Abstract Since September of this year to enter the sound development of the photovoltaic industry, Henan Daxin Materials (8.030,0.00,0.00%) material Co., Ltd. (hereinafter referred to as the new Daxin Materials) also crashed on performance, creating a third-quarter net Profit growth of 477.66% is good...
Since the photovoltaic industry entered a benign development in September this year, the performance of Henan Xinda New Materials (8.030, 0.00, 0.00%) Materials Co., Ltd. (hereinafter referred to as Xinda New Materials) also responded to the trend, creating a third quarter net profit. An increase of 477.66%.

For the reason for the success, Sun Yi, chairman of Xinda New Materials, said on November 27 that the company's performance was in the third quarter as a watershed and began to enter a healthy development track. The second phase of the resin diamond line, which is of strategic importance to the company's future development, is currently under construction and is expected to be commissioned in 2014.

Wang Dongliang, director of Henan Securities Department of Northeast China, said that after the European and American double-reverse, the country's industrial policy support has caused the photovoltaic industry to bottom out and it is expected that there will be more room for growth next year.

Multiple benefits to promote industry recovery

With the peaceful resolution of the Sino-European PV double-reaction event and the rapid expansion of markets such as China, Japan and the United States, the global PV industry has begun to show signs of recovery.

As a downstream company in the photovoltaic industry, Xindaxin Materials will supply silicon wafer cutting blades to achieve a reversal of performance. Especially after the completion of the acquisition of Pingdingshan Yicheng New Materials Co., Ltd. last year, the synergy effect of strong alliance is more obvious.

It is understood that the current market share of new large new materials is about 40%, and it has become a collection of silicon carbide micropowder applications, production of crystalline silicon wafer cutting edge materials, production of resin diamond wire, recycling of waste mortar, technical design and development of photovoltaic power plants. Installed as one, high-tech enterprises with total assets of more than 5 billion yuan.

Sun Yi said that before the new Daxin material did not acquire Yicheng New Materials, the products, market and technology of the two companies were almost equal. Xinda New Materials acquired Yicheng New Materials and established its leading position in the industry.

Xindaxin Materials said in the third quarter announcement that it is expected to turn losses into profits in 2013, and the accumulated net profit from the beginning of the year to the end of the next reporting period is expected to be 53 million yuan to 73 million yuan.

Wang Dongliang said that it is estimated that the global installed capacity will reach 35GW this year, YoY+10% (YoY refers to the current period of data changes compared with the same period last year), and China is expected to contribute more than 8GW of installed capacity, which will effectively boost local batteries and components. The operation of the manufacturers, supplemented by subsidies and improved financial support policies, will have a huge positive impact on the operating rate of domestic midstream manufacturers and downstream power station builders.

Guotai Junan published a research report that the recent series of distributed policies and 2014 planning targets have been introduced, which are measures to improve demand by driving power station terminals.

Wang Dongliang said that after the PV industry experienced a downturn in the past two years, the bankruptcy, restructuring and merger of industrial enterprises will become more and more important. The operating risks of small and medium-sized customers are relatively high. Under the existing market conditions, customers are properly concentrated. Large customers will improve the company's ability to resist risks.

Qunyi Securities also predicted the performance of the new large new materials. It is estimated that the revenue of Xindaxin Materials in 2013 and 2014 will reach 1.535 billion yuan and 2.186 billion yuan respectively, and YoY will increase by 76.91% and 42.36% respectively.

Snatch the right to speak in the market

“At present, Xinda New Materials is the industry with the highest market share in the industry, which is conducive to changing the current low-price vicious competition in the industry. It also enhances the company’s bargaining power for downstream manufacturers and exerts the scale effect after restructuring. The company's profitability will be further improved." Sun Yi said.

Wang Dongliang said that if the leading position of the industry directly helped the development of the new big new materials business, then in June this year, the acquisition of new large new materials by Pingmei Shenma Group played a role in promoting the development of new and new materials.

According to the promise of asset restructuring, the company's major shareholder Pingmei Shenma Group has given strong support to the new big new materials.

In addition to the commitment of the restructuring target Yicheng New Materials in 2013 and 2014 to make a commitment of RMB 0.6 billion and RMB 100 million (the difference will be replenished in cash, Yi Cheng earned about RMB 4 million in the first half of 2013), and promised that if the company’s share price The secondary market is not performing well and will implement an increase.

The commitment of the major shareholder made Sun Yi completely let go of his worries.

The resin diamond wire and power station business has great potential for development as a profit growth point for new and new materials.

It is understood that at present, Xinda New Materials has built a 1.2 million km/year resin diamond cutting line and exported it to Japan. The second phase is 2.4 million km/year under construction and is expected to be put into operation in 2014.

“Resin diamond wire cutting compared with traditional mortar can increase cutting efficiency by more than 100%, and the capacity of 3.6 million km/year can meet the cutting requirements of 1.8GW silicon wafers.” Sun Yi told reporters.

At the same time, Yicheng New Energy's Yicheng New Energy will build a 12.5MW Golden Solar Power Project this year. In the future, Yicheng New Energy is applying for the construction of the first 400MW power plant in 2015 signed by 180MW, Xindaxin Energy and Liaoning Chaoyang County. Starting in 2014, it is expected to contribute considerable income.

Sun Yi said that in the future, it will develop in depth between the three major industries of new materials, new energy, energy conservation and environmental protection.

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