The net profit after deducting non-profit for 15 years is-37.99 million yuan. Shuanghuan Technology released its annual report in 2015. during the reporting period, the company's total operating income was 3.882786 billion yuan, down 2.95% from the same period last year, and its operating cost was 3.2413531 billion yuan, down 3.33% from the same period last year. The total profit realized and the net profit belonging to the owner of the parent company were 9.6684 million yuan and 1181.84 yuan respectively, down 34.64% and 53.78% respectively. Realize EPS0.025 yuan, deduct non-net profit-37.99 million yuan. An increase of 32% over the same period last year. Non-profit and loss reached 49.81 million yuan.
Soda ash has gone through the most difficult phase. The average price of soda ash (East China) in the past 15 years was 1338 yuan, down 7% from the same period last year, mainly due to low demand for downstream real estate, overcapacity in the industry and fierce competition. The average price of ammonium chloride for the whole year was 460 yuan / ton, an increase of 18.91% over the same period last year. Overall, the company's Lian alkali business income was 3.098 billion yuan, an increase of 1.71% over the same period last year, and the gross profit margin was 16.04%, down 1.71% from the same period last year. At present, soda ash has passed the most difficult stage, and the market of the whole industry has begun to recover. With the gradual implementation of the national macro-control policy, the soda ash industry will also usher in the opportunity for development.
Diversified development has been actively implemented. During the reporting period, the main business income of the real estate industry was 553.2653 million yuan, the main business income of the building materials industry was 83.7436 million yuan, and that of the trade industry was 147.7858 million yuan.
The company will actively carry out diversified development to increase new profit growth points for the company.
The planned income for 16 years is 4 billion yuan. In the new year, it is planned to produce and sell 1.8 million tons of soda ash, 1.5 million tons of ammonia chloride and 80,000 tons of liquid ammonia, with a sales income of 4 billion yuan. The company will develop new processes, develop new products, promote ammonia-alkali fertilizer and calcium co-production projects, expand the production capacity of heavy soda ash, develop varieties of salt, etc.; the company will also actively adopt the most advanced coal gasification technology in China to greatly reduce production costs and ensure the competitiveness of the company's products.
No rating for the time being. The progress of the company's coal gasification technology and the benefits of salt reform are worthy of attention in the future. It is estimated that the EPS of the company in 16-17 is 0.03,0.03 yuan respectively. At present, the industry is still at the bottom, and the valuation of the company is higher than that of the same industry, so it will not be rated for the time being.
Risk hint. The risk of soda ash price decline; the real estate downturn leads to the risk of soda ash demand decline.