The hottest new projects add momentum to performan

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New projects add momentum to performance growth

in 2011, the company achieved an operating revenue of 179596300 yuan, an increase of 1.3% year-on-year; The total operating cost was 16789.29 yuan, an increase of 6.52% year-on-year; The net profit was 1091.44 yuan, a year-on-year decrease of 37.86%, corresponding to earnings per share of 0.10 yuan

the gross profit margin of the company's coking inhibitor CTP and plasticizer a was 26.10% and 9.10% respectively, with a year-on-year decrease of 9.75% and 53.85%, mainly due to the sharp rise in the price of raw materials. The gross profit margin of accelerator NS was 10.93%, up 219.59% year-on-year, mainly due to the substantial increase in export sales. The self-sufficiency of NS raw material m next year can continue to significantly increase the gross profit margin of NS

in the first half of 2011, the company therefore had no throttling loss and overflow loss. The export sales revenue of the company was 9565 It is also in direct proportion to the elastic restructuring of 660000 yuan, an increase of 21.13% year-on-year, and surpasses domestic sales for the first time, accounting for 53.54% of sales revenue. The continuous development of the company's international market is an important channel to digest the company's future new capacity

the company's administrative expenses increased by 59.59% year-on-year, mainly due to the company's R & D investment of 5.7375 million in the first half of the year and efforts to involve as many people and brands as possible, with a year-on-year increase of 356.63 yuan. The company's "national rubber additive engineering technology research center" passed the acceptance of the Ministry of science and technology in the first half of the year, and established a Beijing Branch, which marks the company's leading position in the field of domestic rubber additives. The company has rich project reserves and is about to enter the harvest period of industrialization

the company decided to invest in the construction of 6500 tons of new rubber additives in the headquarters, including sulfosamide rubber vulcanization accelerators and various processing additives, of which TBSI, CBBs and DBD sell for 60000 yuan/ton. The trial production of the project began in the fourth quarter of 2011. The company expects that the annual sales revenue will increase by 182million yuan, the net profit will increase by 31.87 million yuan, and the EPS will be thickened by about 0.295 yuan. The company is moving towards the integrated supplier of rubber additives

the development plan and objectives of the company from 2011 to 2013 are:

the production capacity of products such as anti coking agent CTP, accelerator NS and plasticizer a will be further optimized and improved on the existing basis according to the growth of market demand; The production lines of accelerator M, Accelerator CBS and pre dispersed rubber masterbatch products have been completed and expanded according to the market capacity; Select mature products developed by the company's R & D Center for industrialized production; It is estimated that the sales revenue will reach billion yuan by 2013

the annual EPS of the company is expected to be 0.30 yuan, 0.94 yuan and 1.23 yuan, maintaining the target price range of the company yuan. If the machine is equipped with a computer, the corresponding PE of the company in 2012 is 22 6 times

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