The rare earth plate continued to be sought after by the market funds on the 6th. Among them, the “leader†Baotou Steel Rare Earth stock price closed at the daily limit. Today, the 2010 annual report published by the company shows that its operating income in 2010 reached 5.257 billion yuan, an increase of 102.78%; the net profit attributable to shareholders of listed companies was 750 million yuan, an increase of 1246.18%; basic earnings per share was 0.93 yuan, Send 5 yuan for every 10 shares. From the annual report of Baotou Steel Rare Earth, during the reporting period, the prosperity of the rare earth industry increased, and the prices of various rare earth products rose sharply. In particular, the export prices of various rare earth products rose sharply in the fourth quarter, which became the main business income and gross profit margin of the company. The main reason for growth. For the development of the rare earth industry during the “Twelfth Five-Year Plan†period, Baotou Steel Rare Earth said that some specific policy measures concerning the development of rare earths may be introduced later this year, and will have a positive and far-reaching impact on the long-term development of the rare earth industry. To this end, Baotou Steel Rare Earth said that the company will fully promote the construction of downstream projects and selectively extend the rare earth industrial chain company, which will accelerate the second phase project of 15,000 tons of magnetic materials, the expansion project of 5,000 tons of polishing powder and the annual production of 300 rare earth permanent magnets. The pace of construction of the magnetic resonance instrument project is expected to be completed and put into production as soon as possible; in accordance with the requirements of the government's rare earth franchise policy, the rare earth integration work in the region will be completed quickly, and the centralized management of the rare earth capacity in the upper reaches of Inner Mongolia will be fully realized; and the integration of the rare earth industry in the south will be further expanded. As a result, we continue to select high-quality enterprises outside the region to implement capital operations. The company will also select rare earth functional materials and application product manufacturers with technology and market advantages to carry out equity cooperation to further optimize the downstream industrial structure. Guotai Junan’s newly released research report on Baotou Rare Earth has shown that the gross profit of rare earth tons has nearly doubled since March, and the difference between domestic and foreign products has increased by 30%. The difference between domestic and international rare earth products of Baotou Steel has been nearly 600,000 yuan per ton in the past month. It rose to nearly 800,000 yuan / ton, an increase of 30%. According to this forecast, the company's 2011 earnings per share was 6.4 yuan, given the uncertainty of rare earth prices and company growth in 2012, giving a 20 times price-earnings ratio, target price of 128 yuan. On April 6, Baotou Steel's rare earth transaction volume, the stock price closed at the daily limit, closing at 97.26 yuan, a record high since the listing.
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