In its Q2 result announcement, the company reported that sales for anti-oxidant increased by 238% mainly due to 6PPD. This is positive development though anti-oxidant is the smallest contributor among the product range.
The company also updated on the 6PPD accreditation status:
Quote:The Group has continued to liaise with its major customers on the accreditation of 6PPD. So far it has received accreditation mainly from PRC customers. The Group will continue its efforts on achieving successful accreditation from the rest of its customers.
Although no timeline is given on when the rest of the accreditation is expected to be completed, I like the fact that they stressed mainly PRC customers have recognized their product so far. This is very transparent reporting.
(07-08-2013, 08:58 AM)Stockerman Wrote: [ -> ]Any by-products relating to the production of rubber accelerators, 6PPD, etc will be emitted.
Even the company admitted that they are still working on pollution reduction if I didn't read wrongly??
There is nothing wrong to be working on pollution reduction. This is part of process improvement which should be continuous. I am sure even the Americans and Europeans are working on pollution reduction. BTW, according to the FY12 AR, they did receive grant from the government for research activities related to this.
(vested)
The discussion on "ISO issue" was implying the company ISO accreditation was bought, and no strong ground was provided to support the accusation. All related posts are removed, and warning is issued.
No more baseless accusation, please.
Thanks
With the latest measure to curb vehicle growth in china , how severe would the impact be on sunsine ? How much of the rubber accelerators are for new vehicles and how much are for replacement and wear and tear ?
Another S chip to fall ?
Base on the news report, the tyre industry in China has already reduced the demand on rubber, causing the low price. It will have pressure on the company rubber accelerator sales, which was 85-90% of its revenue
Let's see the impact on the next 3Q report...
(not vested)
----------------
"...
The benchmark export-grade rubber sheet (RSS3) was at US$2.75 (S$3.50) per kg yesterday, barely changed from US$2.80 per kg in August last year, when farmers first asked the government to intervene.
Thailand is the world’s biggest rubber producer and exporter with around 90 per cent of its output heading overseas. Weak demand, especially from the tyre industry in China, the world’s biggest rubber purchaser, have prevented prices from rising.
..."
http://www.todayonline.com/world/asia/th...er-tax-now
if any, the chairmain MIGHT take this company private on the cheap if share price continues to drop...haha
this should greatly help China Sunsine...
******
Published October 11, 2013
China Sept vehicle sales up 19.7% y/y: industry group
print |email this article Vehicle sales in China rose 19.7 per cent in September from a year earlier, China's automobile makers' association said on Friday, Oct 11, 2013, extending a sustained recovery in the world's biggest automobile market. - PHOTO: REUTERS
[SHANGHAI] Vehicle sales in China rose 19.7 per cent in September from a year earlier, China's automobile makers' association said on Friday, extending a sustained recovery in the world's biggest automobile market.
In August, there was a 10.3 per cent annual rise.
September's robust growth reflects a recovery in China's economy, but was also aided by a low base a year earlier, when a flare-up in anti-Japanese sentiment triggered by a territorial dispute between the two countries slashes sales of Japanese cars in China.
In the first nine months of 2013, vehicle sales rose 12.7 per cent year on year, the China Association of Automobile Manufacturers (CAAM) said. The industry well on track to reach the body's 7 per cent annual growth forecast made in January.
In 2012, China's vehicle sales grew 4.3 per cent. - Reuters
Sunsine has reported a very good set of Q3 results. Share price has jumped 7% this morning, supported by very strong bids..
(06-09-2013, 10:12 AM)CityFarmer Wrote: [ -> ]Base on the news report, the tyre industry in China has already reduced the demand on rubber, causing the low price. It will have pressure on the company rubber accelerator sales, which was 85-90% of its revenue
Let's see the impact on the next 3Q report...
(not vested)
----------------
"...
The benchmark export-grade rubber sheet (RSS3) was at US$2.75 (S$3.50) per kg yesterday, barely changed from US$2.80 per kg in August last year, when farmers first asked the government to intervene.
Thailand is the world’s biggest rubber producer and exporter with around 90 per cent of its output heading overseas. Weak demand, especially from the tyre industry in China, the world’s biggest rubber purchaser, have prevented prices from rising.
..."
http://www.todayonline.com/world/asia/th...er-tax-now
The company reported its 3Q result.
- 19% growth in 3Q2013 revenue to RMB 440.3 mln
- Continue to hit new quarterly sales volume record at 25,406 tons
- Net profit surged 375% y-o-y to RMB 27.1 mln
It seems a good quarter for the company, revenue growth cum increased ASP, and better cost management. Will the performance sustainable?
It seems the lower rubber demand has no impact on the company business, may be due to its increased market shares. A market consolidation in this sector too?
(not vested)
Ref:
http://infopub.sgx.com/FileOpen/CS_3Q201...eID=264121
Quotes from the report:
During the quarter, sales volume across all categories increased due to the Group’s ability to increase its production capacity of existing products and increased market demand, in addition to our marketing and pricing strategies. Sales volume for accelerators and insoluble sulphur steadily grew 12% and 20%, respectively yoy. Sales volume for anti-oxidant (including 6PPD and TMQ) grew a significant 69%.
Chairman statement:
Mr Xu Cheng Qiu (徐承秋), Executive Chairman, says, “Notwithstanding the slower economic growth in the PRC, automobile sales grew 12.7% year on year to 15.9 million units in the past nine months. Our sales volume and market share have continued to expand given our effective marketing strategies and economies of scale. We are confident of the Group’s growth and outlook for the next 12 months. ”
Are the promotions of senior management due to recent business performance? Or gearing up for more in the near future...?
China Sunsine Announces Key Management Appointments
Mr Liu Jing Fu, the Company’s Executive Director, and General Manager of Shandong Sunsine, will be appointed as the Chief Executive Officer (“CEO”) of the Company.
Mr Xu Jun, the Company’s Executive Director, and the Deputy General Manager of Shandong Sunsine, will be promoted to Vice-Chairman of Shandong Sunsine
Mr Ma Ying Qun, the Company’s Executive Director, and the Deputy General Manager of Shandong Sunsine, will be promoted to General Manager of Shandong Sunsine.
Mr Ma Yue Bin, Shandong Sunsine’s Deputy General Manager in charge of the
business segment of Insoluble Sulphur, will be appointed as General Manager of Sheng
Tao to be overall in charge of the general duties and operations of the subsidiary.
Ref:
http://infopub.sgx.com/FileOpen/CS_Press...eID=265591
As Sunsine grows bigger, its competitive advantage becomes even stronger with greater EOS (economy of scale)..
The current share price does not do justice to the world's No 1 top producer of rubber accelerator..
Sunsine should just delist in Spore and relist in HK where its value is better appreciated.