Fuyao Glass main fled dished out four hours a total of about 28 million yuan (2)

Three major risk drag Fuyao Glass 2008 a difficult year, regardless of the Fuyao Glass, or the owner of the shares for. Fuyao Glass 2007 Main achieving a total revenue 4959235400 yuan, of which 1458410100 yuan from overseas, accounting for about 29.4 percent, mainly to the U.S. dollar clearing. And this year about the appreciation of the RMB against the U.S. dollar by 6%, and have accelerated the trend of appreciation. Three major risks, this one. Second, if the company said the reorganization A stock market is the eternal themes, then the first half of 2008 to contend with the subject matter is no doubt the concept of price increases, coke, vitamins, phosphate, pesticides, and so all through "rose Price "was out of a wave of independence in the market prices. However, Fuyao Glass, the price hikes is not a good story, Fuyao Glass opened the first quarter 2008 performance report found that its main business of float glass and car-mail the decline in gross margins, sales Gross margin from 2007's 37.69 percent decline in the mid-2008 to the first quarter of 32.95 percent. The reason, in addition to the appreciation of the renminbi, the biggest factor behind the cost is rising. If, as the main raw materials of automotive glass soda, in 2008 the first five months of the end of 2007 than the average price has climbed about 20 percent. In addition, automotive glass manufacturers need to consume a large amount of heavy oil, in 2008 all the way since the international crude oil prices soaring, the current stability in about 130 U.S. dollars, Fuyao Glass on the same cost control resulted in greater pressure. The prices of raw materials in the context of the entire automotive industry's declining gross margin level, which makes Fuyao Glass to the cost pressures being transmitted to the lower reaches of the vehicle industry is even more difficult. The third is from the policies of the risks. China's current auto consumption pattern is very expensive car prices, cheaper and fuel prices. Chinese consumers, the main consideration is the vehicle to buy a one-time expenditures, and the day-to-day support to worry about spending less. Long-term perspective, China's current low oil price policy is obviously not conducive economic environment for sustainable development, with the disposable income of residents continue to improve, low fuel domestic policy may lead to changes in the structure of car models, that is, more people Like to buy high-emission fuel consumption of fuel-efficient cars and to gradually abandon the economic cars, which like China a country with a large population is difficult to sustain. Therefore, the refined oil prices is bound to open up. This is almost on all vehicles and auto parts stocks are a big negative.