11 years orders and sales are obviously growth

Quarter company performance than expected for heat shrinkable film industry in the first quarter of the year, off-season. However, 11 years orders and sales are obviously growth than usual. To achieve the company operating income 1.05 billion yuan, an increase of about 25.08%, belong to the shareholders of a listed company 2442 million yuan, profit 97.38% year-on-year increase. Usually a year in the fourth quarter is the most exuberant demand from 11 years season, and in the first quarter of company business income to see, annulus annulus annulus, operating profit dropped 13% rise 11%. We think this aspect elucidation company in the market competitive to continue to strengthen, on the other hand also shows that the heat shrinkable film industry global economy picking up and consumption benefits in a new round of forecasted upgrade.
The company is a global leader, heat shrinkable MBT Kipimo clog film POF POF crosslinking membrane oligopoly zhejiang all of the world's most famous as high quality POF heat shrinkable film makers and domestic outstanding POF heat shrinkable film overall packaging solution providers, is China's first, the world's second-largest POF heat shrinkable film production enterprise, annual production capacity is life-time TFR will be 2.27 million tons. The company's crosslinking POF heat shrinkable film has a strong technical doorsill, only four international enterprise have relevant technology, at present there is no domestic rivals. Compared with the usage of the American crosslinked films to overall POF heat shrinkable film dosage, China 5% of 70% of the dosage of great development space than. Meanwhile, crosslinking POF heat shrinkable film to PE heat shrinkable film and paper packaging strong alternative competitiveness, potential market space is currently the market volume several times.
Focus on its main business, reveal company long-term strategic company funds raised in order to exceed $247 million new 3.4 meters investment POF shrinkable film production line 2, after production will provide 9,000 MBT Sawa ，tonnes of polyolefin heat shrinkable film production capacity, among them, crosslinking heat shrinkable film designed capacity of 7,500 tons each year, high-performance heat shrinkable film designed capacity of 1500 tons annually. Due to the high performance POF heat shrinkable film demand rapid growth and project long construction period, we think the company showed the company focused on ahead of its layout, creating a global leading position determination. The company after the completion of the project will strengthen in POF heat shrinkable film areas of scale and technology, products type etc many advantages.
Maintain "strongly recommend" investment rating product structure upgrade and existing capacity further mining is the main growth company recently performance. Donations after production company will cast project to global heat shrinkable film bibcock enterprise forward, we think the company has scale, technology and so on many advantages, has a strong market competitiveness, the company long-term high-speed growth can be expected. We expect the company 2011-2013 EPS 1.02 yuan, 123 respectively, gives the company lobbyists and 1.71 MBT Shuguli , yuan "strongly recommend" investment rating. (first venture r&d center giant kingdom Yin)
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