129725023481800594_9460 billion rural power grid cake 12 enjoy a feast
Rural power grid construction "Twelve-Five" plans to invest more than 460 billion yuan of State grid Corporation of rural power Ministry recently said that this year, the State grid Corporation will further accelerate the alteration of power NET in rural power system upgrade, complete low-voltage control, implementing strong rural electricity safety Foundation three-year programme of action, and improving service levels. National grid will further enhance network reliability and ruralIntegrated power supply voltage passing rates, strengthen comprehensive management initiative, will eliminate low voltage phenomenon in rural area during the year. "Twelve-Five" period, the company plans to invest more than 460 billion yuan, focus on weakness in rural power network, basic into a safe, reliable, energy-saving environmental protection, advanced technologies, new type of rural network management standards. Last year, national grid both from the hardware, software,Full service construction of new countryside and farmers. In terms of hardware, speeding up new round of rural power network upgrading project of the company, invested $ 48.84 billion settlement of low voltage, power supply "strangle hold", the County power network and the primary network connection problems such as weak, 14.467 million customers bid farewell to the low voltage; power supply conditions improved farmland well in major grain-producing areas, benefited more than 3.9 million acres of farmland. InSoftware, the company "tapping", enhanced business expansion management, guide County power supply enterprises promote diversification paying, service specifications, suit measures to local conditions to create characteristic service of the rural electricity system and to promote the business as usual. (Securities times) clou electronics (002121): greatly benefits from the smart grid construction of the first stage performance of the company in line with expectations, income growth slows nearly two years:Revenues for the year 2009 the company 43,473. $ 770,000, over the year grew by 10.19%; net earnings of $ 78.5917 million, 41.41% than the same period last year. From the perspective of income growth after the company has experienced rapid growth in previous years, revenue growth slows 2008-2009, mainly because due to the company's traditional business resumptionInto slower growth or even negative growth. Electronic energy meter for nearly two years of high growth, which is also a core power drives revenue growth. Smart meters, significantly benefit from the smart grid construction of the first stage, continued high growth period. Smart meters beginning in 2007 the company entered a period of rapid growth, 2008-2009 growth for two consecutive years of more than 80%, Has become the company's largest business. Smart meter unified bidding has already begun, the company raise market share in the bidding for the first time to 9%, smart meters as intelligent entrance for the reconstruction of power network in China, will maintain a high growth. National grid plans to invest $ 80 billion within the next three years for staff in 27 provinces electricity network company information collection system, whichIn meters of about $ 40 billion, where carrier sheet is about $ 27 billion. Power consumption management system leader, significantly benefit from the smart grid construction of the first stage, high growth period again. Clou electronics in the areas of electricity management system market share ranks second in the industry, second only to Changsha weisheng group, the business growth has stalled in recent years. As the smart grid construction planning of the cart, electricNetwork information management was faced with a renewal, will enter the investment once was at its peak, the company will once again enter the high-growth industry leaders of the business channel. High-voltage frequency conversion growth cannot be ignored: in 2009 the company frequency conversion products obtain 50.04 million contracts (2008 has made only $ 7.57 million contracts), an increase of 561.45%, account for 2009Ratio of about 8% years contract, contract more than the electric operation power supply business, is expected to be the company's fourth-largest business. Under the influence of scale and expand market profitability is still not reflected in the business, as you quickly enhance profitability is expected to increase to an industry average. Countries by 2020 unit GDP energy consumption than down 2005-50% target, domestic application of high voltage inverter for high voltage motor energy-saving of up to 30%, China frequency converter market is currently in a period of rapid growth. 2009 annual market growth is expected to remain above 40%, the company as a low base for new entrants over the next few years the growth rate may be much higher than the industry average. Order objectives reflect the companyFor performance information into fast-growing heart/09 Corporate contract $ 639 million, an increase of 22.33%, ensuring the 2010 performance of the company's continued growth. 2010 contracts for the sale of the company's goal is to add the amount of $ 1 billion, an increase of 56%, growth to a new level, reflecting the company's future results againConfidence in the fast-growing channel. Investment advice: we expected 2010-2011 earnings per share of $ 0.44, 0.83, respectively, the corresponding current price-earnings ratio 48 times and 25 times times, respectively, is currently relatively high valuations of the company, but due to the peak of the 2010-2015 is a smart power grid construction (investment expected around 2 trillion), And the company as a leading smart meters and power management system will significantly benefit from the smart grid construction of the first stage, performance of the company is expected to again for 5 years of high growth, so given to the company "overweight" rating of investment. (Shanxi securities) XJ electric (000400): good performance also look at the overall market performance in the future: XJ electric first halfOperating revenue of $ 1.187 billion, representing an increase of 11.77% from last year, net profits of $ 68.85 million, representing an increase of 20.48% from last year to achieve earnings per share of $ 0.18. Company financial costs $ 35.47 million in the first half, there had been some improvement compared to last year, but it's still too high. Sales charge rate of 12.11% in the first half, overhead rate of 12.88%, slightly higher. Web master: China electric power Research Institute owned by national grid to increase capital xuji group has been completed, owns 60% shares of XJ group and the remaining 40% held by ping an trust. Master is expected to bring the State network management change, prompting XJ electric development on the path of compliance, health. Gross profit margin: the company's consolidated gross margin over the same period last year basically stable, Plate, power grid and power systems fell 4.5% DC transmission increased by 6.1%, electrified by 5.8%. We expect the company business more smoothly this year, will remain relatively stable gross annual consolidated gross profit compared with last year certain to upgrade. Business: company national grid in the first half of the second set, Smart meters are in uniform tendering performance good, individual smart meters twice before winning nearly 870,000 new Trojan, the market share of 3.79%, one of the industry's top ten, three-phase meters there is a certain harvest; secondary equipment, three times in national grid 2010 years ago bidding to protect such devices continue to maintain a high market share, 220KV, 500KV and 750KV is in the forefront of the industry, monitoring performance of such devices is not bad, 220KV won 17. Electric Railway, the company successfully winning the new Beijing-Shijiazhuang passenger dedicated line in Beijing to Shijiazhuang segment, Shi Wu (Hebei section) four electrical integration projects, urban rail transport, the successful bid of Wuhan rail transit Line 2 phase I project. Green energy sector, the company participated in the national gridSupply of zhangbei, Division solar energy storage and transportation projects, mainly wind power, photovoltaic and box-type substation products such as dry-type transformers. DC power transmission business, companies involved in Yunnan-Guangdong -800KV, xiangjiaba dam-Shanghai UHV DC -800KV project had achieved good results, completes the Northwest (ningdong) ~ North China (Shandong)-660,000-voltDemonstration project of HVDC control and protection device of packing, shipping and test connection tasks. In General, the XJ electric secondary devices, HVDC transmission in areas such as protection, electrified railway has a very strong competitive strength. Performance forecasts and investment advice: not considered assets by the group listed as a whole, we expect the company 2010, 11 and 12 respectively revenues of 34. $ 7.8 billion, $ 3.987 billion and $, net income was $ 178 million, respectively, $ 218 million and $ 249 million to achieve earnings per share were $ 0.47 and $ 0.58 and $ 0.66 respectively, corresponding to the current price-earnings ratio is 61 times, 50 times and 44 times times, future stock price trends depended to a large extent, XJProgress of the group listed as a whole, maintained "recommended" investment rating. (Great wall securities Xu Chao) the Tung Wah Group of software (002065): realize the magnificent transformation 2010-09-07 company is one of the most outstanding enterprise systems integration industry in China, the company covers a wide range of business applications and technology platforms, users all over the telecommunications, power, Government,Financial and coal industry. At present, the company has become the dozens of international and domestic well-known IT enterprise value-add distributors, system integrators or strategic partner, to provide users with comprehensive solutions and quality service and has laid a solid foundation. Since the company listing, synchronous growth of revenues and profits have remained high, far exceeding the industry average growth rates, we believe that the following aspects areSupporting companies to maintain high growth factors: (1) the downstream industry rapid demand growth in IT investment (2) the company gradually transition to a software product and service providers, profitability increased (3) excellent cost control is one of the company's core competitiveness. In recent years, the company continued-extension expansion through mergers and acquisitions, has acquired the joint electronic teller services, supportScience and technology and China companies such as Newbridge and share one brand of Oriental domestic middleware technology. We believe that these acquisitions and equity participation in the company's profitability and long-term growth are relatively good, good complementary roles as the company's existing business, gradually on the company's performance in the next 3 years played a positive role in promoting sustained growth. We believe that companies currently obtainOrders of 10 performance continues to maintain rapid growth for the whole of greater certainty. Donghua software from 2010 to 2012, we expect earnings per share of $ 0.82, respectively, $ 1.06 and $ 1.47. Current software and systems integration industry dynamic average price-earnings ratio of listed companies is about 35 times times, taking into account the company's profitability and management toForces are stronger than the industry average, as well as the downstream industry is widely dispersed and IT demand, should be entitled to certain valuation premium, our dynamic company 2010 times earnings, fair value should be within 6 months at $ 33.2, we offer a "buy" investment rating. (Ma Renmin huatai securities) kaifa (000021): under the performance exceeded expectationsHalf-year growth may be amended by the performance of the company largely does not take effect in Hong Kong-listed subsidiaries Angner optical communication, company preliminary calculation of the investment income of about 145 million Yuan. Angner previously listed with us comment on the reported calculation more consistent, we expect mainly from development has 100% provision for bad debts Angner leasing development workshop and Office29.89 million debt of public building and investment in 2000 Angner initial cost 113 million back (into investment income deducted tax payments), as well as Angner exercised an excess distribution stakes in listed companies obtain investment income of $ 28.78 million. Shadow �� back deduction of investment income, the company's main business results in a performance of the original prediction of 50--100% band, which corresponds toEPS of $ 0.12-0.16 of interval. Company 2-quarter orders full, starts full, we expect the final results should be close to the upper end of forecast, that is around $ 0.15--0.16. New customers, new order, new business push growth in the second half. Looking forward to the second half, we believe that the growth of the company is worth looking forward to. 1) smart metering business. Companies in Italy, WestHerlobe, and France, and South America is progressing, breakthrough is expected to get new products and orders, and delivery and revenue recognition are mainly in the second half, 2) foundry business production. Seagate head transfers are highlights of traditional hard drives business, began volume in the first half, second half is expected to continue to enhance and OEM business of large customers such as Kingston, Samsung and ZTE in production andNew product manufacturing has been steadily rising, expects second-stage production of the factory in Suzhou in the 3 quarter of this year will significantly enhance the company's production capacity, it will usher in a new large customers; 3) to a substantial shareholder of new business development. Major shareholders of the company CEC group strength, companies listed as the Group's leader in electronics manufacturing company, is expected to benefit from a series of capital and industrial operation of the group. Maintain"Buy" rating. We maintain kaifa main business ten-elevenths year EPS of $ 0.33 per cent of the expected caution, the corresponding ten-elevenths PE/34 times, confirmed Angner is being considered investment income of the 10-year EPS of $ 0.44, current price $ 11.22. Given the growth of new business development for the company, and the current phaseLower valuations, maintaining "buy" rating. Risk factors. Smart meter speed of business development, customer production progress and new business development progress than expected. (CITIC) high electric (600,312): UHV mixer controls are strong the company is the leading enterprises in area of high pressure, is the development and manufacture of high pressure and ultra high-voltage switch equipment of threeBase, almost all in the breakdown of high voltage switch products ranked in the top three. Effective control for the national grid company, strong. 35 companies will further establish the national high-voltage switches the strategic position of major technology and equipment research and manufacturing base, build the first brand of domestic high voltage switch industry, 5-10 time of year, the company has built the most powerful, bestMax, the internationally renowned, with strong competitiveness and sustainable development ability of Internationalized large high voltage electric group. On the secondary market
swtor pvp valor power leveling, the unit short strong rallies, Outlook is still a certain space, temporarily raised. (Hong Kong and Macau Affairs information) Hao ninda (002356): riding Dongfeng company specializing in smart grid smart meter industry facing huge development space in the future. 08 national grid plan in 09-11 set for user equipment, software, the amount of investment reached $ 68 billion, with the development of smart grid, the Terminal demand metering equipment also increased significantly. According to the current progress of the total investment is expected to reach $ 100 billion, demand is almost 50%. Smart meters within the next 2-3 is aHappiness is quite high. 2010 national network plan purchasing electricity meters, 35 million in 09 rose 119%. Expected in 2010 smart meters industry market size is expected to reach $ 20 billion, an increase of over 80%. 09 as used State power grid "minimum price" bidding, bidding prices sharply downDrop. But hidden quality, risk of future maintenance costs have increased dramatically. 2010 national grid is expected to be three-phase table tender and southern power grid are the same, the words "average price" bidding. Companies in the field of smart meter strength, 07 integrated Nineth, three-phase table in sixth place. 09: Network smart metersIn a tender, the company's market share reached the three-phase table 11.6%, ranked fourth. Due to the company in the field of high-value three-phase meter obvious advantages, and taking into account the "average price" favourable effects of the bid, the company's profitability will be further enhanced. If performance of the company is the industry trend of rapid growth caused by getting better, then wireless ad hoc network technology is publicSecretary and other meters the largest corporate differences, is also the company new profit growth point in the future. Wireless ad hoc networks with power line carrier incomparable advantages, have a wide range of applications in North America, Europe, and Australia downlink communication mode of the smart grid only. State power grid, South network is also actively trying to wireless ad hoc network technology, Jiangsu power grid will be among the first pilotArea. Five years ago, the company has started to develop products for wireless ad hoc network, with three years of first-mover advantage, now has a complete set of mature solutions complete wireless ad hoc networks. Once the technology for wireless ad hoc network is to promote, the company will be the biggest beneficiaries. At the same time, not only wireless ad hoc networks in electric power industry, Internet, and other fields have a broad space for development. Pre-09-11 year, companies realize EPS 0.7 and 1.3, 1.8, respectively. Current price $ 41.15, corresponding to dynamic 59.7 per cent, respectively, 31.6 times forward earnings. Taking into account the broad space for development in the future wireless ad hoc network, the company's fair value at $ 55. First "overweight" rating. (US joint syndromeCoupon Institute) product into an electronic (002339): 26 precipitation precipitation erupted 26 years in the smart grid: the company is one of the earliest electric power automation product development, production, sales and service of electrical secondary equipment manufacturers, the main products include power system dispatching automation systems, automation systems, and power distribution automation system in substation information acquisition and Management DepartmentCommission products, is currently the technical reserves and complete product variety is the most professional automation product developers. Technical heritage dating back to 1984. Construction provides companies with a history of the development of smart grid opportunities: by 2020 intelligent power grid construction and is expected to invest $ 5 trillion, intelligent scheduling, smart, intelligent substation distribution networks, intelligent electricity market for the companyDevelopment provides a broad space for development. 1) Regulation provides new integrated dispatching automation business for the company's competitive advantage. 2) company was among the companies engaged in research on key technology of intelligent substation IEC-61850, company substation automation products in Shandong province and Jiangxi province has very good performance, 2010 into the power grid in Guangdong Province, State grid Corporation 110kV device central bidding is good for the company. 3) exclusive of Shenzhen and Guangzhou urban distribution automation system in two large research and development, 2010 in Kunming, Guizhou, Hainan also started intelligent distribution network pilot; first intelligent distribution network company in the country network pilot smart distribution network take on Xia in part of the mandate, State grid 50-60 the second instalment of city intelligent distribution network pilotStart. 4) of the intelligent electricity market 12.016 trillion yuan, information acquisition and management system for companies in power than advantage, and participated in the second group bidding for smart meters, the business will also grow rapidly. Raise funds will greatly enhance the productivity and profitability of the company: 0.513 fundraising item 11 thickening corporate performance, the company also launched the intelligent electricalNetwork automation system industrialization project, the project raise funds for excess found the ideal investment channels, will support the company's future revenue of $ 2 billion scale. Earnings forecasts and company valuations: us forecasting company EPS respectively in 2010-2012, 1.395, 2.125, taking into account the high growth of the company, by 2011Times earnings, target price of $ 49, and "buy-B" investment grade. (EMC Corporation Research Centre) China XD (601,179): bucking the higher volume is expected to continue rebound company is China's largest high-voltage, EHV and UHV transmission and distribution equipment research and development, manufacturing and testing of an important base, is also a high pressure and ultra highPressure and complete set of UHV AC and DC power transmission and distribution equipment manufacturing enterprises, the highest voltage levels, most of the most complete set of engineering ability enterprise
tera gold, is the only one by one with the ability of power transmission and distribution equipment manufacturing enterprise. Since 2005, the company has been in China electric top of the first. June 12, 2010, company announcements, to be with ChinaGuodian Nanjing automation company limited capital group enterprise cooperation, joint electricity from the South since intelligent power device company in Jiangsu Province, the company financed $ 33 million in cash, share 55%, to produce smart grid transmission and distribution equipment of the building needs intelligent control components, creating new development mode of transmission and distribution primary equipment integration. On the secondary market,The unit has the smart grid concept, early break after listing, recently started going flat, bucking the merchant gains on Wednesday, recommends bargain moderate concern. (Southwest securities Luo Li) East electric (600,875): nuclear advantage performance explosive growth company expects 2009 degree attributable to the owners of the parent company's net profits would increase by more than 650% over the same period. Nuclear powerAdvantages: the company had become the only successful manufacturing 1000MW of nuclear power equipment enterprise, became the domestic million-kW nuclear island and conventional island of nuclear power equipment, such as the main supplier, rank current domestic manufacturing enterprises in the leading position of nuclear power. Company on a 2.5-generation nuclear power product's market share is much higher than competitors, the market share reached 70%, and is predicted to 2020 years nuclear power market was dominated by 2.5-generation, three generations of the company will actively participate in technology transfer and research and development of nuclear power to maintain the advantages of nuclear power industry. Buyout strengthen nuclear competitive edge: electric company $ 155.7874 million in cash to acquire the East (600,875) (Guangzhou) heavy machinery limited company 27.3% equity motion by the company General meeting of shareholdersPass. According to reports, the main business for nuclear power generating equipment production of heavy machinery in the East, the construction of the Dongfang electric (600,875) group to the sea base in phase I and phase II is complete and delivery, three-phase project completion, will have annual production capacity of four sets of mega-nuclear pressure equipment capacity, can solve the company's conventional Island nuclear power units and auxiliary further moisture separator reheater reheater, OrientalElectric (600,875) overweight and oversize, oversize products within the Group of production bottlenecks, give full play to resource advantages of heavy machinery to the sea of the East base, expanding Dongfang electric (600,875) advantages of nuclear power. States Securities believes that Dongfang electric (600,875) obvious advantages of nuclear power, the performance began to explosive growth. Per share is expected to 2009-2011 collectionYi-1.5, 2, respectively, calculated according to the 2010 21.6 times times forward earnings. Account of companies in the included power, water and electricity, nuclear power, wind power and other kinds of power generation equipment has an obvious advantage in manufacturing, and high growth of the nuclear business is coming, given to the company "strongly recommend-A" investment rating, that company is sharing domestic nuclearGood standards of electro-explosive growth opportunities. CRE stock were of the view that take national "energy saving and environmental protection" policies expand the business, the company industrial layout, stepping into the first group, relying on professional teams, cost reduction, profit increase, steady growth in performance. Taihao technology (600,590): benefit from short opportunity in the smart grid may 2009 year taihao technologyGenerators and power products have successfully entered the high-voltage generator for high speed railway market, many large projects such as centralized purchasing nominated for China Telecom, China Mobile. In 2009, generators and power supply industry revenues of $ 380 million Yuan, down 16.1%, mainly due to the power grid in selected countries delayed confirmation of orders, income carried forward to the 2010 year. 2009,In 2010, the smart grid construction has started to invest in the country, starting in 2011 will go into high speed construction period. Generators and power business of the company exports is relatively high, in a foreign country under an economic downturn in demand, benefiting from national smart grid, telecommunications networks, the network and infrastructure increase investment market opportunities, growth in the business of the company is expected toRatio increased significantly. Motor power products business in the company, to speed up construction of power network construction in the near future lead to explosive growth, long term
diablo 3 gold, two-power standard step by step, competitive products of the company will improve year by year. Is expected in 2010, generator and power business income would increase by 40% per cent. Leading position consolidated taihao technology term layout architecture of intelligent buildingEnergy industry, is the intelligent construction electrical field minority also has "top three" qualified one, is the only intelligent electrical building products businesses. Company market share in recent three years remained in the top three. In 2009, the company's intelligent building industry revenues of $ 1.44 billion yuan, an increase of 9.2%, has been built to buildingIntelligent, BIPV, contract energy management business model for the development of the main pattern. While streamlining the business model of contract energy management, advanced high-frequency electrodeless lamp technology and smooth financing channels to become their core competitive advantage. If the future introduction of energy performance contracting State fiscal and tax subsidies, will benefit the company significantly. Enters photovoltaic market prospects on May 6, ThailandHouse Science and technology said the company was preparing to enter the building integrated photovoltaic (BIPV) systems integration markets. From the perspective of national policy on support for the photovoltaic market, 2011 BIPV projects market size is expected to reach 24 billion yuan, and keep 30% annual compound growth in the next 3 years. Is BIPV system integration link industry chain in the high value-added, bargaining powerOne of the strongest links, as well as good investment targets for growth and profitability of both. Enters photovoltaic market, taihao technology has obvious advantages: first, the BIPV system is a subsystem of intelligent building, combining traditional intelligent building system you want to provide total solutions, taihao technology as a traditional provider of intelligent buildings in the design, superior service capacity; andThe taihao technology as a system integrator of high-end brands, high-end customers smooth channels; the third was non-5% civil intelligent building market share, ranking second, and is gradually improving, future BIPV market share is expected to be able to meet more than 10%. Investment highlights in General, the taihao technology 2010 highlights major: 1, product benefitIn speeding up the construction of the national smart grid, offsetting profit lower due to poor export; 2, in the national context promoting energy conservation and emission reduction, leading company as contract energy management, benefit from policy support; 3, the company enters photovoltaic field, by virtue of its own advantages, is expected to quickly grab market share, gain a foothold. Valuation strategies integrated brokerage estimated forecasts, company 2010 26 times annual earnings, and if relevant supporting policies introduced during the year, will provide earnings upside over the next three annual compound growth rate 50%, reasonable valuations of companies 35 times, reasonable price of $ 20-22. Operations, currently the stock is still in an upward channel, in addition to the gap that has been completely backfilled on May 20, and in line with good first upMarked as $ 17.5. On the risk control, short-term proposal concerns support near $ 14.8, stabilisation can be cautious near the callback in this intervention. Ping high electrical (600,312): integrating period of poor performance fluctuations not preclude long-term value of the first half of 2010, but maintained the company "recommended" rating unchanged report displayed in the company, revenues in the first half of 683 millionYuan, fell 32.5%; net earnings of $ 1.25 million, down 98.5%. We believe that the company in 2011 and 2012 EPS to 0.24 per cent and $ 0.36. Corresponds to the current share price of PE per cent and 41 per cent respectively. Although company valuations have significantly more than other companies in the industry, but the company in the field of ultra high voltageAdvantages and future net can speed up consolidation efforts, we continue to offer companies "recommended" recommended. Company core business still has a lot of room to improve the company's main operating performance in the first half: GIS revenues declined 34.8%, gross margin of 21%, over the same period last year fell by 1.6 points, remains the company's money-making business and open the SF6 circuit breakers andIsolating switch revenues fell and 54.4% respectively, circuit breaker gross margins slightly increased by 2.3 points, disconnecting switch and a decrease of 5.3 points. In General, the industry's performance in the first half of the company should be below market expectations, brought advantages not reflected after the arrival of State grid Corporation, so we think there is considerable room for improvement in companies in the industry. FlatHigh Toshiba affected revenues and profits have slumped pinggao Toshiba joint venture company achieved revenues of 433 million, fell 48.9%; net profit of 30 million, down 79.1%, providing investment income was only $ 15 million. Mainly due to the sale prices fell 20% per cent in the first half, decline in gross profit exceeded expectations, as well as someProduct delivery delays drag on the company's performance. UHV tender restart and management efficiency enhancement are conducive to the future performance of UHV in the first half of the bidding slows significant impact on company performance, restart with the construction of UHV transmission line in the second half, advantage will be gradually reflection of the company in the field of ultra high voltage. And along with the State power grid company to promote the integration of high, market share and feesCuts in benefits will also be gradually reflected. (Guosen Securities AG), tebian electric (600,089): issuance of completion strategy fine tune recommendations reported results in line with expectations: the company reported revenue of $ 8.76 billion, vested in the shareholders ' profits of listed companies $ 960 million, up and 24.1%, respectively. Interim earnings per share of $ 0.53, consistent withPeriod. Integrated margin 22.62%, up by 0.95%; transformers gross profit margin was little changed, maintained at a high 28.3%; photovoltaic business gross margin increase 2% per cent. Open the boot of additional floor: company on August 16 additional success, sell 230 million shares * $ 16.08/shares raised around 3$ 700 million, including super high pressure export base, modification of DC converter transformers, high voltage bushing, 6, special cables, and other projects.
Half a year maximum bad boots of the troubled company's shares fell to the ground. Slight adjustment �C strategic focus by the bias of new energy conventional energy: now three main transmission and distribution, materials, energy, respectively. Transmission and distribution of these mainly includeDiffusers, electric wire electric cable; material is mainly 30.34% of Xinjiang joinworld; energy including renewable energy (1500 tons of polycrystalline silicon wafer, 180MW, 44MW Silicon ingot components), coal (85.78% tianchi energy company-holding, with 247 square kilometres of exploration rights, has potential coal reserves are currently unknown). The company's new energy businessWith plenty of resources, but profitability has been negative, 1500 tons of polysilicon projects is not sufficient to have advantages on a large scale, and so far no company expansion plan. Coal, though do not know the exact reserves, but bottlenecks in transport, construction of the railway company's proposed capital investment of 220 million Yuan, showing confidence in its own coal reserves owned by. Strategic focus by the new energyBiased towards traditional energy sources. Profit forecasts and valuations: diluted equity taking into account an additional 230 million, EPS adjusted respectively in 2010-2011, 1, net profit growth, 18.3%, respectively, maintained investment rating of "recommended". The next 1-2 years, the company is in the speed value for the growth of blue-chip and save mine prospecting rightAnd is located in Xinjiang, long-term steady growth for the company planted foreshadowing. Risk: dramatic fluctuations in raw material prices, foreign orders fell short of expectations, systemic risk. (Great wall securities Zhou Tao)
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