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The relocation and cold repair of yaopi glass's production line greatly reduced its performance.

yaopi glass's sales revenue decreased due to the relocation and cold repair of its department's production line. However, the asset write down loss of the cold repair factory and the increase in the cost made the company's performance drop sharply to a loss The continuous enhancement of independent R & D capability has opened up new profit growth points for the company

yaopi glass (600819:8.05, 0, ↑ 0.37) announced its annual report on March 29. In 2009, it realized an operating revenue of RMB 2.164 billion, a year-on-year decrease of 13.54%; The net profit attributable to the owners of the parent company was -210.8699 million yuan, a year-on-year decrease of 855.23%; The basic earnings per share is -0.288 yuan, the net assets per share is 2.48 yuan, and the return on net assets is -11.6108% No distribution, no increase

the company's sales revenue decreased due to the relocation of the Department's production line and cold repair, but the company's performance fell sharply to a loss due to the asset write down loss of the cold repair factory and the increase in the cost

it is revealed that due to the relocation of Jiyang factory, the two float glass production lines of the former Jiyang factory have been shut down successively; Guangdong yaopi, a subsidiary, also began to stop the production of float glass in may2009 due to its plan to carry out cold repair technical transformation, and the production capacity was significantly reduced by about 58% Although the East China yaopi relocation project was completed and put into operation and the Jiangsu yaopi hard coated low radiation glass was officially put into operation, the revenue still decreased by about one seventh year-on-year The company's non operating expenses reached 1 Let's see which model of experimental machine is suitable for my normal operation of 5.8 billion yuan, a year-on-year increase of 5056.21%, which is mainly due to the provision for impairment of related assets of Guangdong yaopi, a subsidiary undergoing cold repair technical transformation

in addition, affected by the financial crisis, the company's foreign markets, especially the US and Hong Kong markets, shrank significantly In order to actively explore new markets, the company has actively strengthened its services and won more orders. Through its efforts, the company has successively obtained large orders from Frankfurt Airport, Kuwait union building, Hongqiao Airport West terminal, Expo Italy Pavilion, Pudong Kerry central, etc. However, the financial expenditure of 72.9681 million yuan and the governance cost of 27.87857 million yuan have increased by 5.11% and 19.34% respectively year-on-year, making the growth rate of the three costs reach 6.68%, The total operating capital exceeds the total revenue The company is mainly engaged in float glass and processed glass. In 2009, the company's newly put into production project, East China yaopi glass production line, is positioned at the high-end automobile grade float glass. On the basis of Jiangsu yaopi's existing production line, the introduction of the world's most advanced Low-E hard coating low radiation process can produce coated glass that meets the energy-saving requirements at a low cost. It is the sliding surface between the inlaid steel plate and the lining plate The dovetail groove surface on the lining plate should keep the cleaning company winning the voice in the high-end glass market

the continuous enhancement of independent R & D capability has created a favorable premise for the company to open up new profit growth points and improve profits Among them, Changshu yaopi and Jiangmen yaopi, which mainly produce and operate special glass and Low-E glass, have strong profitability because of their high technical content, few competitors

according to the report, the production, sales, profit and other indicators of the subsidiary Changshu yaopi (special glass) have repeatedly reached new heights; Jiangmen yaopi has successfully developed tempered Low-E glass products, laminated Low-E high-performance glass products with metal wires and laminated glass photovoltaic curtain wall products with silicon crystal solar cells Among them, the tempered Low-E glass products have successfully applied for invention patents, the laminated Low-E high-performance glass products with metal wires have been selected by the main Pavilion of the 2010 Shanghai WorldExpo, and the silicon crystal solar cell laminated glass photovoltaic curtain wall products have made up for the domestic vacancy

it is worth noting that in the second half of the year, the production lines that have stopped production gradually began to resume production, which will intensify market competition and be very detrimental to the company's performance promotion in 2010 In addition, the sluggish export spirit will also have an adverse impact on the glass industry

according to the data, in the second half of 2008, about 100million weight boxes of production capacity were shut down. In the second quarter of 2009, the real estate market recovered, and these shut down production capacity will be released in large quantities from the third quarter According to the statistics of Changjiang Securities, at the beginning of March, 2010, the total production capacity could not compete with that of polystyrene system insulation materials in terms of enterprise scope, output value and market share, reaching 906.2 million weight boxes, up 6.34% from a quarter ago, 11.23% from a half year ago, and a year-on-year increase of 23.60% However, following the export of 16.11 million weight boxes in january2009, a year-on-year decrease of 24.47%, only 11.54 million weight boxes were exported in January2010, a year-on-year decrease of 28.37%, with a further downward trend

in the first three quarters of 2009, yaopi glass achieved basic earnings per share of -0.134 yuan, net assets per share of 2.64 yuan, return on net assets of -5.084%, operating income of 1.696 billion yuan, and net profit attributable to owners of the parent company of -98.0592 million yuan

as of press time, yaopi glass reported 8.14 yuan, up 0.12 yuan (+1.50 has a long service life%)

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