Medium-color stock separation smelting capacity expansion of 1.3 times times leading rare earth conglomerate integration

Medium-color shares (market, inquiry) (000758, closing price of 13.94 Yuan) yesterday (September 24) threw out the plan, proposed to raise funds not more than 1.785 billion yuan. The 450 million yuan will increase the southern Rare earth (Xinfeng) Co., Ltd., the implementation of 7000 tons/year of rare earth separation smelting project. After the completion of the project, Xinfeng Co., Ltd. will become the largest single rare earth separation smelter, the capacity will be expanded 1.3 times times.　　Financial profit PO, current savings rate increase 1000% "Daily economic news" reporter learned that the industry believes that the Chinese-color shares significantly improve the separation of smelting capacity, not only to alleviate the upstream mining subjection, the company or would like to take the lead integration of the southern Rare earth Large Enterprise group qualification. Company: will apply for rare earth prospecting warrants "daily economic news" reporter from an industry insiders know, since 2010, the state has never ceased to promote the formation of rare-earth conglomerates, and the State Council will soon be the end of the year to launch a large group of rare earths integration program guidance, will set up a large enterprise group entry threshold , the qualified enterprises apply on their own request and wait for approval.　　A number of industry insiders said that the Chinese-color shares in the beginning is not in the national relevant ministries to form a large enterprise group, the list of ideas, and Ganzhou rare earth, Minmetals Group, Chinalco, Xiamen Tungsten Industry (market, inquiry), Guang Sheng nonferrous (market, interrogation) and Baotou Steel Rare earths (market, interrogation) are in the list possible range. Analysts believe that, compared with the Rare-earth enterprises, the loss of China-color shares in the domestic mining certificate. Although the Sino-color shares in Australia in 2010 to obtain a 51.6% of the shares of the Lionel mine to become its controlling shareholder, but because the foreign ore price is higher than the domestic, and mainly supply the Malaysian separation smelter, so the domestic source of Sino-color shares mainly from the rare earth and Ganzhou and other rare earth enterprises.　　In order to alleviate upstream subjection, the Sino-color shares September 24 in the investor consultation Xinfeng Rare earths situation, said the company currently in the Xinfeng Area no rare earth mining warrants, the future company will be in the construction of South rare earth projects, while actively apply for rare earth prospecting warrants. Analysts said the company also lacked sufficient advantages in the downstream areas of rare earths. In the South Rare Earth Project (Xinfeng) company was approved by the National Development and Reform Commission, the Chinese-color shares owned 11 subsidiaries, only one subsidiary involved in rare Earths, namely, Guangdong Zhujiang Rare earth Co., Ltd., rare earth smelting separation capacity of 3000 tons, obtained a command production plan index of 2000 tons.　　Not on the list, it is clear that the Sino-color shares full of sense of crisis, and the Xinfeng project is undoubtedly the company hopes to become the important chips of the rare earth conglomerate. Operating rate of 51% profit prospects unknown Xinfeng company after the expansion, although with 7000 tons annual output, so the medium-color shares of rare earth smelting separation capacity will expand 1.33 times times, but Xinfeng company only 3600 tons of prescriptive production indicators, which means that its operating rate is only 51%. In this respect, Wanguo rare Earth analyst Zhang to the "Daily economic news" reporter said that xinfeng project initial operating rate is insufficient,But will gradually improve, not a step in place. "Now the domestic rare earth smelting separation overcapacity, underemployment, 50% of the level is relatively ideal, the general separation plant operating rate of 30%~40%."　　"Antaike Rare earth analyst Chen Jia told the Daily Economic news," Xinfeng company positioning in the establishment of cleaner production benchmarking enterprises, investment in environmental protection is very large, the future will achieve zero emissions of rare earth pollutants. " For the announced "project completed after the completion of the estimated annual sales revenue of 1.815 billion yuan, the average annual profit of 165 million yuan, the average annual net profit of 124 million Yuan, the reporter interviewed people all said, because the company's fastest production also have next year, rare earth price next year trend is uncertain, so the profit prospects are not clear.