High Dividends Are Also Facing Market Pressure.

Yantai Wanhua, a big cash payer, announced the annual report this week. It also announced a bonus scheme of distributing 5 yuan cash dividends (including tax) to all shareholders every 10 shares, with a total profit of 832 million yuan. So far, the company has spent nearly three yuan for dividends in the past 2 billion years. High dividend distribution is the company's many years of characteristics, investors have benefited from it and gained confidence. Dare to cash dividends also shows that the company has confidence in the latter stage of development, but the company's market situation this year is still worth worrying. Last year, the price of chemical products had gone up and down sharply. The price of aniline, the main raw material of MDI, was no exception. The price dropped from a high point of 15700 yuan / ton to a minimum of 5000 yuan / ton, and the production cost fluctuated greatly. In addition, a number of production capacity have been put into production, and the domestic supply and demand pattern has been reversed. Because of the decline in overall product prices last year, the gross profit margin of the company was 31.28%, down 9.11 percentage points from 2007. This year, the overall demand situation in the chemical market is difficult to break through. MDI is a polyurethane product with broad market prospects, but its domestic capacity is insufficient and has been heavily dependent on imports. However, in recent years, many MDI projects have been put into operation in China, which will greatly alleviate the shortage of supply. In 2009, the supply of domestic and East Asian MDI will increase substantially. Japan's NPU increased 200 thousand tons of capacity last year; BAYER Shanghai's new installations in October 2008; Shanghai Lian Heng's normal operation; Yantai Wanhua also increased 170 thousand tons of capacity last year, and the total capacity increased from 330 thousand tons / year to 500 thousand tons / year. More information about shoes and hats, and click here to enter.