Mei Da Shares Will Receive Huge Financial Subsidies To Clarify Rumors

Mei Da shares issued a clarification notice today, which is verified by the management of the company. The above information about financial subsidies is a rumor.

At present, the company has not obtained, and can not get 120 million yuan of financial subsidies.

According to the three quarterly bulletin disclosed by the company, as of September 30th, the company received a total of 1 million 488 thousand and 800 yuan in financial subsidies this year, mainly for supporting the company's technical pformation projects, and closely related to the main business of the company.

As for the company's annual business performance expectations, the company said that as of the three quarter, the company's net profit attributable to shareholders of listed companies was 53 million 262 thousand and 400 yuan, and its basic earnings per share were 0.132 yuan.

However, because the company's performance was greatly influenced by the fluctuation of raw materials, and entered the four quarter, the sales of the main products of the company were uncertain, and the company could not predict the four quarter business performance. Therefore, it was impossible to predict the performance of the company in the year of 2010.

Some analysts have pointed out that since the company mainly engaged in the production and sale of nylon sliced, filament and chemical dyed fabrics, its main raw material is caprolactam.

Since the beginning of this year, the provisional tariff rate of the national import tax on caprolactam has been raised from 5% to 7%, and the purchasing cost of raw materials has increased correspondingly.

To add insult to injury, the tariff rate of caprolactam in China is still high compared with neighboring countries and regions.

As a result, foreign nylon slicing and filament yarns compete with domestic products at lower prices, thus further diluting the domestic market.