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    Glass Fiber Industry: Continuous Price Increase For Half A Year, Profitability Steadily Rising

    2010/8/23 17:23:00 34

    Glass Fiber Industry

      

    Glass fiber industry

    The trough has passed, and now the channel is rising.

    industry

    Faucet

    China's glass fiber began to gradually recover at the end of last year, and demand was good at home and abroad in the first half of the year. The company controlled shipments and raised prices many times, while the cost continued to decline. At present, the level of profitability has returned to pre crisis levels.

    Asset injection is in progress, and it is expected to be listed in 11 years.

    The market forecast 10 years EPS 0.7 yuan, in 2011 conservative forecast 1.20 yuan, at present 10 years PE 29 times, 11 years PE17 times, taking into account the industry fundamentals and the company is in the upstream channel, suggest investors active.

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    Supplement:


    The country's recent heavy punches and elimination of backward production capacity have aroused strong repercussions in the Shishi dyeing and finishing industry. The Shishi dyeing and finishing industry association requires member enterprises to continue to actively eliminate backward production capacity by strengthening independent innovation capability and intellectual property rights protection, adjusting and optimizing the printing and dyeing industry structure, easing overcapacity contradiction, and changing the economic growth mode of Shishi printing and dyeing industry.


    Printing and dyeing industry is the most intensive investment industry in Shishi industry.

    In the past, due to the quick success and instant benefits of enterprises, the speed of innovation could not keep up with the copying speed of Shanzhai, resulting in the phenomenon of homogenization of products was very serious, resulting in serious overcapacity in the whole industry, resulting in vicious competition in the market.

    The lion and lion dyeing and printing industry has now realized that low level competition leads to increasing backward production capacity and damaging others.


    According to the requirements of the Shishi dyeing and finishing Association on the construction of intellectual property rights and the elimination of backward production capacity, energy saving, emission reduction, consumption reduction, overcapacity and value-added products, enterprises should take the patent intellectual property rights as a breakthrough to carry out research on independent intellectual property rights scientific research projects, with high technology content and high market pformation rate of patent projects, and strive to achieve good social and environmental benefits and scale market benefits for every patent item.


    In recent years, Shishi dyeing and finishing has not only set up an innovative R & D team, but also established a cooperative relationship with Donghua University, Xi'an Polytechnic University and the Jiangnan Branch of the Chinese Academy of textile science, etc., such as Xi'an Polytechnic University, established postgraduate mobile station at crown Hong Company, 2 Graduate students are doing research work in the company, and 1 PhD students are bringing scientific research projects, and the three combination of industry, University and research has further promoted the process of building patent intellectual property rights of crown Hong Company.

    Based on the completion of 4 patent applications last year, the number of patent applications planned for this year is 10. In the first half of this year, 6 patent applications have been completed, including 3 patents for invention and utility models.

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