Times of an ancient name for China (Chinatimes.net.cn) Beijing report of reporter Han Yongxian
Can compare appear on the market with course of study of area, person of the same trade the company already was immersed in outstanding achievement to increase difficult position, advocate the beauty of Guangdong a person of extraordinary powers that business Wu is aluminium alloy profile and research and development of systematic gate window, design, production and sale is new material Inc. (next weighing " new material of beauty of a person of extraordinary powers " ) the illusion is relied on " treatment is expended " live mode is entered close, outstanding achievement looks be like to good,
Gain whether continuously?
New material of beauty of a person of extraordinary powers refers A book of IPO raise capital by floating shares shows, the company plans to handing in place greatly to appear on the market, the orgnaization that protect Jian is smooth old negotiable securities, plan this to issue fifty-eight million two hundred and forteen thousand one hundred publicly, financing 700 million yuan,
Book of raise capital by floating shares shows, main product includes new material of beauty of a person of extraordinary powers the building uses aluminous profile, car light quantify aluminium profile, general industrial aluminous profile and systematic gate window. Came to reported 2018 2016 period inside, company income basically originates profile of aluminium alloy extruding.
Inside report period, business income of implementation of new material of beauty of a person of extraordinary powers is 1.944 billion yuan respectively, 2.363 billion yuan, 2.682 billion yuan, maintain steady growth; Implementation net profit is ninety million six hundred and forty-four thousand seven hundred yuan respectively, 113 million yuan mix ninety-four million three hundred and thirty-eight thousand five hundred yuan. Battalion closes to see the surface that is like steady growth flourish with profit, it is the gain ability that the company must face glides however secret worry.
In unless,buckle regular after increase and decrease, already was immersed in backwater condition basically.
Inside report period, new material of beauty of a person of extraordinary powers advocate business Wu income occupies business income scale to be in on average 99.90% above, accordingly advocate interest rate of business Wu wool decided company integrated gross profit leads a level, and of the company advocate rate of gross profit of sale of business Wu aluminous profile is in report period drops continuously, cause interest rate of company integrated wool to glide ceaselessly, it is respectively 19.52% , 17.92% with 16.38% .
New material of beauty of a person of extraordinary powers must want beneficial result to dimensions, implement the plan of ceaseless dilate, arrive from 2016 2018 of the company produce per year already can promote 150 thousand tons from 100 thousand tons, produce per year a quantity to promote one hundred and thirty-nine thousand six hundred tons from one hundred and three thousand eight hundred tons,
The company says, at present the competitive inferior position of the company already was to produce can be not worth and financing channel is onefold, the company is badly in need of a breakthrough having produce can bottleneck, enlarge scale of production to machine engineering capability in order to increase the production of profile of company aluminium alloy. But at present beautiful new material has been faced with a person of extraordinary powers add close not to increase profit, the condition that gain ability glides continuously, does company support produce expansible way whether does implementation outstanding achievement grow continuously?
The course of study of person of the same trade that is in Guangdong area together probably can be compared appear on the market the future that the company already gave beauty of a person of extraordinary powers new material offerred lessons drawn from others' mistakes.
Guangdong and surpass share (002824.SZ) , land formally on January 12, 2017 reach place greatly, taking produce can outspread plan, but the outstanding achievement after appearing on the market appears quickly suddenly turn hostile, 2017, battalion received implementation to grow to mix 1.065 billion yuan for 841 million yuan respectively 2018, net profit is in however ceaseless atrophy, it is sixty-five million one hundred and eighty-eight thousand five hundred yuan two years respectively, eighteen million seven hundred and thirty-three thousand four hundred yuan, fall compared to the same period it is respectively 13.09% , 71.26% , this year immediate even first quarter occurrence loss.
Dimensions influences growth and rise smoothly without the abidance that give and gets the better of share to bring outstanding achievement, instead created management pressure to the company, and at present the dimensions of new material of beauty of a person of extraordinary powers changes dilate to run a risk in accumulation as much.
Restrain growth to promote battalion, dimensions of new material of beauty of a person of extraordinary powers changed development to bring money of company receivable Zhang to upsurge directly, came 2016 2018 end, remaining sum of money of company receivable Zhang is 551 million yuan respectively, 640 million yuan mix 729 million yuan, the proportion that holds company battalion to close is as high as 28.34% , 27.08% with 27.19% .
Inside report period, zhang of new material of beauty of a person of extraordinary powers age 1 year the remaining sum of receivable Zhang money of less than is occupied than be on average 90.32% , be close to a company to discount the net gain after blame almost.
Whether do the money of tall proportional receivable Zhang that dimensions spends development to bring and bad Zhang preparation exist adjust the behavior of profit? " times of an ancient name for China " the reporter is called write new material of beauty of a person of extraordinary powers to seek solve among them risk, but company with at present the company is in become silent period, inconvenience accepts media to interview, cannot reject to reply for reply problem.
Development faces market risk
To in the near future, beautiful new material weighs a person of extraordinary powers advocate business Wu will continue to reach unifinication of wall of act of systematic gate window to serve field of Wu of two great undertaking around aluminium alloy material closely, have the aid of is mixed at market operation advantage, technology advantage cost advantage, consolidate ceaselessly and maintain the market lead position.
And this collect endowment plans, the company plans to invest 577 million yuan to be used at aluminium alloy new material to build a project, the yield that enlarges a company again can, the company after project building will have the productivity that produces per year material of 45 thousand tons of high-powered aluminium alloy and goods, the implementation inside 3 years 100% amount to produce, year can realize battalion to receive 900 million yuan, net profit eighty-two million eight hundred and forty-three thousand yuan.
New material of beauty of a person of extraordinary powers thinks, although the company already invested the feasibility of the project to have sufficient proof to collect capital, but if future is adjusted by policy of macroscopical economy environment, industry, the influence of the adverse change such as demand of wave motion of price of market competition aggravate, raw material, market, collect casts a project to expect possible short of earnings.
And in fact, the macroscopical economy environment that at present the company faces, fluctuation swims to already all appeared cost of market environment, manpower adverse change.
In light of the market end that from beauty of a person of extraordinary powers new material aluminium alloy squeezes profiling material to basically apply, housing, car is small quantify, traffic is carried, the domain such as electron of automation equipment, consumption, telegraphic communication already all entered cycle of be issued to lower levels, especially the construction industry that the company depends on suffers a country to enhance influence of estate adjusting control, development investment is added fast begin to put delay, be immersed in adjust period.
Industry of electron of car, consumption also appeared 2019 apparent market is atrophic. This manages production of new material of beauty giving a person of extraordinary powers and market sale brings certain adverse effect.
Raw material respect, in recent years, the country goes producing can cause aluminous ingot price to rise considerably, new material of beauty of a person of extraordinary powers advocate in business Wu cost, direct cost of material is occupied than exceeding 80% , among them, company main raw material is aluminous ingot. Inside report period, company aluminous ingot purchases the price on average to be 10.75 yuan respectively / kilogram, 12.64 yuan / kilogram, 12.35 yuan / kilogram.
New material of beauty of a person of extraordinary powers is adopted to the product " aluminous ingot price + treatment is expended " price pattern, raw material price rises direct depress the outstanding achievement accrual of the company.
According to mode fixing a price inside the industry, interest rate of wool of product of new material of beauty of a person of extraordinary powers suffers treatment to expend an influence bigger. Came 2016 2018, the average treatment of product of all aluminous profile expends the company to be 6200 yuan respectively / ton, 5900 yuan / ton, 6200 yuan / ton, now goes out to slip even during, like the treatment of company collection cost drops considerably, cause the gain ability to the company negative effect.
In the meantime, resource cost is in manpower of another when machine production main cost to be climbed ceaselessly litre, came 2016 2018, the company pays worker and the cash that pay for the worker to be 171 million yuan respectively, 194 million yuan mix 223 million yuan.
If beauty of a person of extraordinary powers is new,the step that material takes cannot offset manpower resource cost rises effectively brought cost pressure, will cause an effect to company outstanding achievement so.
