The glass industry of CSG a shows a growth trend at the boom peak.
the third quarter report recently announced by CSG a shows that the main business of the company is currently at the boom peak, and the third quarter performance shows a sharp growth trend
in this month, the company achieved operating income of 35. 4.7 billion yuan, an increase of 8. 34%, net profit 5. 7.8 billion yuan, a year-on-year increase, which is an essential 5. 96%, earnings per share 0. 47 yuan; Section 2 Brinell hardness (HB) in Q3, the company achieved operating revenue of 14. RMB 8.2 billion, a year-on-year increase of 29. 71%, net profit 3. RMB 1.6 billion, a year-on-year increase of 133. 92%, up 55% month on month, and contributed 0% of EPS in the third quarter. 26 yuan
the price of domestic glass products shows that the price of glass continued to rise in September, of which the average price of domestic ordinary flat glass in September was 69. 46 yuan/weight box, which has exceeded the highest price level in 2008. In the same period, the main raw materials of glass (heavy oil and soda ash) have declined rapidly since the high level at the end of 2008. In 2009, the trend was relatively stable, and the increase in cost was lower than that of glass price. Since May this year, the price of domestic glass products has continued to rise. The price rise is the main reason for the substantial growth of the performance in the third quarter alone. At present, the glass industry is at the peak of prosperity
Everbright Securities believes that in 2010, the company's glass business benefited from the steady growth of real estate investment, and its profitability will remain steady; The polysilicon business, which is still at a low ebb, will provide the company with greater performance in the future. It has integrated the elasticity of oil duct, oil suction pipe, oil filter, separate spare oil port and splash plate, and maintained the rating of "increase the pointer to zero and change greatly"