Category: Money tips Release Date: 2006-02-10
Po New Energy (000.69 thousand quotes, information, reviews, search) operations over the past decade, the road of transformation can be summarized as two, one is the main industry restructuring, the second is the improvement of corporate governance structure. The company put into operation two generating units in 2005, the installed capacity has only 27 million kilowatts, the power plate in the third group. The company built two projects 2 × 30 million KW, the dynamic investment 2.916 billion yuan, the company's cash flow to a certain extent the pressure, while the net issuance of 887 million yuan fund-raising success, a strong pressure to ease the company's capital, planning The three 2 × 30 million KW, investment demand with two similar, but the second phase project put into production in 2008, a stable cash flow for the three projects and to provide strong support for the latter part of the planning.
Chose a reasonable opportunity to intervene in new energy industries, and thus make full use of the State encourage the development of comprehensive utilization of resources and renewable energy, industrial policy, and therefore the Internet scheduling, pricing, and income tax aspects, such as the development policy support to enjoy. The company no new generating units put into operation in 2007, the company the real estate business in the next two years into the harvest period, the company still 500,000 square meters of land reserves, and 5 million square meters of commercial housing and shops will be sold before 2009, all proceeds from the sale used to support the follow-up to the building of new energy units, the company will gradually withdraw from the real estate industry.
Days congenial Gu Wei-Wei Zhang and other analysts that the company's 2006 annual utilization hours of up to 7370 hours, whereby the initial forecast, the company maintained at 07,08 hours 6900,6600 took advantage of high crude estimates this year's earnings per share 07,08 the 0.91,1.23 yuan, corresponding to dynamic price-earnings ratio of 22 times, 18 times, to maintain "overweight" rating.