Yesterday, petrochemical machinery rose 4.29% against the market, closing at 9 yuan, the turnover rate was 5.07%, the stock recently showed a heavy upward trend.
In terms of performance, in 2017, the company achieved a revenue of 4 billion yuan, a year-on-year increase of 16%. It ended the trend of three consecutive years of decline, achieving a net profit of 9.4 million yuan, which was a loss from the loss of 830 million yuan in 2016. The company expects a loss of 80 million to 85 million yuan in the first half of 2018, a significant reduction from the loss of 160 million yuan in the same period last year. It is expected that the performance will be greatly improved in 2018.
The company is an oil and gas equipment company, and its products mainly involve two industries, natural gas and oil service. The company on natural gas mainly involves three parts. Equipment demand brought about by shale gas development, demand for steel pipes brought by long-distance pipeline network and compressor demand brought by construction of gas storage facilities.
Zhongtai Securities said that the company is the only oil and gas equipment enterprise under Sinopec. Driven by the rebound in oil prices and national energy security factors, the company's profit trend is good and its performance is flexible. It is estimated that from 2018 to 2020, the company's operating income will be 5.2 billion yuan, 6.1 billion yuan, and 6.9 billion yuan; net profit will be 114 million yuan, 190 million yuan, and 247 million yuan, an increase of 1107%, 68%, and 30%.