Sugarcane Fertilizer Machine,Cane Fertilizer Machine,Sugarcane Machine,Wooden Sugarcane Fertilizer Machine NANNING TAGRM CO.,LTD , https://www.tagrmfarming.com
As of the first five months of 2010, China's new material profit rose 46.8% year-on-year to RMB 96.93 million, while revenue rose by 40.79% to RMB 384 million. The increase in revenue was mainly due to the global economic recovery, resulting in an average of BDO, GBL and THF. The price rose.
In terms of gross profit margin, the overall gross profit margin decreased slightly from 35.3% in the five months ended May 2009 to 35.1% in the same period of this year, mainly due to the drop in THF gross margin from 40.9% in May of last year to 34.0% in the same period of this year.
As for the average selling price of products, as of the end of May of the end of May 2009, the overall average selling price increased by 22.73% to 15,349 yuan, and the average price of BDO products, which accounted for 54.6% of the total revenue of the group, was 14,387 yuan per ton, an increase of 26.15% year-on-year. The GBL and THF also rose by 17.11% and 8.7% respectively to 16,088 yuan and 17,916 yuan.
China Xincai Holding plans to issue 293 million shares, 90% of international placements, and 10% of open offerings; offer prices range from 2.33 yuan to 3.33 yuan. The shares are open for subscription from November 30 to December 3 at noon. The main board was listed on December 13; the sponsors were CCB International and Piper Asia; the entry fee was RMB 3,363.57 per 1,000 shares.
China's New Materials Increases Profit for the Full Year by 17%
On November 30th, China Xincai began offering shares today. According to the prospectus, the company expects full-year profit for 2010 to be 201 million yuan (RMB, the same below), an increase of 16.86% over 172 million yuan for the same period in 2009. The IPO price is equivalent to the expected price to earnings ratio of 11.6 to 16.6.