Many adverse performances of the hottest sugar sto

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In the first half of the year, many adverse performances of Guitang shares fell sharply

the production, sales and prices of products of Guitang shares fell sharply in the first half of the year, so the performance fell sharply, but in the third quarter, it turned losses into profits. 2009 will be the low performance of the company in recent years, but the future prospect is bright

according to the 2009 Interim Report released by Guitang on July 25, the company achieved a total operating income of 845 million yuan in the first half of 2009, a year-on-year decrease of 21.94%; The net profit attributable to shareholders of listed companies was 10.0213 million yuan, a year-on-year decrease of 84.21%; The basic earnings per share is 0.03 yuan, the net assets per share is 2.51 yuan, and the return on net assets is 1.35%

the company's performance fell sharply. On the one hand, due to the impact of natural disasters, the company's sugar making business was greatly impacted; on the other hand, due to the financial crisis, the paper industry was depressed, and the inventory of high priced raw materials in 2008 was forced to reduce prices, which also caused a serious setback to the company's paper business

during the reporting period, in the sugar industry, due to the sugarcane production reduction caused by the disaster in the last pressing season, the supply of raw sugarcane in this period was insufficient, and there was no switching impact; The sales volume of machine-made sugar of the company decreased by 32900 tons, more than 25%; The sales volume of machine-made paper decreased by 3100 tons. Although the decrease was small, the price decreased by 1117.74 yuan/ton

at present, the company's first main business is the production and sales of machine-made paper, accounting for about 70% of its main revenue, including 100000 tons of cultural paper and 40000 tons of household paper. As a by-product of sugar production, the company's bagasse utilization rate was only 15% before, and after 20 years of efforts, it has achieved significant results in the production of high-grade household paper on high-speed paper machines with bagasse pulp proportioned by high breaking strength testing machines. The company also invested 14million yuan in technological transformation of electrical equipment to save electricity and reduce consumption. The construction of circular economy industrial chain will bring strong impetus to the company's performance growth

sugar production from bagasse gives the company a low-cost competitive advantage, but the production capacity bottleneck is the main obstacle restricting the development of the company's sugar production business. Moreover, once the sugarcane resources are damaged by natural disasters, the supply of raw materials will seriously affect the operation of the company's paper business. If there is no serious snow disaster in early 2008, the company can use the high proportion of sugar cane to qualitatively confirm the chemical composition contained in the slag pulp to produce high-grade household paper on the high-speed paper machine, which is more than 2000 yuan/ton lower than that produced with imported wood pulp. At the same time, the company uses sugarcane waste liquid to produce alcohol dry powder and uses sugarcane waste residue to make compound fertilizer, but the snow disaster makes the company's cost advantage disappear overnight

according to the data, the main sugar producing areas in the world are distributed in Brazil, India and China, while the sugarcane producing areas in China are mainly distributed in Fujian, Hainan and Guangdong. Although the quality of the company's main product white granulated sugar ranks first in the whole industry in China, and most of its products are directly sold to multinational enterprises such as Pepsi Cola, the company is only the ninth largest sugar manufacturer in Guangxi, with an annual output of 130000 tons, which is far less than the annual output of 500000 tons of Nanning Sugar Industry, the leading sugar industry in the province, and only 1.5% of Guangxi's 8.5 million tons of annual sugar output. Affected by the snow disaster, the company's supply of raw sugarcane is even more insufficient

affected by the difficult supply of raw materials, 2009 will be the low performance of the company in recent years, but the future prospect is bright. The company's Carbonization sugar making technology, bagasse paper making technology, white water recovery, black liquor alkali recovery, flue gas desulfurization and dust removal technology are at the domestic leading level. With the recovery of the paper industry and the recovery of the international sugar price, the year-on-year decline in the company's annual performance will be significantly lower than expected

according to the disclosure, the company achieved a net profit of 15.6022 million yuan in the third quarter, an increase of 62.08% year-on-year, and achieved a turnaround. The profitability of the company's main business has basically recovered to the level of 2008. Affected by the insufficient supply of sugar in 2009, NYBOT sugar rose unilaterally. The quotation in mid October was 23.3 cents/pound, an increase of 196.96% over the beginning of the year, and continued to rise. Based on the confidence that the industry will recover in the future and the company will achieve profits, the company plans to increase the capital of its holding subsidiary pure point paper by 30million yuan, raising the controlling equity from 60% to 90%

the company achieved a total operating income of 536 million yuan in the first half of 2009, a year-on-year decrease of 24.87%; The operating profit was -5.3298 million yuan and the net profit attributable to the shareholders of the listed company was -5.5809 million yuan, a year-on-year decrease of 108.18% and 110.37% respectively; The basic earnings per share is -0.02 yuan, the net assets per share is 2.46 yuan, and the net asset income is -0.77%

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