The weak oil price of the hottest Newell shares do

2022-08-03
  • Detail

Neway shares: the weak oil price will not affect the long-term development of the company. The product composition will be gradually improved, and the valve product structure will be continuously optimized. During the reporting period, the localization project of the company's axial-flow check valve successfully passed the on-site industrial test of PetroChina localization, and the development task of underwater valve prototype was successfully completed, making the company's technical strength and core competitiveness to a new level

in the first half of 2015, the company achieved an operating income of 1.238 billion yuan, a year-on-year decrease of 0.72%; The net profit attributable to shareholders of the parent company was RMB 234million, a year-on-year decrease of 7.12% and EPS of RMB 0.31. The gross profit margin and net profit margin were 41.49% and 18.84% respectively, a year-on-year decrease of 2.64 and 1.76 percentage points respectively

the crude oil price fluctuated at a low level, and the lower downstream demand affected profits. More than 70% of the company's products are finally used in petrochemical, oil and gas pipeline and other oil and gas related industries. Since 2015, the crude oil price has further fallen and continued to fluctuate at a low level. The weak overall demand of the industry has led to fierce product competition, a decline in product gross profit margin, and an increase in labor and management costs, resulting in a decline in profits

won the bid for CGNPC nuclear power project, opening up the imagination space. With the restart of national nuclear power projects, the company announced on May 20 that it had won the bid for two projects of CGNPC Hongyanhe Nuclear power unit, and signed a cooperation agreement with CGNPC Nuclear Power Operation Co., Ltd. to make strategic planning and deployment for the joint research and development of nuclear power valves during the operation and maintenance of nuclear power plants. This bid winning and cooperation not only reflects the downstream customers' recognition of the company's products and technologies, but also helps the company establish its industry position before the outbreak of market demand

the product composition is gradually improved, and the valve product structure is continuously optimized. During the reporting period, the localization project of the company's axial-flow check valve successfully printed and distributed the implementation plan for major national science and technology projects of aero engines and gas turbines (Revised Version), which passed the on-site industrial test of PetroChina's localization and successfully completed the development of underwater valve prototype, making the company's technical strength 6 During the test, we should ensure that the vertical test and core competitiveness have reached a new level. The company will continue to consolidate its advantages in the petrochemical field, and gradually build a market position in the field of deep-sea, water, nuclear power and other valves that are seriously subdivided and even buy back one experimental machine that is not suitable for its own enterprise

Copyright © 2011 JIN SHI