New Race shares cotton prices to boost short-term results

New game shares (600540. SH) is the only listed company in the Xinjiang Bo State region.　　At present, Xinjiang region in the market recognized a high degree of cotton and oil and other high-quality agricultural products are the company's operating varieties. May 20, the new race shares propaganda leaders accepted the first financial daily newspaper "financial quotient" interview, although the current Xinjiang regional revitalization planning rules have not been implemented to the enterprise, "but the positive for the enterprise is affirmative." "Xinjiang Plate shares in recent performance significantly stronger than the market, the new race is one of the shares."　　April 28, the new shares announced a quarterly report, the realization of attribution to the listed company shareholders of the net profit of 6.49 million yuan, the year-on-year growth of 221%, the chain growth of 33%.　　The quarterly bulletin also shows that Wang Yawei's Huaxia market, China Strategy fund in the first quarter of a large, holding the company's circulation 1.6568 million shares and 599,800 shares. At present, lint accounted for the company's main business income of 40.64%, is the absolute mainstay of the company's operations.　　But the business was at a loss for 2009 years, with a gross margin of 0.67%. "Because cotton prices have been low until last October, and the new race shares sold a lot of 2008 years of inventory, resulting in lint business losses." This year's policy support for Xinjiang is strong, and cotton prices have been high, the company is expected this year's performance should be improved. In addition, the company's performance last year was not good, the base is low, the performance of this year is expected to be relatively large. However, the rise in its performance on the stock price will have any impact on the future.　　"A brokerage of agricultural industry researchers told reporters. Another major business of the company is oil production. In Xinjiang has a certain well-known "new race" and "antelope Mark" is the company's products. The new race is a leader in the production of edible oil in Xinjiang after the integration of a number of edible oil producers. Under the new game of oil in the last year to overcome the impact of the international financial crisis, to achieve sales revenue of nearly 600 million yuan, is the company's initial sales revenue of more than 5 times times.　　At present, oil business accounted for the total main business income of 18.46%. It is understood that the new race shares of the oil business by the Xinjiang Production and production Corps of the five division of the strong support, has integrated the Bole, Yili, Kashi, Tacheng, Shihezi, Urumqi and other 6 oil main production areas of oil business, respectively, the establishment of Tumshuk oil company, Bole new Race oil Company, Yili Oil Company and other 6 edible oil processing plants and 1 trading companies. Last December at the Urumqi economic Development Zone to invest more than 80 million yuan to establish the Oil refining canning Center, so that the company edible oil processing capacity of 76,000 tons, to become Xinjiang's largest production of edible oil manufacturers.　　At present, the company has initially formed in Urumqi as the center, gradually radiate the whole Xinjiang oil industry pattern. The Securities report believes that the opportunities in the transformation of the corps are worth paying attention to. Corps has clearly expressed support for listed companies to use capital markets to carry out mergers and acquisitions, support the listed companies through the market mode of industry, industry integration and industrial upgrading, involving the development of Bingtuan advantage Resources andThe assets reorganization and industrial adjustment of listed companies, as long as the main stakeholders reach agreement, the Corps will actively support.　　Xinjiang local media reported that 2010 Xinjiang will complete the key project investment of more than 120 billion yuan target, railways, highways, civil aviation and coal, coal power, coal chemical and other fields are the local key projects. In addition to cotton and grease, the new race stake in a coal chemical project received media attention.　　Market speculation Wang Yawei led the Chinese Department of funds to intervene in one of the important reasons may be optimistic about the company's 15 million tons of coal chemical projects. September 22, 2008, the new game shares announced with the Xinjiang Yili Huocheng County Government signed the "Huocheng County Coal Chemical Project Cooperation Agreement", the new tournament shares to be supported by the local government to build coal mining, coal resources into one of 15 million tons of coal chemical base. The announcement pointed out that the long-term goal of the project is "before the end of 2020, the coal mine annual production scale reached 6 million tons, coal chemical scale reached the annual processing of 6 million tons of coal, 2025 to build an annual output of 15 million tons of coal mine, coal chemical scale to reach 15 million tons of annual processing." In an interview with the company's chief executive, the reporter learned that the project is still in the drilling process, is expected to be launched next August or September, the current stock of the basic industry or agriculture, including cotton cultivation and cottonseed processing.