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【中银国际】斯米克:期待产能释放及新资源项目

中銀國際證券 ·  May 19, 2010 00:00  · Researches

Smick has a certain brand advantage in the building ceramics production industry, and its comprehensive strength is at the forefront of the industry. In 2010, the company's production capacity of 15 million square meters in Jiangxi is expected to reach full production. The capacity utilization rate is expected to be 80%, increasing the production volume of mid-grade tiles by 12 million square meters. Considering the contribution of additional production capacity, the company's ceramic tile sales volume is expected to reach more than 19 million square meters in 2010. However, the company's ability to raise prices for products is limited, fuel costs are on the rise, and product sales may be affected to a certain extent in the context of macro-control in the real estate industry.

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