Tongde Chemical Industry net profit increased 26.29%

This year just listed Shanxi province, the largest civil explosion of the chemical industry (002360.　　SZ) had a good start in the first half.　　The company today released performance letters show that the first half of the company's total operating income of 121 million yuan, an increase of 27.41%, the return of the listed company shareholders of the net profit of 21.62 million yuan, an increase of 26.29%.　　For the growth of profits, Tongde Chemical Industry believes that the first half of the company by the impact of the national economic recovery and road, railway and other infrastructure, as well as the gradual resumption of mining work, explosive product market demand, coupled with the company to increase product market sales, product sales increased, the performance of a steady increase. The company has 54000 tons/year of industrial explosive capacity, the first in Shanxi province.　　Over the past 3 years, industrial explosives accounted for a 77.36% per cent of the company's main revenue.　　It is noteworthy that Societe Generale Securities analyst Zheng that, as the price of ammonium nitrate has warmed up, the industrial explosive industry's profit level has a downward trend. To increase competition, the company is stepping up its efforts to consolidate.　　Last month, Tongde Chemical announced preparations for the acquisition of Daning Yellow River Chemical Co., Ltd. of the civil explosion-related assets. According to Zheng introduced, foreign civil explosion industry concentration is higher, the United States and Australia are the world's largest demand area for public explosion, the two major civil service enterprises Orica (O Ruikai) and Dynonobel (Dinonober), occupy the above-mentioned areas of the 25% and 20% of the civil explosion market.　　But none of China's companies have a 10% share of the domestic market. Zheng that the future domestic explosion industry integration will increase. At present, all provinces in the country, in addition to Yunnan, Guizhou, the civil explosion production enterprises have been completed, the remaining provinces are in the province of civil explosion enterprise integration.