Shanghai material trade: affected by the policy of solid wood flooring production line has been discontinued

Recently, Shanghai Trade Conference held at the meeting of the Board of Directors, the Committee of Supervisors general election bill, at the same time, the 2009 annual profit Distribution and Provident fund to increase equity plans. The annual report shows that the company's total operating income of 09 years is 45.799 billion yuan, 39.13% increase, net profit of 71.5702 million yuan, increase 1.12%, earnings per share 0.27 yuan, 3.57% reduction.　　The company intends to send 2 shares to 3 shares per 10 shares (including tax). As a trade company, Shanghai Trade is involved in the main business is more extensive and decentralized. At the meeting, for shareholders raised this issue, Dong Li Wei denied that at present the company in addition to the automotive industry, the other is the means of production elements, and the relationship between the State mainly through the flow of funds to integrate. As for the reporter's question of "whether there will be a plan to optimize the layout of the industry", Li Wei replied, "The company has been doing this work." At the same time, Shanghai goods trade in the company's board of Directors work report, the company's Wood products processing enterprises have not yet come out of the dilemma. In this respect, the company general manager Wu Jianhua said, this is mainly because the industry by the national macro-policy related to a greater degree. And Dong Li Wei revealed that the company's a solid wood flooring production line has been discontinued, mainly because of the national macro-control, tax rate adjustment, as well as the impact of the U.S. financial crisis, and discontinued the main goal is to "stop bleeding."　　Wu Jianhua said the company is ramping up its strategic partnership with resource providers to make up for a shortfall in revenues. In addition, there are brokerage side analysts said that the main business of Shanghai trade both non-ferrous metals, fuel oil spot sales, and the corresponding trading platform, but also the futures member units, the formation of cash and futures of the two major markets, can hedge.　　But in the short term, the impact of a stronger dollar on commodities is weakening. In this respect, Dong Wei said, from the company's point of view as long as to meet customer demand, to ensure that the price in a reasonable range of operation can be, and the current risk aversion methods are mainly two: one is in the exchange rate fluctuations in the case, do hedging work, the other is to adjust the necessary industries.