Data:2009-12-12 2:34
Category: Money tips Release Date: 2007-04-17
Issuance of the company's orientation program, two steps to complete the company's overall stock exchange; plan fund-raising total of 7.6 billion, equity expansion of 1 billion shares; not into the project: Chu Hai Bay, deep Nanshan Power Station as well as some real estate assets would be injected in this completed within 18 months after the completion of the acquisition. Adjustment program with the intention of the Group's overall listing plan, long-term results are basically the same.
2007,08, the company reduced earnings primarily from Chu Hai Bay, Nanshan Power Station power plant and the deep part of the investment benefits:
- Chu Hai Bay Power Plant: bullied the source is limited and relatively high cost, its total revenue, gross margins are higher than the low level of coal-fired units. 2007 Hongwan Burning the South China Sea natural gas, is expected to achieve profitability, should the deferred purchase (as completed by mid-2008) 07,08, the company reduced annual net profit of about 20 million, about EPS0.01 yuan; - deep Nanshan 26% of the shares of investment: Each year, about 1500-2500 million in investment income generated to delay after the acquisition (as completed by mid-2008), the company net profit was less affected.
From the company's long-term development: The company operating stability and ample funds, the opportunities and risks coexist. A large number of reserve power for the company lay the foundation for long-term development; more than 3.5 billion annual operating cash flow and long-term liabilities of about 30% of the low status of the cash for the company to expand the provision of adequate protection, the uncertainty of project selection is a major risk of long-term growth point.
If the additional success (injection of assets included in the year 2007), the estimated EPS for the year 2006-08 the company 0.60,0.78,0.81 yuan, to give an "overweight" rating.
