Rare Earth Hi-Tech Communication poor battery project
Friday, June 5th, 2009Rare Earth Hi-Tech Communication poor battery project
(Trackback: Laptop Battery for the world.)
Chuan-Rare Earth Hi-Tech (600111) company’s fourth quarter results and third quarter results almost. The battery status of the project with a greater departure from the original plan is still in testing, the official start time can not be sure.
Analysis: The main rare earth concentrate and rare earth deep-processing products, rare earth new materials production and sales; Rare Earth High-tech applications in 2003, the first three quarters of 0.067 yuan per share, 14,560 shares outstanding shares. Rare Earth Rare Earth Hi-Tech industry in China’s first listed company, but also the domestic rare earth industry is currently the largest manufacturing enterprises, and its mineral production capacity is about more than half of the country’s smelting capacity is the largest separation. Judging from the company by the industry, with mobile phones and information appliances industry, the rapid growth of emerging power markets are broad, and is an important rare earth materials, rare earth resources China is a big country of the world’s total reserves of 80% of reserves, the major shareholder of Rare Earth Hi-Tech relies on Steel Group has total proven reserves of rare earth more than 90% of the Bayan Obo rare earth ore, has a unique advantage of the natural resources and monopoly. According to the company released third-quarter report showed that the decline in product prices and raw material prices and other adverse factors, the reporting period the company to achieve the main business income of 68,916,600 yuan, the same period last year increased by 4.3%; to achieve a net profit of 6,454,300 yuan, than the 23.57 percent decline in the same period last year. First half of last year, the company 24.91 million yuan in cash Zibo in Shandong Province to increase non-ferrous metal smelter, the company accounted for 40% of registered capital and use its own funds to acquire Baotou Rare Earth Products China and the United States 33.3% stake in the company, becoming the largest shareholder of the company . At this point, through a series of mergers and acquisitions, the company resources to achieve integration, to further strengthen the industry leader. The hot batteries are here, they are all hp battery brands - hp nc6110 battery, hp nc6120 battery, hp nc6140 battery, hp nc6200 battery, hp nc6220 battery, hp nc6230 battery, hp nx6110 battery, hp nx6120 battery, hp nx6125 battery. Overall, the Rare Earth Hi-Tech are optimistic about the prospect of the industry, should be optimistic about the future development. However, their current ability to meet the above-mentioned subject matter, yet to be confirmed.
