The contractive battlefront of car tycoons is begin only, this is blessing boast glass (600660, ) true the biggest risk
"Do not have method, we also do not have method. " blessing boast glass (600660.SH) public figure of negotiable securities department says. All these comes so suddenly, make the market panic-stricken.
The newspaper in 2008, notable performance actors or actress a Fu Yao vitreous with one action overturns original figure, shined 5.66% net increase rate, this number is half an year before make an appointment with 1/9, record completely profit 440 million, and goods in stock continues to climb litre reach 1.57 billion yuan, hold liquid assets half of country.
The journey of raw material
2005, 436 million yuan; 2006, 506 million yuan; In June 2007, 512 million yuan; In December 2007, 659 million yuan; On June 30, 2008, 709 million yuan; 2008?
This is as high as 50% profit to grow backside namely, the corner process with vast and mighty goods in stock of blessing boast glass. 709 million raw material, together with is in 38.03 million yuan product, 814 million yuan manufactured goods, the material of have enough to meet need of 7.85 million, formed the liquid assets of whole company half.
All these results from material price is climbed litre. Two kinds of the company advocate make product automobile glass, float law glass, main raw material is heavy oil and soda ash, 60% what both holds cost of float law glass in all, additionally one kind of main raw material is the PVB film that manufacturing automobile glass uses. According to statistic, 2008 1-5 month heavy oil all valence is 3822 yuan / ton, rise compared to the same period 36.07% , 1-5 month soda ash all valence 2026 yuan / ton, rise compared to the same period 20.80% . And the PVB product of the company just basically is Japanese seeper chemistry for goods company and Du Bang, head Nuo. Du Bang company since this year had announced twice to raise price.
The market thinks soda ash of second half of the year will have generally produce newly can put in, rise in price to last hard, heavy oil also will go up because of difficult add of crude price fall after a rise situation. Alleviate hopeful the pressure that company cost rises. But, the raw material that perch buys, plan carry the huge risk blow on the face that cheapen and come.
It is with heavy oil exemple. The raw material inside report period 709 million, according to wide hair Xie Yongyuan of negotiable securities analyst introduces, the goods in stock of heavy oil exceeds soda ash commonly; If assume be made an appointment with in raw material 50% attach most importance to oil, so value of its total prices is about 350 million. According to vitreous industry raw material general 1-2 of the month order goods period, can roll out June the goods in stock of report period is in 4-5 month is ordered mostly, the price is in at that time 4000-4200 yuan between, take its all valence 4100 yuan / ton, meantime is oil price when sending irremediable.
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