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Expected To Achieve Capacity Expansion &Nbsp In The Year; Shandong Ruyi'S Performance Or Release This Year.

2010/6/18 14:39:00 56

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Shandong Ruyi

(002193, closing price of 14.85 yuan) is outstanding in the two tier market.

Cheng Yuan, an analyst of Dongxing's textile and garment industry, said that the export of textile and garment industry began to recover. Second, the company's "Ruyi spinning" technology has recently won the first prize of national science and technology progress.

In addition, in terms of capacity expansion, the company's Securities Department said it expects all production capacity to be put into operation this year, and the company's performance will be released this year.

Capacity expansion is expected to be completed in the year.

In August 2008, the shareholders' meeting adopted the "expansion".

Raise funds

Investing in the "multi-functional and eco woolen fabric Project > scale of investment" proposal, with an annual output of 4 million meters on the basis of the original 4 million m high grade worsted and woolen production line, the project of raising funds after the change is an annual production of 8 million M high-grade worsted fabric production line.

At present, the company's capacity is 7 million meters, and will expand to 15 million meters after expansion.

What is the impact of capacity expansion on the company's performance? Yesterday, the reporter called Shandong Ruyi, the Securities Department said that the expansion of capacity to 15 million meters is a discount, and the actual output may be below that level.

At present, the yarn part of the new production capacity of the company has already been put into operation, and only part of its capacity is put into production.

It is expected that all production capacity will be put into operation this year. With the doubling of production capacity and the confirmation of the company's partial orders this year, the income will also increase substantially in the ideal situation, and the company's performance will be released this year.

Short term rising space or not

For the recent performance of Shandong Ruyi, Dongxing securities

Textile and garment industry

Analyst Cheng Yuan said there were two main reasons: first of all, the export of textile and garment industry began to recover recently. As a larger proportion of export, Ruyi stock price in Shandong will be boosted by this concept of good. Secondly, the company's "Ruyi spinning" technology has recently won the first prize of National Science and technology progress, which has never been seen in the history of textile industry.

Cheng Yuan further said that the company's output could rise to 12 million meters in anticipation of the company's total capacity in the second half of the year. It is expected that earnings per share will reach 0.61 yuan and 0.8 yuan in 2010 and 2011 respectively.

The target price is expected to reach 18 yuan this year.

However, because the above profit is only predicted and has not been realized, the short term stock market has not gained much space.

It is worth noting that because the purchase of raw materials is mainly Australian wool and cashmere, once the raw material prices rise sharply, it may pose a certain risk to the performance.