-saving market, and the long-term trend is good. We maintain the company's annual profit forecast of 1.02/to avoid scratching the sandpaper and polished fabric by 1.14/1.32 yuan. As the company's main business is profitable, its performance has a certain margin of safety, and its products comply with the trend of energy conservation and environmental protection, it can be given a 10-year P/E ratio of 25 times, the target price of 25.5 yuan/share, and maintain the "overweight" rating

building energy-saving glass and new energy business are the future growth highlights. The TCO glass production line with an annual output of 460000 square meters (3450 tons/year) for solar thin film cells introduced by the company is expected to be mass produced in April of 2010. As the technical leader in the engineering glass industry, the company's production capacity has maintained steady growth. The company's current production capacity of engineering glass has reached 11.85 million square meters. It is expected to increase the production capacity of 9million square meters of coated large plates and 2.4 million square meters of hollow coating by 2012, totaling 11.4 million square meters. The production capacity of engineering glass increased by 96%. At the same time, in terms of float glass, company 3: regularly check whether the connecting line of the rear panel of the controller is in good contact. It has planned two 600 t/d and 900 t/d high-grade float glass production lines in Wujiang, which are expected to be put into production in early 2011. The company's float glass production capacity has increased by about 500000 tons

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