Shandong Pharmaceutical Glass bottle production line expansion project thin brow
The last two years has been less attention Shandong Pharmaceutical Glass, recently held a rare meeting of shareholders appear busy, many institutional investors, researchers eventually finding where the bumps to the company mountains of the hinterland of the city Yiyuan County, unanimously approved a company building high-grade lightweight Thin brown bottle production line, and additional projects in 2007 and the company I kind of new product pre-glass encapsulating the progress of registration etc. to communicate with the company's chairman. In addition, the company today announced a quarterly earnings per share of 0.17 yuan.
Shandong Pharmaceutical Glass has been the largest and best medicinal benefits of glass packaging manufacturer, its market share of above 70%. In 2009, due to adopt appropriate measures to address the financial crisis, steady revenue growth, reaching 1.24 billion yuan, an increase of 7.24%, to achieve the owner's net profit attributable to parent company 144.36 million yuan, an increase of 6.81%. Earnings per share of 0.56 yuan.
Molded bottle, brown bottle, butyl rubber stopper three products is the company's main source of revenue and profits. TX Gu researcher, said: With the gradual advance the national health care reform, primary health care in rural communities the rapid rise of the terminal for universal primary care medicine will be a substantial expansion of the market, the next few years molded bottles of antibiotics market growth will be above 20% . However, the company's most promising thin or light brown bottles to expand production capacity and new product I kind glass and pre-casting registrar.
Chairman Cai Wen said, high-grade lightweight thin brown bottles of the company's main competitive products, the existing capacity of 1 billion / year, 2009 sales of 916 million, sales income of 219.59 million yuan, accounting company's main operating income of 24.6%, total profit 57,400,000 yuan, gross margin 43%. With the company's high-grade lightweight thin brown bottles of product sales situation warming, the company will be raised 82.3 million yuan expansion of high-grade lightweight thin brown bottle production line. Design capacity 520 million / year. The project reached normal production, the annual sales income 120 million yuan is expected to total profit of 30 million yuan. At the present progress of work, about the project can be put into production during the period in May is estimated to yield 300 million in 2010, sales of 200 million.
I kind of glass is the company's 2007 private placement project. Shandong Pharmaceutical Glass is the fifth international, the only one to master a class of glass production technology company. Our products have been detected by the unit. Currently users gradually recognized. The large market demand, but companies still do not have stable production rate of finished products to achieve break-even point. Chairman Cai Wen said that this year will ensure the quality of products under the premise of this expansion, the project will be the company's future competitive products.
I kind of glass produced using pre-potting Another highlight of the company registrar. Cai Wen admitted that the products include needle caps, needle, glass sleeve, needle, piston, putting the four or five parts, the present, the company has been the core component glass sleeve, the glass needle of registration, to the market sales, but other parts still need a registered approval, without the full set of parts of the product registration approval before the package is difficult to market, and customers generally want to get the full set of products, so the product brings in much revenue this year is hard to predict.
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