在石化行业景气周期处于上升阶段的同时,ST吉化得到了振兴东北的税收优惠政策,并且取得了异常夺目的第三季度季报。然而在持续高油价的冲击下,石化景气周期蕴藏着反转的可能,这将导致石化产品价格下跌和毛利率下降;ST吉化明年的递延税收将少于今年的额度。因此,2005年ST吉化难以维持现在的高利润水平。 While the business cycle of the petrochemical industry is on the rise, ST Jihua has obtained preferential tax policies to rejuvenate northeast China, and has achieved an unusually spectacular third quarterly quarterly report. However, under the impact of persistent high oil prices, the cycle of the petrochemical business is likely to reverse, which will lead to lower petrochemical prices and lower gross profit margins; ST Jihua’s deferred tax will be less than this year’s quota next year. Therefore, the stabilisation of ST in 2005 is difficult to maintain the current high profit level.