Shandong Hailong Profit Improvement Will Take Some Time.

2011/6/16 11:09:00 36

Shandong Hailong showed good signs after hosting the Chenming Holdings Limited.

Chenming holding 10 person group entered the post, is committed to stabilizing and improving the company's production and operation.

Administration

Situation, but it will take some time for the company to improve its profitability.

Chenming holdings began to take advantage of the correlation between the two sides in the industry to help improve the company's profitability.

In June 15th, the board of directors of Shandong Hailong examined and approved the association with Chenming Paper (000488, stock bar) (000488).

paction

Bills for matters.

Chenming Holdings has quickly taken over Shandong Hailong since May 10th, sending 10 people to the company.

In the face of the "Five Guarantees" requirements put forward by the Weifang municipal government, Chenming Holdings said that it would try to ensure the stability of production and operation, personnel management and personnel, but it is very difficult to ensure that the stock price is stable and that the two losses will be realized.

Shandong Hailong

senior executive

In the future, we will improve the company's profitability by developing differentiated products, controlling the business capacity of poor profitability, reducing cost pressures and controlling management costs.

However, it is still impossible to predict the time for differentiated products to contribute to profits.

Although the company's 15 thousand tons of high wet modulus antibacterial viscose staple fiber and flame retardant fiber and other projects as early as 2009 put into operation, but the market reaction is different.

Due to the influence of relevant standards abroad, the sales of flame-retardant fibers are relatively good, while the demand for antibacterial viscose staple fibers is still low at present, and is still in the initial stage of market culture, and the price is more than 4 times that of ordinary viscose fibers. Although the gross profit margin may be as high as 45%, its contribution time is uncertain.