* ST Xoceco turn over core business earnings 100 000 000 or resume listing
Rely on core business earnings recovery companies listed on the sparse, * ST Xoceco is one of them. However, * ST Xoceco profit 100 million, not "
Appliances to the countryside
"It main export.
Profit of 100 million yuan to rely on primary industry
Yesterday (January 21), * ST Xiamen Overseas Chinese (600870SH) notice issued performance by the company forecast profit in 2009, ended February 31, 2009 the company accumulated
Sell
TV
About 245 million, four billion yuan in sales revenue, net profit of about 100 million yuan.
Prior to the 2006, 2007, 2008, three consecutive losses, * ST Xoceco on May 27, 2009 was listed on Shanghai Stock Exchange suspended. If another loss in 2009, the company will be delisting; and profit, then you can apply for relisting.
Suspended in * ST Xoceco listing, when rumors emerge of restructuring. However, with most companies rely on re-suspended to resume trading losses is different, * ST Xoceco firm out of the profits on their own main roads to resume the listing.
According to the Shanghai Stock Exchange Web site show ended January 20, 2010, listed on the Shanghai Stock Exchange was suspended eight companies, only rely on their own * ST Xoceco listed main business profit recovery, and the remaining seven are during restructuring or seeking reorganization, such as * ST
Amoi
Xiamen Xiangyu Group by the restructuring, * ST Huayuan Industrial Welfare from the major shareholder of the East into real estate restructuring, * ST Changhe Aviation Industry issued shares to buy on the Air Blue aircraft electrical and electromechanical.
Industry that this is not like * ST Xoceco restructuring and asset injection, main business losses on their own recovery listed in the approved time would be more easy to pass. Prepare materials, acceptance, review, announcements flow down smoothly, then 4,5 month listing can be resumed. However, if the exchange to add material, then there would have to drag a few months.
Benefit from a recovery in exports
And "
Home Appliances
The countryside "than, * ST Xoceco more may benefit from the recovery of exports. Company in 2009 Announcements show color TV exports increased 90 percent last year over the same period, exports increased more than 50% over the same period last year. 2009 half year Report shows that the domestic aspects of the main business income was 3.83 billion, down 48.03 percent year on year, foreign side to 1,302,000,000, an increase of 14.86%.
Cathay Securities
Wang Zhen, Fang Xin, that in 2010
LCD TV
Market demand has been generally recognized, the domestic growth next year, they measured 35% -40%, OEM, or high growth. Liquid crystal
TV
Penetration will change the trend of TV's update, update cycle will be 12 years of steady decline to 7 years, this is a historic change, the market size will grow exponentially.
However, the main income comes from exports, * ST Xiahua, the more important foreign market demand.
China and Thailand Institute researcher Zhang Tao told reporters that the export of home appliances is mainly for Europe and the United States, exported by Europe and the United States economy. In addition, enterprises with foreign vendor partnership model is also an important factor affecting the export business.
Reporter noted, * ST Xoceco customers in 2009 than in 2008 a substantial focus on trends, 2008 report shows that sales of the top five customers for the 380 million yuan, accounting for 10.42% of total sales; 2009 semiannual reports show sales of 1.135 billion yuan top five customers accounted for 67.36% of total sales.
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