On November 14, Antai Technology Company announced that the US Department of Commerce officially imposed anti-dumping duties on Chinese and Korean diamond saw blades. Among them, the company's controlling subsidiary Beijing Antai Steel Research Superhard Materials Co., Ltd. has a tax rate of 2.82%, while other Chinese companies have an average tax rate of 21.4%, and Korean companies have an average tax rate of 16.4%.
The company suffered the least loss in this anti-dumping tax order, only 2.82%. In 2009, it is estimated that the products exported to the United States will be about 50 million yuan, resulting in a loss of 1.4 million yuan and an EPS reduction of 0.003 yuan.
The reason why the company suffers losses far less than other companies in the industry, there are three main reasons: (1)
The product has high technical content and is irreplaceable. The “high-grade diamond tool industrialization project†of the previous fundraising project will be put into production at the end of 2009, which will increase the advantages with other companies; (2) cost management norms, in line with WTO regulations; (3) market sales channel compliance, adopted The mode of operation of the agent.
The implementation of the US anti-dumping tax order has a positive stimulus for the company. Because this incident is bound to cause some companies to withdraw from the US market, and the company's market share in the United States will further increase. With the recovery of the US real estate industry, it is expected that the company's diamond saw blade business will see significant growth in 2010.
The company's future highlights are still in the amorphous strip. At present, the daily output of the 10,000-ton production line is stable at 20 to 26 tons, and the subsequent 30,000-ton production line is expected to end the hot test at the end of the year. State Grid is expected to invest special funds to subsidize the price of amorphous transformers, which will greatly enhance the promotion of amorphous transformers.
New energy and new materials will become the core competitiveness of China's future industrial transformation. The company has obvious first-mover advantages in many fields. Among them, Hongfuyuan Technology Co., Ltd. is the largest nickel-hydrogen battery material in China - hydrogen storage alloy powder. One of the suppliers. It is estimated that in 2009-11, the company can achieve EPS 0.39, 0.70, and 0.99 yuan, maintaining the "overweight" rating.
The company suffered the least loss in this anti-dumping tax order, only 2.82%. In 2009, it is estimated that the products exported to the United States will be about 50 million yuan, resulting in a loss of 1.4 million yuan and an EPS reduction of 0.003 yuan.
The reason why the company suffers losses far less than other companies in the industry, there are three main reasons: (1)
The product has high technical content and is irreplaceable. The “high-grade diamond tool industrialization project†of the previous fundraising project will be put into production at the end of 2009, which will increase the advantages with other companies; (2) cost management norms, in line with WTO regulations; (3) market sales channel compliance, adopted The mode of operation of the agent.
The implementation of the US anti-dumping tax order has a positive stimulus for the company. Because this incident is bound to cause some companies to withdraw from the US market, and the company's market share in the United States will further increase. With the recovery of the US real estate industry, it is expected that the company's diamond saw blade business will see significant growth in 2010.
The company's future highlights are still in the amorphous strip. At present, the daily output of the 10,000-ton production line is stable at 20 to 26 tons, and the subsequent 30,000-ton production line is expected to end the hot test at the end of the year. State Grid is expected to invest special funds to subsidize the price of amorphous transformers, which will greatly enhance the promotion of amorphous transformers.
New energy and new materials will become the core competitiveness of China's future industrial transformation. The company has obvious first-mover advantages in many fields. Among them, Hongfuyuan Technology Co., Ltd. is the largest nickel-hydrogen battery material in China - hydrogen storage alloy powder. One of the suppliers. It is estimated that in 2009-11, the company can achieve EPS 0.39, 0.70, and 0.99 yuan, maintaining the "overweight" rating.
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