Jinma shares 000 98 thousand Annual Report of the growing potential of the pre-unit Money Tips

Category: Money tips Release Date: 2006-05-01

Source: Jiuding Allianz Authors: Xiao Yu Hang

000.98 thousand shares of Kinmen and Matsu: The total share capital of 15,000. Million shares, currently circulating A shares for 7830 shares, the company expects net profit of over 06 year's cumulative growth of more than 50% a year earlier. Jinma shares (000.98 thousand) plans of non-public offering is not more than 5000 million A shares to raise funds will be All for 50 million sets / year vehicle electric power steering system (EPS) project, from the company's current view of the net asset value per share, for the 2.76 yuan, if the issue goes well, its net worth will be improved significantly. EPS after completion of the project to grab the opportunities the domestic market such products. According to the company estimates, the company projects in EPS production will realize tax year sales income 6 billion in annual net profit of 55.1 million yuan.

EPS After the completion of the project the first year, the company will return on equity in 2005 of 2.5% to 5.47%, fully up to the second year of production, the company's net capital gains rate will further rise to 8.63%, profitability, greatly提高. Currently the annual EPS imports about 100 million units, the market has great potential. The company has with Nanjing Changan Automobile Co., Ltd., Zhejiang pride of automobile manufacturing Co., Ltd., Shanghai Maple Automobile Parts Purchasing Company, Ltd., Anhui Padoa Industrial Co., Ltd. and six other auto production and parts manufacturing operations EPS Development signed a Letter of Intent , from the form of stock technical point of view, the course down to absorb funds from time to time, showing periodic technical rebound requirements, taking into account the company's annual pre-increase, so the risk is relatively small, while the short term may appear in the fundamental changes under the influence of stronger intensity of performance, investors pay more attention to.

Historical Information: G Golden Horse (000.98 thousand): low-priced stocks that will shock the market outlook upward August 9, 2006

Source: Yin-Hua Institute for

Recommended reasons: 1, performance growth, two, low-cost strong.

The basic situation: total share capital of 15,000 shares, outstanding shares of 7830 shares in mid-2006 earnings per share of 0.05 yuan, 2.74 yuan per share net asset.
Investment Highlights 1, the company is mainly engaged in automotive instruments, paper products, security doors and auto parts and other products, production and sales. 2005 motorcycle instrumentation products market share of 10.7%, automotive instrumentation 4.2% market share.
2, the company reorganized, Zhejiang tractor Industrial Co., Ltd. to become the company's actual controller, the original shareholders, Kinmen and Matsu group occupied the company's funds to resolve the issues have been substantial since the company's actual controller of Zhejiang Industrial Co., Ltd. will actively tractor to the company injection of high-quality assets, so that company's main business structure, profit constitutes a more optimized, these two factors will enable the company's operating performance continued to improve.
3,2006 semi-annual disclosure, the company expects 2006 net profit year has Zhi in September compared to last year, there will be increased to some extent.
Technical Analysis of the operation of the unit to be reversed after the reorganization, but also successfully cast off the ST hat. As the performance of recovery, stock prices and therefore embarked on a 30 average shock upstream along the road. Last Monday the company announced earnings of 0.05 yuan mid-term returns, stock homeopathic pulled daily limit, the next day once again ascribed to pull the daily limit, indicating the trend is very strong. However, short-term pulled up too fast, stock prices there have been down trend, but fell in the whole process, the volume to be shrunk dramatically, indicating the main force did not come out alive. The current rise in stock prices once again fell back to the original channel, we believe that the upward trend of stock will not lightly change, afternoon will shock upstream.