One Quarterly Report Showed That Net Profit Of Shenzhen Textile Decreased 39.37% Compared To The Same Period Last Year.
Deep textile
A (000045) disclosed yesterday 2012.
The company said that the main reason for the year-on-year decline in its performance was due to the company's TFT-LCD use.
Analysts pointed out that during the ramp up period, due to the trial production, equipment commissioning, process optimization and other links, additional raw material costs will be generated and the depreciation of fixed assets will increase, resulting in the loss of single line operation. This is a necessary stage for the development of the industry and belongs to the industry practice.
It is understood that the first broad production line of overseas polarizing enterprises usually climbs for more than one year.
However, once the painful period of industrial upgrading is over, the deep textile polarizing film project will benefit from the "localization" demand of the industry.
Display Search, a professional research institution, predicts that in 2012, China will become the third largest flat panel display production area in the world, and the mainland panel enterprises urgently need to realize the localization of polarizer in order to get rid of the unequal status in international competition.
According to the company's prediction, the annual sales volume of the 4 production line will reach 1 billion 400 million yuan, which will rapidly widen the gap with the peers and gain the advantage of scale.
In addition, in February this year, Shenzhen textile announced a non public issuance plan. It intends to raise no more than 1 billion 471 million yuan, increase capital construction phase two project of TFT-LCD polarizer, and get the high vote support of shareholders' meeting in April 13th.
The above analysts said that the contents of the two phase of the project are the same as that of the first phase 4 line. The successful experience of line 4 will help to reduce the uncertainty of the investment return of the two phase project and further enhance the company's profitability.
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