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Oil companies rely on real estate < br />

small packing grain products, profit margins decline, which is China oil producers have faced troubles, Wilmar International, the food, grain and oil giants such as Lu spent by the real estate industry to
small packing grain products, profit margins decline, which is China oil producers have faced troubles, Wilmar International, the food, grain and oil giants such as Lu spent by the real estate industry to the industry.
margins generally decline
Wilmar International has released the second quarter, subject to price controls affect China, the second quarter of this year, sold 837,000 tons Wilmar small package grain and oil products, nike free tilbud, revenues of approximately $ 1.3 billion, but only 100 million pre- tax profit, down 96.8%, pre-tax profit margin of only 0.08%.
Wilmar soybean oil in China, the main raw material production, the Chicago Mercantile Exchange the price of soybean futures data, as of August this year, soybean futures prices remain at 1300 cents per bushel more than In mid-October, compared with last year, or about 10%.
Wilmar said in the earnings report, diesel outlet, although raw material prices, the company only mid-October 2010, China raised in a small package price of grain and oil products, since the company follow the market in Vietnam and Indonesia a small increase in the price of grain and oil products packaging, but because China has implemented price control measures, the company did not re-price adjustments, resulting in the sharp decline in profit margins.
analyst on the reduction or even loss.
second- quarter profit dropped by the impact of the first half of this year, packaged grain products Wilmar small income of about $ 3 billion, but pre-tax profit of only $ 37.8 million, down 51.5% year on year.
results were affected by the grain price controls more than Wilmar, a listed company.
gold Cereals Industry (600127.SH) reported a first half of this year, the company foodstuff processing industry operating margin was 6.36%, down 2.33%.
the foodstuff industry, on the one hand the state of food inflation, prop acquisition and raw material prices and production costs caused by a sharp rise in the price but the other products sold by the state grain reserve price control means pressure, which makes the foodstuff industry, moncler sale, operating margin decreased.
In fact, the first half of this year, gold Cereals Industry operating profit loss of 23.45 million yuan, compared to a positive 3.148 million yuan, as received, including
Dong Ling grain (000893.SZ) announced earlier: the first half by the state to control inflation and price control policies and to take other factors, the first half of 2011 approximately 75 million loss million.
real estate, Coincidentally, one of the options become.
Sanhe Group Huifu current annual grain soybean processing capacity of 300 tons of production capacity among the domestic front. Industry insiders, the end of 2010, soybean oil processing thin profits, even no profit, but the three rivers Huifu grain group also engaged in real estate projects, profits can not be compared with the soybean processing. Three Rivers Health Group in Beijing Fu grain Yanjiao regional development around the area of ??Provence, Fort Nathan residential projects, the company official told the media that grain companies do profit, the profit is limited by the grain and oil processing, real estate income received You can feed grain and oil processing business.
another oil production of large enterprises are also Lu Hua Group has already entered the real estate field in 2002, Shandong Lu spent Group and the British established a joint venture in Yantai, Hewlett Luhua Wilmar Real Estate Development Co., Ltd., currently the company operating two projects, one is located in the Muping District,
concerned told the reporter that the fear of price increases and contrary to national price regulation, Lu Hua Group has not raised the price of peanut oil, without the support of the real estate business, the company can not afford the cost of raw peanuts rose sharply, but peanut oil price constant pressure. < br />
2010 年 Wilmar began to set foot in China real estate business, its subsidiaries and Kerry (00683.HK) and La (00069.HK) has two joint bids, ray ban sunglasses, Liaoning Yingkou bought land, The total investment will reach 100 billion yuan.
and edible oil production capacity ranked second in the country in addition to the listing of COFCO COFCO Property (000031.SZ), there COFCO Property Investment Company Ltd. and COFCO in Hainan commercial real estate development business.