Australia Technology: Main Business Loss In The First Half Of The Year

Please input... Ao Yang Technology announced that the company's first half year performance notice was revised. It is estimated that net profit attributable to parent company owners in 2008 1-6 will be 70 to 100% lower than that of the same period last year.

The revised performance forecast shows that the company's net profit attributable to its parent company in 2008 1-6 decreased by 50 to 80% compared with the same period last year.

At the same time, the company announced that the company's subsidiary Funing Ao Yang technology limited liability company intends to start from July 10th onwards for equipment maintenance.

Son received comments: two cities volume rose to recover the integer pass, Shanghai Stock Index station 2900 points, financial real estate stocks returned to the king

Listed companies in the evening announcement: the Shanghai stock market will focus on the 5 industries, and the opportunities will be favorable to support the strong rebound of A shares. In July 10th, the seven stocks of Shanghai and Shenzhen two cities indicated that the most recent market share concerns were seven stocks. What is the latest stock review list to announce tomorrow? The announcement is that Australian Ocean Technology Holding Co., Ltd., Funing Australia oceanic technology limited liability company, has received 25 million yuan financial reward from Funing county. The proceeds are non recurring gains and losses. After deducting the proceeds, the net profit attributable to the parent company in 2008 is expected to be a loss.

The net profit attributable to the parent company in the same period last year was 102 million 331 thousand and 900 yuan, and the basic earnings per share were 0.59 yuan.

The announcement shows that there are many reasons for the difference in company performance forecast.

First of all, the rapid expansion of viscose staple fiber industry in 2007 resulted in the inertia release of new capacity. The viscose staple fiber industry's efficiency declined rapidly, and the price dropped from 22000 yuan / ton high at the beginning of the year to 16000 yuan / ton at the end of June, with a total decline of 27%.

Secondly, in the case of a sharp decline in viscose staple prices, sulfuric acid, sulfur dioxide and other chemical excipients and coal prices rose sharply, further adverse effects on the company's efficiency.

In addition, China's textile export growth has been declining this year, which has also adversely affected the company.

According to customs statistics, in 2008 1-5, China's textile and clothing exports were 66 billion 200 million US dollars, up 15.4% over the same period last year, while in May China's textile and clothing exports were 14 billion 400 million US dollars, up 9.7% from the same period last year, and textile exports showed a declining trend.

The announcement said that in view of the current market environment of viscose staple fiber is still more severe, and in order to further improve the operation of equipment and improve product quality, Funing Australia's equipment maintenance is overhauled.