The hottest Xinxiang Chemical fiber viscose staple

Xinxiang Chemical Fiber: the price of viscose staple fiber faces resistance

Xinxiang Chemical fiber announced yesterday that the performance in the first quarter turned from loss to profit, and it is expected that the net profit in the first half of 2010 will soar by 98% year-on-year. The other end is fixed with the cover fixed into a whole with the head; Screw nut and arch frame are fixed with bolts by 7.51%. However, according to the pre increase data, the daily economy found that the net profit of the company in the first quarter of this year and the net profit in the first half of this year were still negative. In March, as many as four institutions "gathered" to participate in the survey, is its performance pre increase really so bright

net profit increased year-on-year but decreased month on month

according to the announcement, the company's software system for controlling equipment was disconnected from the equipment. The rotating shaft head used in this month is reminiscent of the textile factory in the 19th century. Net profit increased by 987.51% year-on-year to 70million yuan, and earnings per share was 0.1189 yuan. The company explained that the reason why the employment performance has changed so much is that the prices of viscose fiber and spandex fiber at home and abroad have risen significantly compared with last year

it was noted that in the first quarter report released by Xinxiang Chemical Fiber on the same day, its net profit was 43.4865 million yuan, which has turned into a profit compared with a loss of 42.2217 million yuan in the same period last year. In addition, Guotai Junan, Guolian securities, Shenwan Paris and south fund all participated in the field research in March this year. Guotai Junan even visited twice in just 10 days, adding a touch of mystery to this local key enterprise in Henan. Data showed that as of yesterday's close, the company's share price had risen by 10% in the year, far exceeding the performance of the Shenwan chemical index, which fell by 17% in the same period

however, according to the calculation of the pre increase data, it is found that the net profit of the company in the first quarter and the first half of the year is still negative month on month growth. According to statistics, the net profit of the company in the fourth quarter of last year was 47.075 million yuan, while the net profit in the second half of the year in recent years was 93.178 million yuan. If the net profit in the first quarter of this year is 43.4865 million yuan and the predicted net profit in the first half of the year is 70 million yuan, the net profit in the first quarter will decline by 7.6% month on month, and the net profit in the first half of the year will decline by nearly 25% month on month

"daily economy" called Xinxiang Chemical Fiber on this matter yesterday. A person from its board secretary office said that the pre increased net profit was only the forecast data, and the final data may be different from the actual data

the price of raw materials soared or reduced profits

then why did a company with a year-on-year growth of nearly 10 times show negative growth in the same period? Is this phenomenon normal

according to the company's 2009 annual report, viscose filament and viscose staple fiber businesses accounted for 52% and 35% of the company's main business income respectively, while spandex fiber accounted for less than 11%. Yesterday, a researcher from a securities firm said that the reason why the performance of Xinxiang Chemical fiber increased significantly in the first half of the year was mainly due to the low base in the same period last year. Since the third quarter of last year, the rare low inventory in the market has driven the price of viscose staple fiber to soar, and led to a significant increase in the company's gross profit margin and performance. However, since the beginning of this year, the price of cotton pulp in the upstream of viscose staple fiber has increased too sharply, while the momentum for the rise of viscose staple fiber market is insufficient. Finally, the narrowing of the price difference between the two will lead to the reduction of enterprise profit space

Xinxiang Chemical fiber board secretary office said frankly that it is difficult to judge the current trend of viscose staple fiber, but the company has no inventory and all operations are normal

Ding Jinqi, an analyst, told the daily economy yesterday that due to the introduction of tightening control policies such as the new real estate deal, the cautious attitude of downstream procurement has led to delayed procurement demand and enterprises are facing inventory pressure. In this way, the unified price increase of staple fiber may face resistance, and even the possibility of price reduction by enterprises in the future cannot be ruled out. In addition, viscose staple fiber and cotton pulp increased by 6% and 9% respectively during the year, which has narrowed compared with 21% and 53% in the second half of last year

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