Natural gas price rises in first half of the year

Lu Tian of the internal and internal turmoil (000912.　　SZ) today released a semi-annual results announcement, the first half of the estimated loss of 36 million ~4200 million, the basic earnings per share of -0.06~-0.07 yuan, a decline of up to 130%~140%. Lu Tian analysis of the first half of the main reasons for net profit decline, the upstream main raw materials, namely, natural gas, not only insufficient supply and increased prices, downstream products, fertilizers, and because of the drought in the southwest region, the price is weak.　　At the same time in the intermediate production link, the new system urea production plant, and the holding subsidiary of Sichuan Tianyi Co., Ltd. Urea production plant in April or May annual overhaul, effective operation time is reduced, the old system Urea production unit overhaul at the beginning of the year, because of the tight gas supply, after the overhaul has been waiting for gas Last month, the company announced that, according to the National Development and Reform Commission related documents policy, from the end of April this year, gas pipeline transport prices increased by 0.08 yuan per cubic metre, then from the beginning of June, the natural gas factory benchmark price per cubic metre also increased by 0.23 yuan.　　It is calculated that the above increase will make the company this year attributable to the owner of the parent company's net profit reduced by about 160 million yuan. In the first quarter, the company's operating income has started to fall by nearly 60% to 657 million yuan, the net profit which belongs to the listed company shareholder falls nearly 90% to 8.75 million yuan.　　At that time, the company headquarters and the subordinate two companies, already because of serious shortage of natural gas supply, production equipment in a long time to stop to gas state. In its 2009 report, the company pointed out that on the one hand, the company is facing the financial crisis and domestic production capacity relative to the double impact, as well as shrinking demand, the shortage of natural gas supply, on the other hand, the state to ensure the supply of agricultural products, continue or temporarily retained a number of tax concessions, That year, the company achieved a net profit of 112 million yuan, three quarterly display loss of 35.12 million yuan, the whole year to achieve the ownership of listed companies deducted from the non-recurrent profit and loss of the net income of 77.45 million yuan.　　In talking about the future development strategy, the company said, will be bigger and stronger fertilizer on the basis of the main industry, from a single nitrogenous fertilizer to compound fertilizer, using the surrounding rich natural gas, coal, phosphorus and other resources allocation, development of methanol and its downstream products, such as the main business. Lu-Tian is currently the country's largest urea production enterprises. With an annual output of 1 million tons of synthetic ammonia, 1.6 million tons of urea production capacity, stock prices yesterday received 6.42 yuan, Rose 1.1%.