H share index of the latest analysis of the editorial staff of 43 reporting issues (4) (Na search)

2009-07-04 14:08:05

Maanshan Steel â (MAANSHANAIRON, 00323)â 1Q deficit fell to a recovery in the second halfChina's leading steel company based in Anshan City, Anhui Province in eastern horse one of the steel base. In general steel products, construction, automotive, railways, and machinery for the production and sale of steel products. Production is 1378 tons. Especially billet (steel prismatic shape) is the main sales of steel products to 5 percent. Recently focused on the enhancement of technology has reached a high value-added products such as hot-rolled sheet and cold-rolled steel sheet.The slowdown in economic growth and financial crisis in China, the company earnings have been sluggish since last year. Earnings in fiscal year 2008 revenue is 700 billion yuan year-on-year and 43 percent in the prior year, net income of 7 billion yuan was significantly decreased by 71%. In addition to the significant decline in steel prices, raw materials, high fuel costs weighed on earnings.After entering the year, while costs have decreased and fuel demand is significantly reduced. The first one was announced in quarterly revenues grew 34 percent (115 million Yuan 3100 100,000,000), 800,000,000 in 9900 to a deficit of 10,000 yuan."The main products are cheaper and performance is greatly affected by the price of iron ore raw materials. Last year suffered from high costs of iron ore this year, steel prices have fallen more than 50%, but now The valley is believed to be profitable "(a local economic analyst)The company has a production target this year of 08 set in 1378, unchanged from the 10,000 tons. They also reduce costs and spending, focus on restoration of earning power. Also observed from the second half of the increased demand associated with economic demodulation, in full year net profit of 12 is expected to return to growth and the yuan.â earnings forecast upwardThe Bank of Germany, as we have been to China's economic development, but we expect steel demand to improve. Construction and steel industry is directly linked to the profitability of investments in infrastructure for the company as early as the first three are expected to recover from a quarter earnings.â steel saddle (ANGANSUCHIRU, 00347)â one ranking in the technology, the world's top steel maker 7Leading steel maker based in Anshan, Liaoning Province. The line up features in using high technology products, cold rolled plate, hot-rolled sheet, plate, and a deal to sell high-end products such as wire rods and steel tubes. The 1600 production is second only to China steel group with tons of treasure.'' 7 in the world ranking.Maanshan Steel's competitors as well as performance deteriorated rapidly in recent years. 08 in full-year earnings rose 21 percent the prior year (789 million yuan and 485 million) while, significantly decreased 60.3% (9300 million RMB 2,900,000,000) records. 1498 million tons of steel production, sales volumes remained flat in 1523 but nearly 10,000 tons from the previous year, led to significantly decrease the steel prices plummeting and soaring raw material prices in the second half of last year.The first-quarter earnings are expected to deteriorate further business, sales rose 16 percent to 15.6 billion yuan 3300, said net profit fell 99.7% in the worst quarter and 800 million yuan a marked decline."Due to the special steel products for sale that can not easily imitated by competitors, sales volume is greater than the amount of production to stop the production line it is. However, do not be passed on to customers the higher cost of raw materials from that, they invited a downturn in business "(The)â ongoing expansion of the steel business and eco -The company aims to cut taxes and spending are focused on eco-projects. Grade 7 and up holding the dust-removal system in place of the blast furnace and reduce Co2 emissions of 11 items in 2800 introduced a 900,000,000 yuan. The wind, sea, and also to introduce renewable energy such as solar energy.On the other hand, there is no intent to expand our business. Last year, Beijing, Tianjin Tian iron metallurgy group to do the production and sale of steel in Tianjin to inject 18 billion yuan fund, acquired 50% interest. Construction of cold-rolled steel sheet production plant, incorporating technology from manufacturers in Germany and Italy this machine. Some of the production line has already entered the stage of test production. If completed as planned, the company's annual output of 100 is expected to increase more than 10,000 tons.Also in January, is a large steel scrap re-melting unit soon to be completed from the saddle of the steel group's parent company acquired in 8540 yuan. The first item is an annual production is expected to re-use 10,000 tons of steel, is expected to improve the productivity of large-scale special steel used for offshore oil-based."In the half-year may run a deficit, from the second half to regain the company's performance and improvement in the overall industry decline in the price of raw materials. In the full year have been observed to increase with the move" (The)â favorable recovery and profitability, said a higher sense ofIn MORUGANSUTANRE, favorable recovery of the steel industry from the second half of this year, the company is expected to grow. However, the stock market in three year low of 6.05 has already soared to more than double from the Hong Kong Dollar, the most expensive stocks in the sector said. Raise the price of hot-rolled sheet as a reason for one of our core products, the price per ton of product 400 under the original 600 yuan to more thanæCHIç´SE, only 10 will analyze the stock price exceeded the level for Hong Kong Dollar that.The securities of the company's price target from 5.2 to 7.8 HK dollars in Hong Kong dollars are raised, the H share price is now lower than expected performance index rating "reduce" recommendation on the .Information Articles:China shares features[Column] H share index of the latest analysis report editing 43 issues (3) (2009-05-16)Potential sources of Amber: You Tae Ahn country, the maximum issue price of 1.66 Hong Kong Dollar is expensive (2009-07-03)Network Co., State: 6 The amount of power in late surge (2009-07-03)Silver in the International: The northeast development plan, reviewed the relevant Port Corporation (2009-07-03)

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H share index of the latest analysis of the editorial staff of 43 reporting issues (4) (Na search)