April 22, off the success of Star Uncap Minjiangshuidian (600 131) held the 2010 Annual General Meeting, the meeting unanimously adopted the "Company Board of Directors 2010 Annual Report" and many other resolutions.
Report shows that net profit in 2010 Minjiangshuidian 143.5 million yuan, profit after deducting non-recurring net profit of 87.59 million yuan, to achieve basic earnings per share 0.28 yuan. In addition the company made,glue gun power supply facilities, repair and growth factors Aba electricity demand, the company confirmed a substantial increase in equity investment income, the company is also an important factor in performance to achieve profitability.
It is reported that the company sustained losses for two consecutive years before the principal is the "5.12" earthquake caused the company a lot of damage to business assets, a substantial decline in income. glue stick But with the power under the village, sand licensing power plants, power plants and other bronze bells have been repaired and restored power to normal power state, the company is running has been significantly improved. Currently, the company also Yangjiawan station, Banzigou station is still in construction in the state; In addition, the company will ensure that the June 30, 2011, complete the task of reconstruction grassland plants. The company said that as the goal of restoration and reconstruction has been completed in 2010 and the gradual optimization of capital structure adjustment, the company will be opportunities and adjustment, usher in a more glorious future.
Price for the issue of concern to investors, the company said that as the company primarily for the economically backward areas in Aba, the high cost of a single electricity customers and electricity for the region has been lower than other parts of the province. Even if the last transfer price for the province has adjusted net increase, but compared to the huge investments in construction of power facilities, the level of corporate profits and power in the existing tariff on the basis of the load is also difficult to have a larger room for improvement.
In addition, the company's polysilicon project is another major attraction. According to the relevant information, the Company and Sichuan Provincial Investment Group Co., Ltd., Baoding Tianwei Electric Co., Ltd. jointly set up change Tianwei Silicon Industry Co., Ltd. Sichuan, expected capacity of 3,000 tons / year, and now production. Among them, the company shares 14% of the total share capital, for the third-largest shareholder. Deputy General Manager Xiao Jinsong, said: "As the polysilicon prices continued to rise since the second half of last year, the company earnings in the piece is very good."
According to a press query, 3 months, affected by the earthquake in Japan, the Japanese manufacturers suspend production of polysilicon, combined with sharp drop in exports and the slowdown late last year, the domestic production of polysilicon manufacturers, the domestic price of polysilicon has exceeded 110 U.S. dollars per kilogram, and the end of last year With close to 100% compared to the gains. Xiangcai Securities Houwen Tao, senior analyst, said demand for polysilicon is expected to grow at an annual rate of 30% growth, which will result in polysilicon prices continue to rise.