就是，不要看别人炒股赚点钱就眼红，常在河边走，终会湿脚，公司最终都会慢慢倒闭。
这里的网友赚钱的时候才发个帖子告诉大家
亏钱的时候可从来不吭声了
Sinotechfibre出什么问题了吗？从报表看不应该跌成这样吧？
看了一下FY08的报表，想不到4Q居然差到这种程度。
这个公司一直看起来不错，直到去年10月10日发表business update。从这天起，给人的感觉就是步调紊乱，处于胡言乱语，语无伦次的状态了。
10月10日说"deems it appropriate to issue a profit guidance in respect of the financial performance of the Company and its subsidiaries (the “Group”)."，让人以为3q业绩会很差，不料3q业绩还算是马马虎虎过得去，既然如此，为何要发profit guidance呢？4q业绩这么差，才是真要发这么个咚咚，却又偏偏不发。
也是从发了这个东西后，吾听到传言，说他capex很大，象PMP几条线（记得买了4条吧，目前只是在装第2条）已经付了钱，那时候第2条还是买了没装，为何这么花钱，买了东西不用，有人怀疑公司是不是有人借这个在捞钱阿。从FY08 result第5页cashflow statement中看，07FY花了6亿8，08FY花了4亿7，两年花了11亿5，确实太狠了。而且公司说过08FY capex的计划是6亿，这个cashflow statement上只有4亿7，这个08年少花的1亿3是不是09年接着还要花啊。
4Q的gross profit margin 掉了17个点，从46%掉到了29%，说明了这个行业经营情况的急剧恶化，非常令人担忧。也不由得令吾对其他几家化纤公司不看好。吾� (more...)
谢牛王拨冗，看来之能擦干眼泪，从头来过了，唉，一夜回到5年前
熊市不可怕，可怕的是公司被淘空，这样你就永世不得翻身了！避开这种乡镇企业！不要看别人做短差赚点小钱就眼红，常在河边走，终会被拖下水。
谢谢昌昊，希望以后有机会再向你当面讨教
看了一下FY08的报表，想不到4Q居然差到这种程度。
这个公司一直看起来不错，直到去年10月10日发表business update。从这天起，给人的感觉就是步调紊乱，处于胡言乱语，语无伦次的状态了。
10月10日说"deems it appropriate to issue a profit guidance in respect of the financial performance of the Company and its subsidiaries (the “Group”)."，让人以为3q业绩会很差，不料3q业绩还算是马马虎虎过得去，既然如此，为何要发profit guidance呢？4q业绩这么差，才是真要发这么个咚咚，却又偏偏不发。
也是从发了这个东西后，吾听到传言，说他capex很大，象PMP几条线（记得买了4条吧，目前只是在装第2条）已经付了钱，那时候第2条还是买了没装，为何这么花钱，买了东西不用，有人怀疑公司是不是有人借这个在捞钱阿。从FY08 result第5页cashflow statement中看，07FY花了6亿8，08FY花了4亿7，两年花了11亿5，确实太狠了。而且公司说过08FY capex的计划是6亿，这个cashflow statement上只有4亿7，这个08年少花的1亿3是不是09年接着还要花啊。
4Q的gross profit margin 掉了17个点，从46%掉到了29%，说明了这个行业经营情况的急剧恶化，非常令人担忧。也不由得令吾对其他几家化纤公司不看好。吾� (more...)
请教，关于Yangzijiang的报表
牛兄帮忙看一下，Yangzijiang 的Net Profit 从2007年0.87 billion增加到1.58 b， 但是Total Equity 仅从4.307b 增加到4.315b，不知道这是为什么啊？我刚刚开始看报表，总觉得equity增加值要和net profit 差不多才对吧？
debt从0.03猛增到0.45b，这个是不是应该已经从revenue --> profit的计算里面减去了？
多谢！
debt从0.03猛增到0.45b，这个是不是应该已经从revenue --> profit的计算里面减去了？
多谢！
熊市不可怕，可怕的是公司被淘空，这样你就永世不得翻身了！避开这种乡镇企业！不要看别人做短差赚点小钱就眼红，常在河边走，终会被拖下水。
昌昊大大是小弟最佩服的高手之一
要是早听昌昊老大的话不买龙愁股，不会有今天这样的损失T_T
这个公司似乎还有点责任心。发了澄清公告。
Pursuant to our FY 2008 results announcement released on 23 February 2009 (the
“ FY2008 Results Announcement”), we have received some comments from our
shareholders and would like to set out our clarifications as follows:
1. The Group’s 4Q08 gross margins and average selling prices (ASPs) of our
PU and Microfibre products
We do not have any comparables who are carrying out the exact same business
in which we are operating in. We believe that our product mix, product
quality and customer base are different from other similar participants who are
deemed to be in a similar business.
In terms of our customer base, our major customers include the People’s
Liberation Army and various other government agencies, which accounted for
approximately 20% of our total sales in FY2008. As the pricing of these
customers are less volatile than other customers, this has helped to cushion the
effect of declining price from our other customers in the 4Q2008.
As for product mix and product quality, we believe that we are one of the few
factories in the PRC who can give its customers, the most variety of choices
and most reliable quality in products. As such, we can maintain a relatively
stronger bargaining power.
Furthermore, the 4Q2008 result has included some revenues from orders
placed by the customers in mid 2008, during such period the order pricing was
better that in end 2008.
Because of the above, we may have maintained a relatively good ASP and
good margins in 4Q2008.
As highlighted in our FY2008 Results Announcement, we are experiencing
huge pressure on decreasing demand and price pressure on both PU and
Microfibre products and this may ultimately have an impact on our margins
and profit in the future.
2. PMP products
It is our practice to carry out feasibility studies before we make any moves in
new projects. We did market due diligence, technology know how and other
parameters on our PMP production facilities before we made the decision to
purchase such facilities from independent third parties.
From what our market intelligence tells us, we are the only company in China
that is able to produce high temperature injection multi-use PMP using the
highly-superior US technology. We are not aware of any other company in
China that is able to produce PMP which applied to synthetic leather.
There is currently no official data on the PMP import figures in the PRC, and
we maintain our estimation that the market for PMP is about 100,000 tonnes,
although it may have been affected by the recent economic downturn. We
continue to be positive about the potential of the PMP business for our Group.
Our daily operations are conducted normally and we expect that it is not necessary
to undertake any fund raising exercise during FY2009.
“ FY2008 Results Announcement”), we have received some comments from our
shareholders and would like to set out our clarifications as follows:
1. The Group’s 4Q08 gross margins and average selling prices (ASPs) of our
PU and Microfibre products
We do not have any comparables who are carrying out the exact same business
in which we are operating in. We believe that our product mix, product
quality and customer base are different from other similar participants who are
deemed to be in a similar business.
In terms of our customer base, our major customers include the People’s
Liberation Army and various other government agencies, which accounted for
approximately 20% of our total sales in FY2008. As the pricing of these
customers are less volatile than other customers, this has helped to cushion the
effect of declining price from our other customers in the 4Q2008.
As for product mix and product quality, we believe that we are one of the few
factories in the PRC who can give its customers, the most variety of choices
and most reliable quality in products. As such, we can maintain a relatively
stronger bargaining power.
Furthermore, the 4Q2008 result has included some revenues from orders
placed by the customers in mid 2008, during such period the order pricing was
better that in end 2008.
Because of the above, we may have maintained a relatively good ASP and
good margins in 4Q2008.
As highlighted in our FY2008 Results Announcement, we are experiencing
huge pressure on decreasing demand and price pressure on both PU and
Microfibre products and this may ultimately have an impact on our margins
and profit in the future.
2. PMP products
It is our practice to carry out feasibility studies before we make any moves in
new projects. We did market due diligence, technology know how and other
parameters on our PMP production facilities before we made the decision to
purchase such facilities from independent third parties.
From what our market intelligence tells us, we are the only company in China
that is able to produce high temperature injection multi-use PMP using the
highly-superior US technology. We are not aware of any other company in
China that is able to produce PMP which applied to synthetic leather.
There is currently no official data on the PMP import figures in the PRC, and
we maintain our estimation that the market for PMP is about 100,000 tonnes,
although it may have been affected by the recent economic downturn. We
continue to be positive about the potential of the PMP business for our Group.
Our daily operations are conducted normally and we expect that it is not necessary
to undertake any fund raising exercise during FY2009.
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