Category: Money tips Release Date: 2006-01-19
Source: and News
Morning heavy volume up
Transaction reason: With the company offering the completion of the project put into production, the company leading product marketing scale, product competitiveness and further enhance the company business development to maintain the good momentum of steady development. Furthermore, from January to June was the company's 2006 earnings per share of 0.133 yuan, 1.84 yuan per share, net assets and net assets yield 7.23%; realized main business income of 330.6871 million yuan, up 45.6%; to achieve net profit of 32.05 million yuan , an increase of 30.34%.
Investment Highlights:
1, from January 1, 2004 until January 1, 2006, corporate income tax by half, by 7.5% tax rate.
2, offering series of projects YAG pulsed CO2 laser cutting machines and welding machine project is progressing well, in particular, pulsed YAG laser welding machine project in 2005 the growth performance of the company has made an outstanding contribution.
3, the company has been identified as high-tech enterprise, Shenzhen, Shenzhen and Shenzhen key software enterprise to promote national scientific and technological achievements of the key promotion demonstration base model enterprise. With an annual output of 2010 sets of laser processing equipment, production capacity, is the largest laser tag equipment manufacturer information.
4, Hongta Innovation Investment Co., Ltd., Shenzhen High-Tech Investment Guarantee Co., the holding company's 6.4 million state-owned legal person shares, Shenzhen Venture Capital Co., Ltd. Dongsheng holds 4 million legal person shares the community. The company's main investments are high-tech industries.
5, the company chief engineer Wang Jiang is China's first group of research scientists involved in laser technology, as the task force leaders developed China's first ruby laser; weeks, general manager of rehabilitation is being presided over the successful development of high efficiency, high-power third-harmonic wave laser-produced technology is the world's leading technology.
6, fund-raising project will deepen the enterprise strength. As the fund-raising projects the company put into operation one after another, operating income and operating profit will significantly increase the rate of net return on assets and profitability will be greatly enhanced. The release of funds offering investment projects, most of the construction period is less than 1 year, strong profitability, all of the project is put into production, the normal annual after-tax profit of 156.9538 million yuan.
Risk Tip: With the growing importance of China's market, some of the world-renowned laser companies to step up the layout in China, while the domestic infrastructure to make a relatively low level of the company's future to the development of high-end market will have a certain impact.
Investment advice: the company has an annual output of 2010 sets of laser processing equipment production capacity, is the largest laser tag equipment manufacturer information. At present, the lower level of laser processing applications, the domestic demand potential of laser applications is still relatively large, the company by virtue of laser equipment in the domestic industry in the leading position, with the company's expansion of product areas, the overall level of profitability should continue to remain stable; operation, the proposed intervention callback. The regional reference price 12.02 - 12.65 yuan, the first target located at 13.76 yuan. In this investment rating to "recommended."
