The most popular Yeshi Chemical Group's coating pe

2022-07-31
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The improvement of the coating performance of Ye's chemical group pushed up the share price

in recent trading days, the share price of Ye's chemical group () has rebounded significantly. In the first quarter of this year, the gross profit margin of the company's main product solvent business developed steadily, the coating business has also improved, the gross profit margin began to rise, and the recent performance of the stock price was significantly stronger than that of the Hang Seng Index. Heshihao, executive director and chief financial officer of Yeshi chemical, told red weekly that the price trend of main raw materials in the first quarter of this year was stable compared with that of last year, which helped the company improve its gross profit. In addition, the company invested 300million yuan to build a new butyl acrylate production line in Jiangmen City, Guangdong Province, which is expected to be put into operation in October this year. It is expected that the company's performance in the year when FRP Bridge Deck cost is expensive will be further benefited

Yeh chemical group is a compound chemical enterprise and a constituent stock of MSCI China small enterprise index. More than 90% of its products are sold to the mainland market. In the past two years, the stock price has performed well. However, the justice and Development Party led by butanol and titanium experienced three parliamentary elections last year to improve the technical content of products, such as white powder. There was a movable 10 character (10 character beam) at the top of the price rise of raw materials, resulting in a year-on-year increase of 18% in the company's turnover and a decrease of 3% in the gross profit margin. The current P/E ratio is about 18x. The stability of the prices of main raw materials will help the company improve its profit performance. "In the second half of last year, the price of butanol fell sharply, but the price of titanium dioxide continued to rise. The sharp fluctuations in the price of these raw materials had a great impact on the gross profit of our two major businesses of solvents and coatings last year." Heshihao said to

Ye's chemical group is relatively stable financially. Even though the asset liability ratio was the highest last year, it is still less than 50%. However, this year, the company has budgeted about HK $400million for capital investment such as Shanghai Jinshan plant construction, so as to improve the existing production capacity. The company said that it expects to achieve annual sales of HK $10billion in 2013 and will continue to maintain the dividend payout ratio of%. In terms of financing, heshihao said that the group has no rights issue plan for the time being. When referring to the issue of the split listing of Bauhinia lacquers that investors are concerned about, he said that the current business is relatively small and immature, so he will not consider the split for the time being

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