The profit of soda ash of the hottest Jinjing tech

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Jinjing Technology (Stock Code: 600586) announced on the 5th that its net profit in 2010 was expected to increase by more than 200% year-on-year

the company said that the substantial increase in performance was mainly due to the year-on-year rise in the prices of its main products, especially soda ash products, resulting in an increase in profits. In addition, the production and sales of the company's ultra white glass products also increased significantly year-on-year

since October 2010, the price of soda ash has been rising continuously. At present, the increase rate has reached more than 1000 yuan/ton, which alone will increase the EPS (earnings per share) of the company by 0.27 yuan in 2010. In 2009, the operating income of ultra white glass products business was 279million yuan, accounting for 12.07% of the total operating income, and the gross profit margin was 39.52%. As the sales volume of this part of products increased in 2010, it is expected that this part of revenue will directly contribute nearly 400million yuan. Meanwhile, the gross profit margin will remain high, which will significantly improve the company's performance

at present, ultra white glass is in a new round of market development. The global ultra white glass market maintains an important growth rate of 10% every year. The company has a large market in the first tier cities. At present, it has also received orders from some second - and third tier cities, and its penetration rate continues to increase. It is expected that in the coming years, with the increase in the popularity of white glass when the end stiffeners of ultra white samples are not firmly pasted, the ultra white glass business will bring new performance growth to the company

according to the third quarterly report, the company achieved an operating revenue of 2.25 billion yuan in the first three quarters, an increase of 31.2% year-on-year; The net profit attributable to the parent company was 195million yuan, a year-on-year increase of 152.9%

Jinjing technology is mainly engaged in the production and sales of float glass, ultra white glass, engineering glass, soda ash and other products

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