Nanning Sugar In The Second Half Performance Will Be On The Right Track

By Financial Crisis and the impact of low-priced imported sugar

, domestic sugar poor corporate performance in the first half performance. Nanning Sugar semi-annual report released recently shows that the first half performance from a year earlier the company fell nearly Liu Cheng. The investment adviser Food Chen Chen, chief researcher at the industry believe that, with sugar to increase the economic rebound in the second half Sugar Will gradually rise, Nanning sugar industry in the second half performance will be on the right track. Nanning Sugar

semi-annual report released shows that first-half performance from a year earlier fell nearly Liu Cheng. But the chain showed a loss in the case of the first quarter, second quarter losses successful, profit 93,902,100 yuan. During the reporting period, the company achieved operating income of 1.786 billion yuan, down 14.53 percent year on year; attributable to shareholders of listed companies net profit of 37666900 yuan, down 58.74 percent year on year; basic earnings per share of 0.13 yuan, down 59.38% year on year.

The first half of the financial crisis, the market demand is limited, sugar, volatile price movements, the main products the company also will profit mechanism of sugar ups and downs, resulting in the overall efficiency of the instability. In addition, sugar prices continue to decline as imports, which had an impact on the domestic sugar industry.

5 months, I have imported 141,457 tons of sugar, compared with the same period in 2008 increased 26%. January-May total sugar imports 639,459 tons, representing 66% increase over the same period in 2008. At present, the domestic sugar price close to 4,000 yuan per ton, while imports of sugar prices in May less than 3,000 yuan per ton.

Investment adviser in chief researcher Chen Chen that the food industry, resulting in a substantial sugar industry and the business benefits are many reasons for the decline, mainly due to the invasion of foreign low-cost sugar and inventory factors. Data from the Ministry of Industry, produced by the previous crop season than sales, the late crop season prices, and stocks more influence, the sugar crop season significantly decreased efficiency of the sector, 1? May deficit of 260 million yuan.

In the food industry investment adviser Chen Chen, chief researcher believes that with the economic rebound increase in sugar, sugar prices will gradually rise in the second half, Nanning Sugar in the second half performance expected to improve. Nanning Sugar Industry data also show that the data read from the chain, Nanning Sugar loss of 56.2352 million yuan in the first quarter of this year, but the whole first half of 37.6669 million yuan in profits, which means that the successful company in the second quarter losses, and create profit 93.9021 million yuan.

Data indicate that Beverages Sugary foods account for 32% of the amount of sugar, and this year one? May, beverage manufacturing industry output value of 24.75 billion yuan, up 11.1%, maintained a good momentum of development. As the domestic sugar production fell, leading to sugar supply and demand imbalance, with the sugar Sell Coming season, sugar prices rise further, industry-wide loss situation will be improved.

09 years, China's consumption of sugar has been a seasonal warming. As the decline in domestic sugar production, which leads to sugar supply and demand imbalance, with the arrival of the sugar season, sugar prices further rise.

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