Huge net profit soared 4 times times fund "one elder brother" strong settled

Today (February 18) The giant shares (600160, closing price of 26.86 yuan) handed over a beautiful report card, the company achieved a net profit of 2010 586 million yuan, the year-on-year growth of 407.9%.　　In the annual report, the company also proposed a 10 turn of 3 to 2.5 yuan. It is noteworthy that, in the top ten circulating shareholder list in the annual report, last year, the fund "one elder brother" Sun Jianbo management of the Chinese merchants flourishing growth impressively in the column.　　Perhaps it is the strong expectations of the company's brilliant performance, yesterday, three institutions seats to the total of more than 60 million yuan to buy the huge stake in the trading board.　　Product price boost performance in the 2010-year report of the giant shares announced today, the company realized operating income of 5.486 billion yuan, an increase of 45.15% per cent, the net profit of the listed company shareholders 586 million yuan, the year-on-year growth of 407.9%; Significant growth in performance, mainly benefiting from the overall industry boom, the company's product prices and sales promotion. Giant shares said that the reporting period by the steady growth in demand, the industry entry threshold gradually increased, the international fluorine chemical industry transfer accelerated, raw materials relative shortage of common influence, the company is in the fluorine chemical industry boom, fluorine chemical raw materials and product prices continue to exceed expectations.　　It is in this context, the company actively eliminate backward production capacity, optimize asset quality, to ensure that the company fluorine chemical products high load stable production, leading products, high sales, product cost effective control, fluorine chemical products raw material self-sufficiency rate high, industrial chain integrity of the advantages of further show, the economic benefits significantly improved. From the main products of the giant shares, in addition to the acid products 2010 years to achieve operating income of 138 million yuan, a 4.2% decline in the same period, the rest of the product to achieve growth.　　Fluorine products in 2010 years to achieve income of 3.319 billion yuan, an increase of 80.73%, profit margin also increased to 36.57%; chlor-alkali products realize income of 1.438 billion yuan, the year-on-year increase of 7.24%; profit margin to 12.83%. In addition, the giant shares also said that the company's products R134a, TCE, methane chloride, PCE, R125, HFP, F46, TFE, AHF, PVDC resin, such as 10 of the production of leading products to create a record high.　　In the reporting period, the Company completed the investment of fixed assets of 370 million yuan, the early completion of the production of 460,000 tons/year of ionic membrane caustic soda, 50,000 tons/year TCE equipment technical transformation, 10,000 tons/year R125 expansion, such as a number of "fast" key construction projects, play a better investment benefit.　　In addition, because of the integrity of the fluorine chemical industry chain, the high self-sufficiency rate of raw materials, the competitive advantage is obvious, the company fluorine chemical efficiency and scale continue to be in the domestic leading position, and is expected 2011 to strive for operating income, net profit growth of more than 30% over the previous year.　　Three of institutional seats swept the huge shares of 2010 years of bright performance yesterday, but also attracted last year's fund "one elder brother" Sun Jianbo attention. Among the top ten circulating shareholder lists disclosed in the annual report, Sun Jianbo Management of the Chinese merchants flourishing growth impressively in the column, its shareholding of up to 3.9867 million shares, ranked fourth largest circulation shareholders; In addition, Huaan, China dividend mixed in the last four quarters respectively to buy 8.5 million shares, 3.9999 million shares, ranked second largest, the third largest circulating shareholders. "Daily economic news" reporter noted that the giant shares in the spring festival after a sharp rise, yesterday is to record a record high on the trading board.　　And in the Billboard released after the purchase list, there are three institutional seats, the total buy more than 60 million yuan, ranked the first purchase list of institutions to buy 26.52 million yuan, and in the top five selling seats, are hot money sales department. CICC's latest research predicts that the next two years will be more than expected.　　CICC believes that the 2010 ~2012 annual net profit composite growth rate is expected to reach 46%, the profit growth mainly from the company's main products R22 and R134a, the average price will be much higher than 2010, the expected increase of 38% and 16% respectively. In addition to its performance, CICC said the policy would also be a catalyst for stock prices. Mainly in 2010, the government has set up mining and production access standards for the fluorite and hydrofluoric acid industry, and the future for HCFCs (such as R22) industry will also take corresponding restrictions, the current capacity of the production enterprises will benefit. At the same time, the State may implement resource tilt policy for a handful of production-oriented enterprises, including giant shares, and the company is expected to obtain upstream fluorite resources.