Building Glass
Glass is now being used in the building industry as insulation material, structural component, external glazing material, cladding material; it is used to make delicate looking fenestrations on facades as well as conventional windows. Shanghai Lead Glass Co.,Ltd can supply Tempered Glass , TOUGHENED GLASS , Ultra Clear Tempered Glass, color tinted tempered glass, Reflective Tempered Glass, clear & colored Laminated Glass , Triple Laminated Glass, Insulated Glass , double glazing glass, Printed Glass , Back Painted Glass , Frosted Glass , Blinds Insulated Glass , Vacuum Insulated Glass, Low-E Insulated Glass , Reflective tempered insulated glass, Low-E Laminated Glass , Ultra clear glass, smart glass even pattern glass, mirror and so on for building curtain wall, exterior wall, facade, windows, doors, baclcony, fence, railing, partition, floor, balustrade railing, staircase handrail and so on. all make to order.
Insulated Building Glass,Laminated Building Glass,Tempered Building Glass Shanghai Lead Glass Co.,Ltd , https://www.leadglaze.com
In the first three months of 2009, the company achieved sales revenue of 134 million yuan, a year-on-year decrease of 17.29%, and realized operating profit of 10.17 million yuan, a year-on-year decrease of 21.14%. The net profit attributable to shareholders of listed companies was 8.39 million yuan, a year-on-year decrease of 34.94%. The stock income was 0.03 yuan.
Quarterly report analysis
In the first quarter, the company's diamond prices remained at a low level, a slight decrease from the previous month. As the downstream infrastructure construction has not yet reflected the driving role of the diamond industry, sales revenue declined year-on-year. Although benefiting from lower raw material costs and higher production efficiency, the diamond gross profit margin has increased slightly year-on-year. However, as the proportion of the three expenses has increased, the investment income has decreased, and the company's operating profit has decreased more than the operating income.
Overall, the company's operating performance was stable in the first quarter, and its performance has rebounded, but it is still in a downturn.
The second quarter results are likely to reverse
As we analyzed in the previous report (see April 22, “Invisible Leaders Benefiting 4 trillion Investment, Grasping the Present, Investing in the Futureâ€), the downstream demand for diamonds of the company's main products is closely related to infrastructure construction, so it will benefit from 4 The pulling effect of trillions of investments. However, due to the scattered application of diamonds and low concentration, the infrastructure process has a relatively long process of increasing the demand for diamonds from various industries downstream of diamonds. This has resulted in the company not feeling the increase in infrastructure investment in the first quarter. .
We expect that the pull effect will gradually manifest in the second quarter with the arrival of the peak season of infrastructure construction. The short-term effect will increase the demand for diamonds, and prices will stop falling and rebound slightly.
Yellow River whirlwind: performance turning point in the second quarter
Quarterly report data