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评级
公司
澄星股份
黄磷价格反弹提升盈利
基本面分析:澄星股份(600078)前三季度实现主营业务收入11.27亿元,较上年同期下降2.9%;实现主营业务利润14614万元,较上年同期增长8%,实现净利润5348万元,同比下滑6%。公司前三季度实现每股收益0.134元,净资产收益率为4.7%。
三季度末以来,随着国内市场黄磷价格上涨到11000元/吨左右,下游磷化工产品价格均有所回升;同时澄星股份宣威及弥勒黄磷生产基地陆续建成投产,开始为公司磷酸及磷酸盐产品提供稳定和低成本的黄磷原料供应。澄星股份第三季度磷酸和磷酸盐毛利率分别上升至20.34%和10.13%,均达到和接近2004年以来的最高水平。澄星股份云南宣威磷电一体化项目的黄磷和发电装置预计将于2006年内陆续投入生产。宣威磷电公司享受“两免三减半”的税收优惠,2006年将实现盈利,2007年开始将成为澄星股份未来几年主要利润增长动力。
预测:东方证券分析师陈玉辉维持澄星股份2006年、2007年每股收益分别为0.22元和0.46元的盈利预测。以10月23日收盘价5.63元计算,澄星股份2006年、2007年市盈率分别为26倍和12倍。考虑到2008年后宣威磷电公司盈利情况将由于循环经济项目和自备煤矿的投产而继续出现明显增长,维持“增持”评级。 | |
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今日运程如何?财运、事业运、桃花运,给你详细道来!!! |
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月亮之上 |
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秋天不回来 |
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求佛 |
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千里之外 |
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香水有毒 |
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吉祥三宝 |
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天竺少女 |
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一个人哭 |
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退后 |
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断了的弦 |
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还是朋友 |
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水晶蜻蜓 |
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唱给你的歌 |
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