**Abstract**
Stock Code: 300080
Securities Abbreviation: Xinda New Materials
Announcement No.: 2014-004
Henan Xinda New Materials Co., Ltd.
2013 Annual Results Preview
The company and all members of the board of directors guarantee that the disclosed information is true, accurate, and complete, with no false records, misleading statements, or material omissions.
**I. Performance Forecast for the Period**
1. Forecast Period: January 1, 2013 to December 31, 2013
2. Expected Performance: Turnaround from loss to profit
**Key Financial Indicators During the Reporting Period**
The net profit attributable to shareholders of the listed company is expected to be approximately RMB 70 million to RMB 75 million, compared to a net loss of RMB 62.32 million in the previous year.
**II. Pre-audit Status of the Performance Forecast**
This performance forecast has not been subject to an audit by a certified public accountant.
**III. Reasons for the Performance Changes**
In 2013, the Chinese government introduced a series of supportive policies aimed at boosting the domestic photovoltaic (PV) market. Additionally, the Sino-European PV trade dispute reached a resolution, leading to a gradual recovery of the PV industry.
Following the completion of the asset restructuring with Pingdingshan Yicheng New Materials Co., Ltd., the company became the leader in the PV sector, significantly improving its market position. This helped reduce the intense price competition within the industry and enhanced the bargaining power of downstream manufacturers. The restructuring also enabled the company to realize scale and synergy benefits, thereby improving overall profitability.
Moreover, the company benefited from equity investment income and the disposal of Pingdingshan Yicheng New Energy Co., Ltd. These factors collectively contributed to the expected profit of approximately RMB 70 million to RMB 75 million in 2013.
**IV. Additional Notes**
The performance forecast is based on preliminary estimates by the company’s finance department. The actual financial results for 2013 will be determined based on the official annual report. The company's board of directors urges investors to remain cautious and aware of potential investment risks.
**Henan Xinda New Materials Co., Ltd.**
Board of Directors
January 30, 2014
Solid polish is a commonly used grinding material in the polishing process. Depending on its purpose, grinding accuracy, and applicable materials, it can be divided into the following categories:
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Classified by grinding accuracy
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-Coarse wax: Strong cutting force, mainly used to remove deep scratches, oxide layers or burrs on the surface of objects, laying the foundation for subsequent fine polishing, suitable for the initial polishing stage.
-Medium wax: Between coarse wax and fine wax, it can further refine the surface, eliminate the traces left by coarse wax, and make the surface smoother.
-Fine wax (mirror wax): High grinding accuracy, weak cutting force, can form a bright mirror effect on the surface of the object, commonly used in the final stage of polishing to enhance surface glossiness.
Classified by applicable materials
Metal Polishing Wax: specially designed for metal materials such as stainless steel, copper, aluminum, etc., it can effectively remove oxide scale and scratches on the metal surface, and enhance the reflectivity of the metal.
Stone polishing wax: suitable for marble, granite and other stones, it can fill the small pores on the surface of the stone, increase the luster and wear resistance of the stone.
Plastic polishing wax: Developed based on the characteristics of plastic materials to avoid damage to the plastic during the polishing process, while improving the smoothness and brightness of the plastic surface.
The composition and characteristics of different types of solid polish vary, and the appropriate type should be selected according to the specific polishing object and requirements to achieve the best polishing effect.
Polish Solid Compound,Solid Polish,Surface Restoration
Jiangmen Gude Polishing Equipment Co., Ltd , https://www.kokipolishing.com