The tax burden has risen in a step-like manner in three years. Baosteel’s tax burden on rare earths has gradually increased in the past three years. The tax losses from 2009 to 2011 were approximately RMB 360.04 million, RMB 823.6 million, and RMB 2.891 billion, respectively, which were attributed to the gold concept. The impact of the lead role, non-ferrous metal plate performance is more active, as of yesterday's close, non-ferrous metal plate rose 0.27%, or among the highest, Baotou Steel rare earth as the "leader" has been leading the rise.
Yesterday, Baotou Steel finally closed its downward trend in the stock price since March 21st. On March 27th, its opening price was 67.52 yuan per share to close at 70.94 yuan per share. At the close, the average daily increase was 8.23. %, and the intraday stock price has been close to daily limit for many times, the maximum increase for the day was 9.88%.
Some analysts expressed their stock price rebound, said: "Yesterday, the non-ferrous metal sector gains were relatively active, but from the perspective of Baotou Steel Rare Earth, its share price should benefit from the company's 2011 annual report released on March 26, And promised dividends."
Rising year by year performance According to the 2012 annual report of Baotou Steel Rare Earth on March 26, 2012, the company's performance has increased significantly. The company's operating income for the year was 11.528 billion yuan, a year-on-year increase of 119%, higher than the 102.78% year-on-year in 2010, higher than the negative growth of -19.59% year-on-year in 2009; the company achieved a net profit of 3.478 billion yuan, a year-on-year increase of 363%. From the perspective of dividend distribution, the company plans to send 10 bonus shares for every 10 shares to all shareholders, distribute 3.5 yuan in cash dividends (including tax), send a total of 1.211 billion bonus shares, and distribute 424 million yuan in cash dividends.
Before Baotou Rare Earth announced its annual report, some analysts predicted that due to the sharp drop in the price of rare earth products, the company's performance in 2011 may decline sharply, and the above analysts once told the "Securities Daily" reporter that from Starting in April 2011, the newly implemented standard for rare earth resources tax is 10 to 20 times higher than the previous standard. This change may continue to affect the company's future performance.
After reading the annual report of Baotou Steel's rare earth since 2009, the reporter found that, taking the various taxes and fees paid in the consolidated cash flow statement as an example, this indicator of Baotou Steel’s rare earth in 2009 was 366 million yuan, and in 2010 it was 8.28 yuan. Billion yuan, in 2011, it was 2.897 billion yuan; the tax refunds received by the company since 2009 are 5.529 million yuan, 4.332 million yuan, and 5.059 million yuan, which can be calculated, Baotou Steel Rare Earth from 2009 to 2011. The tax burden was approximately 3.604 billion yuan, 823.6 million yuan, and 2.891 billion yuan.
When the rare earth ore resources tax standard was just adjusted on April 1, 2011, some people in the industry once said that, after a rough calculation, the adjusted standards for rare earth resource taxes were as follows: Light rare earths included bastnasite and monazite, and they were 60 yuan. / Ton; Medium-heavy rare earth includes yttrium ore, ionic rare earth ore, RMB 30/t. In accordance with the implementation rules of China’s provisional regulations on resource taxes, the “other non-ferrous ore ore ore†tax to which rare earths belong is from RMB 0.4/t to RMB 3/t.
In addition, the reporter noticed that the cost of main operations of Baotou Steel Rare Earth increased from 2009 to 2011. Taking mineral products and rare earth raw material products as an example, in 2009, Baosteel's rare earth mineral products' main business cost was 140 million yuan. In 2010, the cost was 130 million yuan. By 2011, the cost was 2.021 billion yuan. Yuan, the cost of this item has increased by nearly 1343%. Taking the main operating cost of this rare earth oxide product as an example, the cost of this main business in 2009 was 880 million yuan, and the cost in 2010 was 761 million yuan. In 2011, the cost was 1.006 billion yuan, and the cost increased by more than 14%.
Increase in dividends and distribution within 3 years For the growth of Baotou Steel's 2011 earnings, analysts from Anxin Securities pointed out that major increases in rare earth prices and support for industrial chain expansion are the main reasons for the significant increase in performance.
“In the case of antimony oxide, the average price in 2011 was 730,000 yuan/ton, which was an increase of 312% from the average price in 2010. The price of rare earth products increased year-on-year, resulting in the company’s main business revenue and gross profit margin. In addition, the revenue of magnetic materials for rare earth downstream processing products has increased significantly, which contributes significantly to the company’s revenue and profits.The company’s annual magnetic materials revenue was 1.724 billion yuan, a year-on-year increase of 388%, accounting for the proportion of revenue. From 7% in 2010 to 15% in 2011. The gross profit margin also increased by 31% compared to the same period of last year, said the above analysts.
At the same time as the performance rose, Baotou Rare Earth also sent a more generous dividend plan. According to the 2011 annual report, the company's profit distribution plan for the year was to send 10 bonus shares and distribute cash dividends of 3.5 yuan (including tax) to all shareholders without 10 shares, a total of 1.211 billion bonus shares, and 424 million yuan in cash dividends.
In 2009, Baosteel Rare-Earth's dividend scheme plans to distribute 0.5 yuan cash dividend (including tax) to every 10 shareholders for a total of 40.37 million yuan in cash. In 2010, the company sent 5 bonus shares for every 10 shares to all shareholders, distributed a cash dividend of 1 yuan (including tax), attacked 404 million shares of bonus shares, and distributed a cash dividend of 80.73 million yuan.
For the prediction of future performance of the rare earth industry, the above analysts said that the consolidation of rare earths will be gradually implemented this year. The implementation of rare earth special invoices will effectively cut off the supply outside the formal channels; measures to increase industry concentration through integration of rare earth industries will also be implemented. Will continue to advance; environmental verification will eliminate unqualified production capacity; rare earth storage stable prices. In addition, small and medium-sized traders and speculative stocks have been digested relatively cleanly. At present, companies with more inventory are companies like this, and they have their own incentive to maintain prices.
Yesterday, Baotou Steel finally closed its downward trend in the stock price since March 21st. On March 27th, its opening price was 67.52 yuan per share to close at 70.94 yuan per share. At the close, the average daily increase was 8.23. %, and the intraday stock price has been close to daily limit for many times, the maximum increase for the day was 9.88%.
Some analysts expressed their stock price rebound, said: "Yesterday, the non-ferrous metal sector gains were relatively active, but from the perspective of Baotou Steel Rare Earth, its share price should benefit from the company's 2011 annual report released on March 26, And promised dividends."
Rising year by year performance According to the 2012 annual report of Baotou Steel Rare Earth on March 26, 2012, the company's performance has increased significantly. The company's operating income for the year was 11.528 billion yuan, a year-on-year increase of 119%, higher than the 102.78% year-on-year in 2010, higher than the negative growth of -19.59% year-on-year in 2009; the company achieved a net profit of 3.478 billion yuan, a year-on-year increase of 363%. From the perspective of dividend distribution, the company plans to send 10 bonus shares for every 10 shares to all shareholders, distribute 3.5 yuan in cash dividends (including tax), send a total of 1.211 billion bonus shares, and distribute 424 million yuan in cash dividends.
Before Baotou Rare Earth announced its annual report, some analysts predicted that due to the sharp drop in the price of rare earth products, the company's performance in 2011 may decline sharply, and the above analysts once told the "Securities Daily" reporter that from Starting in April 2011, the newly implemented standard for rare earth resources tax is 10 to 20 times higher than the previous standard. This change may continue to affect the company's future performance.
After reading the annual report of Baotou Steel's rare earth since 2009, the reporter found that, taking the various taxes and fees paid in the consolidated cash flow statement as an example, this indicator of Baotou Steel’s rare earth in 2009 was 366 million yuan, and in 2010 it was 8.28 yuan. Billion yuan, in 2011, it was 2.897 billion yuan; the tax refunds received by the company since 2009 are 5.529 million yuan, 4.332 million yuan, and 5.059 million yuan, which can be calculated, Baotou Steel Rare Earth from 2009 to 2011. The tax burden was approximately 3.604 billion yuan, 823.6 million yuan, and 2.891 billion yuan.
When the rare earth ore resources tax standard was just adjusted on April 1, 2011, some people in the industry once said that, after a rough calculation, the adjusted standards for rare earth resource taxes were as follows: Light rare earths included bastnasite and monazite, and they were 60 yuan. / Ton; Medium-heavy rare earth includes yttrium ore, ionic rare earth ore, RMB 30/t. In accordance with the implementation rules of China’s provisional regulations on resource taxes, the “other non-ferrous ore ore ore†tax to which rare earths belong is from RMB 0.4/t to RMB 3/t.
In addition, the reporter noticed that the cost of main operations of Baotou Steel Rare Earth increased from 2009 to 2011. Taking mineral products and rare earth raw material products as an example, in 2009, Baosteel's rare earth mineral products' main business cost was 140 million yuan. In 2010, the cost was 130 million yuan. By 2011, the cost was 2.021 billion yuan. Yuan, the cost of this item has increased by nearly 1343%. Taking the main operating cost of this rare earth oxide product as an example, the cost of this main business in 2009 was 880 million yuan, and the cost in 2010 was 761 million yuan. In 2011, the cost was 1.006 billion yuan, and the cost increased by more than 14%.
Increase in dividends and distribution within 3 years For the growth of Baotou Steel's 2011 earnings, analysts from Anxin Securities pointed out that major increases in rare earth prices and support for industrial chain expansion are the main reasons for the significant increase in performance.
“In the case of antimony oxide, the average price in 2011 was 730,000 yuan/ton, which was an increase of 312% from the average price in 2010. The price of rare earth products increased year-on-year, resulting in the company’s main business revenue and gross profit margin. In addition, the revenue of magnetic materials for rare earth downstream processing products has increased significantly, which contributes significantly to the company’s revenue and profits.The company’s annual magnetic materials revenue was 1.724 billion yuan, a year-on-year increase of 388%, accounting for the proportion of revenue. From 7% in 2010 to 15% in 2011. The gross profit margin also increased by 31% compared to the same period of last year, said the above analysts.
At the same time as the performance rose, Baotou Rare Earth also sent a more generous dividend plan. According to the 2011 annual report, the company's profit distribution plan for the year was to send 10 bonus shares and distribute cash dividends of 3.5 yuan (including tax) to all shareholders without 10 shares, a total of 1.211 billion bonus shares, and 424 million yuan in cash dividends.
In 2009, Baosteel Rare-Earth's dividend scheme plans to distribute 0.5 yuan cash dividend (including tax) to every 10 shareholders for a total of 40.37 million yuan in cash. In 2010, the company sent 5 bonus shares for every 10 shares to all shareholders, distributed a cash dividend of 1 yuan (including tax), attacked 404 million shares of bonus shares, and distributed a cash dividend of 80.73 million yuan.
For the prediction of future performance of the rare earth industry, the above analysts said that the consolidation of rare earths will be gradually implemented this year. The implementation of rare earth special invoices will effectively cut off the supply outside the formal channels; measures to increase industry concentration through integration of rare earth industries will also be implemented. Will continue to advance; environmental verification will eliminate unqualified production capacity; rare earth storage stable prices. In addition, small and medium-sized traders and speculative stocks have been digested relatively cleanly. At present, companies with more inventory are companies like this, and they have their own incentive to maintain prices.
Real Wooden Blades Ceiling Fan Light
Real Wooden Blades Ceiling Fan Light,wood ceiling fan,ceiling lights fan,modern ceiling fan with light
JIANGMEN ESCLIGHTING TECHNOLOGY LIMITED , https://www.windfansummer.com