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Glass industry boom of the second quarter remain subject to support increased demand - Glass, Fuyao by efvf vdvV





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Glass industry boom of the second quarter remain subject to support increased demand - Glass, Fuyao by
Article Posted: 03/10/2011
Article Views: 84
Articles Written: 1254
Word Count: 648
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Glass industry boom of the second quarter remain subject to support increased demand - Glass, Fuyao


 
Business,Business News,Business Opportunities
Benefit from the economy rebounds, the first quarter of this year, the operation of many industries and enterprises are showing a strong rebound year, and this one in particular Glass The most prominent industry, several to Glass The main industry in quarterly profit growth of listed companies in a range of more than 100%. Downstream from the current price and demand, the industry in the second quarter, the economy is still expected to maintain a certain degree.

Public information display, CSG A significant increase in first quarter net profit up 384 percent, Fuyao [12.50-0.40%] in the first quarter net profit rose 30.3%, gold crystal technology [15.360.99%] were first quarter 2010 forecast net profit growth in more than 500%.

Significant increase in profits from the boom of the industry's rapid recovery. In March 2010 before the emergence of the domestic glass prices have been rising continuously over 10 weeks, brought directly to the rapid increases in corporate earnings. Gold crystal technology, for example, its first quarter profit compared with not only the first quarter of 2009 increased by several times, even more than the same period in 2008, is also much higher.

March this year, launched by some of the glass factory and spread to the country's price war, to now come to an end. Guotai Junan's research, the National March Pudie float glass prices, mainly due to Chinese New Year after the off-season market demand, stock brokers more, and some companies take the initiative to provoke a price war and other factors, expected in April off-season man the impact of the price war will gradually weaken, along with the gradual increase in market demand, season float glass price trend will gradually return to rational path above.

The case, the current price of glass has a low point over March rally of about 10-20 yuan / heavy boxes. However, Woon Huatai week that the joint analyst, real estate, the construction area to support the glass prices rebounded in April to a rational level, but the increase in the supply determines the price rise between late 2009 early 2010, the 100-110 yuan / heavy boxes of high-point comparison difficult.

Glass downstream industry is mainly real estate, Car As well as emerging industries. From the real estate industry, although the recent price control policy on the future trend have a greater pressure, but since the second half of last year, real estate investment has maintained a high growth rate, and the existence of the project construction period, so the second quarter of this year demand will be more adequate.

Another piece of automotive glass is a large demand for Fuyao significant increase in performance is to benefit from the rapid development of China's automotive industry and automotive glass to open up export markets. According to the Steam Association data, the first quarter of 2010 to 4.61 million vehicles sold in China, the chain increased by 15.9%, showing that a quarter of the domestic automobile Sell Still maintained a high growth rate. The days with investment forecast vehicle sales this year may show the trend from high to low, but annual sales growth rate is still up 15%, while not ruled out the possibility than-expected car sales.

In addition to these two traditional downstream market demand, some new products for fast-growing emerging markets, but also part of the glass business performance growth opportunities. If the LOW-E CSG Energy Glass, with remarkable energy savings can be applied to photovoltaic industry, analysis of general agreement that the future Building Energy support policies, or the introduction of polysilicon prices bounced back, will increase the demand for the products, the company's performance will have a greater role in promoting.

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