CHINA RARE EARTH = Noch 2 Tage!
zu 0,20 Euro 68.000 Stck. in das Mustedepot augenommen und empfohlen.
Laut 3-SAT-BÖRSE wird am 20.04.06, d.h. in 2 Tagen, die Jahreshauptversammlung
v. China Rare Earth stattfinden. Hierbei werden extrem gute Zahlen erwartet:
Hong Kong-listed China Rare Earth sees profit boost from GE alliance
HONG KONG (AFX) - China Rare Earth Holdings (Nachrichten) said it expects 'a strong boost in profit' from a strategic alliance it forged with General Electric Co (Nachrichten/Aktienkurs) of the US.
China Rare Earth chairman Jiang Quanlong said the group expects to reap substantial synergistic benefits from its partnership with GE.
Under China Rare Earth's agreement with GE, the US company will increase its order for various products from China Rare Earth, including medical and lighting equipment, cars and other items.
GE will provide technical support to China Rare Earth, the mainland's biggest processor of elements used in magnets and mobile phone batteries.
'Benefiting from the enormous demand from GE, which will use our products in a wide variety of its products, we expect to see a strong boost in profit,' Jiang said.
jun.concepcion@xfn.com
jc/net
Kusziel: 0,80 Euro
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China Rare Earth (00769) '11 NP $523M, up 293%; div 2 ct
02 Apr 2012
Infocast
(Infocast News) Results of China Rare Earth Holdings (00769) CHINA RAREEARTH(769)
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for the fiscal year ended 31 December 2011:
Net profit: HK$523.476M, up 292.53% YoY
EPS: HK 31.3 cents
Final dividend: HK 2 cents
es gibt sonnst so wenig von den in der presse:
Business Review - For the year ended December 31, 2011
Rare Earth Business
The turnover of the Group’s continuing operations of rare earth business increased by over 150% from HK$693,702,000 last year to HK$1,765,808,000 while gross profit margin also increased to more than 50%.
Rare earths are becoming increasingly important in the wide range of industrial applications, and their role in the global economy has become more widely appreciated around the world. These trends, together with Chinese Government’s protective policies, especially the “National Guideline to Support the Sustainable and Healthy Development of Rare Earth Industry from the State Council”, have driven the strong domestic and overseas demand for rare earths and led to an unprecedented surge in rare earth prices in the first half of 2011. Prices of some of the rare earth elements have seen growth in multiples of up to five to seven times during the first half of 2011. Although the prices of rare earth products have started to reduce from their peak last July to August due to the reduction of inventory by traders and deferred procurement by customers, prices still registered substantial hikes in annualised terms. Domestically, the average selling prices of most rare earth products were several times higher than in 2010. The prices of praseodymium oxide and neodymium oxide tripled while those of dysprosium oxide, ytterbium oxide and yttrium-europium co-precipitates were four-to-five times higher. Prices of samarium oxide, gadolinium oxide and cerium oxide soared more than six-fold. Facing stricter export quota limits, export prices have been significantly higher than domestic sales prices. The average export prices of ytterbium oxide, gadolinium oxide and holmium oxide have been nearly doubled those of domestic prices during the year under review, while those of samarium oxide, yttrium oxide and neodymium oxide were more than three times higher.
During the year under review, various responsible authorities in China conducted large scale environmental protection inspections on all the rare earth enterprises in the country. Enterprises which failed to meet the relevant standards would be forced to suspend operations. These requirements and their subsequent enforcement show the determination of the Government to protect the environment of the nation and all the rare earth enterprises attached importance to this move. The Group has constantly promoted environmental protection and has already complied with environmental protection standards. However, as a leading enterprise in China’s rare earth industry, it has devoted more resources in upgrading its production facilities and sacrificed part of the production time to continually conduct self-evaluation exercises on its environmentally-friendly production. Despite of the decrease in production volume during the year under review, the Group’s achievement in environmental protection has gained recognition from responsible Government authorities. Apart from the drop in production volume, the gradual decline in the average selling price of domestic rare earth materials in China in the second half of the year and the intervention of the China’s customs on the export price of rare earth products have also affected the export market. In response to the rising price trend, some of the overseas customers have decided to take a wait-and-see attitude and reduced their inventory. As a result, most of the rare earth enterprises in the country did not fully utilise their export quotas in 2011. Nevertheless, the Group has used all of its allocated export quota through its Hong Kong arm. During the year under review, the Group sold approximately 2,000 tonnes of rare earth oxides, down by more than 30% compared to last year.
As for downstream products, Wuxi Xinwei Fluorescent Materials Company Limited, one of the Group’s wholly-owned subsidiary, completely suspended production of fluorescent materials in the second half of 2011. Alternatively, Phase I of the production facility of OSRAM (China) Fluorescent Materials Co., Ltd., which was jointly invested by the Group and OSRAM GmbH, commenced trial production in July 2011, with some output placed on the market. As some of the equipment requires a longer time for the production team to complete testing for full operation, the factory has not commenced mass production and is expected to generate notable profit contribution for the Group after it ramps up for full production later in 2012. This facility, deploying some of the world’s most advanced equipment, will ensure that its operation and procedures are executed in an environmentally-friendly manner.
For rare earth metals, since rare earth oxides are a key raw material of rare earth metals yet the price rises of rare earth metals lagged behind that of rare earth oxides, hence the Group concentrated its effort to boost the sales of rare earth oxides which enjoys higher gross profit margins. This shift caused a drop in sales of rare earth metals of approximately 80% to less than 100 tonnes for the Group’s subsidiary – Heping County Dongye Rare Earth Company Limited. Nevertheless, as the average selling price of its products more than tripled when compared to last year, the turnover decreased by only about 30%.
Geographically, as the export prices were far higher than domestic prices, the proportion of turnover generated by the export market increased from 18% on average to around 37%, with Europe, Japan and the US occupying 20%, 9% and 7% respectively, and the PRC market accounting for the remaining 63%. As for upstream rare earth salts business, the Chinese Central Government has stepped up efforts to implement stronger restrictions on the mining of rare earth resources, leading to the dominance of state-owned large enterprises in the market. This policy has adversely affected the Group’s supply of raw materials at its rare earth salts production lines in Hunan. From January to July 2011, Jianghua Yao Nationality Autonomous County Xinghua Rare Earth Company Limited, a subsidiary of the Group, has produced less than 1,500 tonnes of rare earth salts products. In view of the Chinese Government’s tighter controls in the extraction of rare earth mines, the Group adjusted its development strategy to match the national policy by disposing of its entire interest in the subsidiary at a consideration of RMB257,000,000 in August 2011, an increase of RMB47,000,000 over the acquisition price of RMB210,000,000 in 2008. This move led such business to become discontinued operation. After factoring in the appreciation of Renminbi in the past few years, such discontinued operation presented a profit of HK$15,661,000 in the financial statements of the year, less than the profit of selling 5,200 tons of rare earth salts products last year. After disposal, the Group has managed to restructure its business by focusing more on the development of its middle and downstream businesses.
Refractory Materials Business
Total turnover of the Group’s refractory materials business rose slightly by around 6% from HK$423,053,000 in 2010 to HK$447,546,000 and the gross profit margin was about 21%.
During the year under review, the demand from the glass and steel industries has slowed down and therefore the demand for refractory materials has lagged behind that of other businesses. In 2011, the average selling price of the Group’s ordinary refractory materials increased slightly when compared with last year. For example, the price of alumina-graphite bricks rose by about 10% against last year while the price of magnesiaalumina spinel bricks and fused magnesium-chrome bricks grew by less than 20%. Total sales volume decreased by around 10% to about 40,000 tonnes over last year. The drop of sales volume has pushed up the average cost of the products and the gross profit margin of refractory materials for export to Japan has also declined. As a result, overall gross profit margin of the ordinary refractory materials has shrunk to about 17%.
As for high temperature ceramics, after several production lines were shut down in mid-2010, only the workshop for the Sialon product series remained in operation in the whole year of 2011. During the year under review, the Group sold a total of approximately 4,500 tonnes of products, a drop of approximately 60% when compared with last year. The average selling price remained at a level similar to last year’s, fluctuating within a 10% range and the gross profit margin was about 20%.
Regarding the magnesium grain business, the sales volume of the Group’s fused magnesium grain slightly increased by about 5% over last year to 16,000 tonnes, with the average selling price remaining at a similar level to that of 2010. The gross profit margin was about 16%. The Group’s high purity magnesium grain project commenced production in late 2010. It has sold approximately 43,000 tonnes in the year, with sales amount exceeding HK$60,000,000 and a gross profit margin of around 24%.
In June 2011, the Group set up another joint venture, Yixing AGC Ceramics Co., Ltd., with Asahi Glass Ceramics Co., Ltd. from Japan to construct a plant to produce shaped and sintered refractory materials for the cement industry. Introducing advanced Japanese technologies to China, the major part of the factory, including a high temperature tunnel kiln, is to be completed soon. A trial run is scheduled in April 2012. Its annual production target is 34,000 tonnes and the total investment cost is US$29,800,000.
By market segment, the total turnover of the refractory materials business was similar to that of the previous year, with 78% for the domestic market in China and 22% for export.
Source: China Rare Earth (00769) Annual Results Announcement
FINAL DIVIDEND
The Board has resolved to recommend the payment of a final dividend of HK2 cents per
share for the year (2010: nil). Subject to the approval of shareholders at the forthcoming
annual general meeting (“2012 AGM”) to be held on 8 June 2012, the final dividend will
be paid on or before 28 June 2012 to registered shareholders whose names appear on the
Company’s register of members as at the close of business on 14 June 2012.
http://www.finanznachrichten.de/.../china-rare-earth-holdings-ltd.htm
mc
Nachlesen, hört sich gut an.
http://www.wallstreet-online.de/diskussion/...uendung#neuster_beitrag
mc
Japan entdeckt riesiges Vorkommen
seltener Erden
Japan verfügt neuen Untersuchungen zufolge über riesige
Vorkommen seltener Erden unter dem Pazifik. Deren Menge
entspricht dem 220-fachen derzeitigen Jahresbedarf
Japans, erklären Forscher von der Uni Tokio. (Archivbild)
(Foto: AFP)
Japan hat unter dem Pazifik große Vorkommen
seltener Erden entdeckt. Schlammproben vom
Meeresboden nahe der östlichen japanischen Insel
Minamitorishima deuten darauf hin, dass sich dort
rund 6,8 Millionen Tonnen der begehrten Mineralien
befinden, sagte Professor Yasuhiro Kato von der
Universität Tokio der Nachrichtenagentur AFP. Diese
Menge entspräche dem 220-fachen derzeitigen
Jahresbedarf Japans.
Als seltene Erden werden 17 chemische Elemente
bezeichnet, die für die Industrie wertvolle Eigenschaften
besitzen. Sie werden etwa benötigt, um Computer,
Mobiltelefone, Batterien oder Flachbildschirme zu fertigen.
Sie kommen auch in Windanlagen, Raketen, Elektroautos
und vielen weiteren Gütern zum Einsatz. Bisher entfallen
mehr als 90 Prozent der weltweiten Förderung auf China,
das damit ein Quasi-Monopol besitzt.
Laut Kato befinden sich nahe des rund 2000 Kilometer
südöstlich von Tokio mitten im Pazifik gelegenen Eilands
insbesondere große Mengen Dysprosium, das für Motoren
in Hybridautos benötigt wird. Demnach befinden sich die
Vorkommen 5600 Meter unter dem Meeresspiegel. Kato
geht davon aus, dass innerhalb von fünf Jahren unter
Verwendung von Bohrtechnik aus der Erdölförderung mit
der Förderung der seltenen Erden begonnen werden kann.
Quelle: 2012 AFP
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Einstellungen
Noch im letzten Jahr gab es einen großen Aufschrei in der deutschen Industrie: Die hiesigen Unternehmen hatten unter den teilweise extrem gestiegenen Preisen und der strikten Ausfuhrpolitik des Quasi-Monopolisten China zu leiden. Vor allem Anbieter von Magneten für E-Mobilität und Windturbinen, LED-Lampen-Hersteller sowie Lieferanten von Batterien und Katalysatoren für Autos ächzten unter den Preisen für Yttrium, Neodym, Samarium und Co.
Doch inzwischen hat sich das Blatt – zumindest ein wenig - gewendet: Die Preise für Seltene Erden befinden sich derzeit noch in einer Korrekturphase. Sowohl die nachlassende Weltkonjunktur als auch die teils erfolgreiche Suche nach alternativen Lieferanten haben die Preise nach ihrem Höhenflug wieder auf den Boden der Tatsachen geholt. Inzwischen lohnt sich selbst in Deutschland die Ausbeutung der Vorkommen. 400 Explorationsprojekte laufen derzeit in 36 Ländern. Hiesige Unternehmen weichen zudem auf Ersatzmaterialien aus.
Zustand weiter kritisch
Entwarnung kann aber nicht gegeben werden: „Die rasante Preisentwicklung bei den Seltenen Erden hat die Profitabilität vieler Unternehmen belastet oder sie gar in ihrer Existenz bedroht“, sagt Thomas Rinn von Roland Berger Strategy Consultants. „Die Angebotssituation, vor allem bei den schweren Seltenen Erden, bleibt weiter kritisch.“
Dieser Zustand dürfte sich noch weiter verschärfen: Die Experten der Commerzbank rechnen damit, dass die Korrektur bei den Preisen bald ein Ende haben wird. Langfristig sind die Vorzeichen ohnehin klar: Eine Studie des australischen Centre for Research in Energy and Minerals Economics kommt zu dem Schluss, dass die weltweite Nachfrage bis 2020 schrittweise auf 200.000 bis 240.000 Tonnen steigen wird. Zum Vergleich: Im vergangenen Jahr lag der Verbrauch bei 137.000 Tonnen.
Erschwerend kommt hinzu, dass sich China als mit weitem Abstand größte Fördernation mit einem Marktanteil von rund 97 Prozent bald von einem Exporteur zu einem Importeur wandeln könnte. Die politische Führung in Peking ist bestrebt, immer mehr Produktionsschritte im eigenen Land zu halten. So soll der Magnet für die Windkraftturbine künftig im Reich der Mitte hergestellt werden und nicht im Ausland. Die geringeren Preise in China sind hier ein zusätzlicher Anreiz für ausländische Investoren.
Obacht bei Investments
Angesichts dieser Aussichten sind die Seltenen Erden auch seit einiger Zeit ein Trend-Thema für Anleger. Es gibt diverse Zertifikate und ETFs, die einen der Branchenindizes oder die Preisentwicklung abdecken. Hierzu gehört der Seltene-Erden-Fonds, den UBS vor nicht allzu langer Zeit auf den Markt gebracht hat: Der ETF vollzieht des Wertentwicklung des neu aufgelegten Index Stoxx Global Rare Earth nach.
Daneben sind Investments in börsennotierte Einzelunternehmen wie Molycorp Inc. (USA), Lynas (Australien) oder China Rare Earth möglich, wobei der Aktienkurs hier ebenso eine Leidensgeschichte erzählt wie die Preise für die Seltenen Erden.
Von einer Möglichkeit sollten Anleger jedoch möglichst die Finger lassen: Dem Kauf der Metalle. Hier gibt es von monatlichen Sparplänen über Einmalanlagen bis hin zu Einkaufsgemeinschaften unterschiedliche Modelle. Doch Experten warnen: Der Markt ist für Privatpersonen äußerst intransparent und die Preisspannen kaum nachvollziehbar. Außerdem sind die nicht an der Börse gehandelten Metalle, einmal gekauft, nur schwer zu veräußern.
von André Rain
Donnerstag 06.09.2012, 12:29 Uhr Download -
+ China Rare Earth Holding - WKN: 590363 - ISIN: KYG210891001
Börse: Hong Kong in Hong Kong $ / Kursstand: 1,64 $
http://www.godmode-trader.de/nachricht/...ist-raus,a2915390,b613.html
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