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Data:2009-12-12 2:34
Source: and News
Higher transaction morning oscillation reasons:
With regard to foreign strategic investors through the directional motion of non-public offering of shares: The times to Goldman Sachs Group, Inc. Control and management of GS Capital Partners V Fund, LP or its subsidiaries of non-public offering of 111,277,019 ordinary shares (A shares) . Issue price set at 8.00 yuan per share.
Investment Highlights:
1, the company became the only one exported to the U.S. are exempted from paying anti-dumping duty automotive glass business, Fuyao become a global matching Audi sentinel glass supplier. For South Korea's Hyundai, General Motors Australia to provide complete after being Audi into the global procurement network, which marks the Fuyao formally entered the ranks of international brand-name automotive OEM, supporting the market.
2, the country's largest, the highest technical level of production of automotive glass manufacturer, its "FY" trademark is China's auto glass industry's only well-known trademarks. According to Customs statistics show that China's total exports accounting for 75% of auto glass is the world's sixth largest auto glass manufacturer, now accounts for the domestic auto glass market share of about 40%, matching the high-grade automotive glass market share of around 55% ; of the world's auto glass market share of about 3%.
3, a wholly-owned subsidiary of Fuyao Group Beijing Tong Fuk Safety Glass Co., Ltd. (75%) invested 370 million yuan in Beijing's Tongzhou District, automotive safety glass construction project, will further expand the company's production scale, to further enhance the company's sales and service ability to help companies to better participate in international and domestic competition in the market to promote the company's continued stable development. As of late 2005, Beijing Fu-Tung has been put into 73.85 million yuan, mainly for land acquisition and infrastructure. The project is expected in the second half of 2007.
Risk Tip:
1, with the new models introduced in an increasing number, the speed continues to accelerate, the automotive glass suppliers to participate in simultaneous design and development capability automobile manufacturers have become increasingly demanding in this regard will continue to get stronger and improve.
2, China's auto industry through the first two years of explosive growth, the growth rate fell to a relatively stable growth; car price cuts will affect the price of automotive glass products.
Investment advice:
Company's main automotive safety glass, decorative glass, glass, plastic bag production and marketing side assemblies. Suggestion is to focus attention. The first target bit 11 yuan.
Related sections:
Auto Plate
