Category: Money tips Release Date: 2006-05-15
Source: Investment Yao Xiaoming Today
G North Chong (600,967) Company's main products are railway freight cars and accessories, special-purpose vehicles, metallurgical machinery and other products. The Ministry of Railways Corporation is the recognized 17 railway freight cars, one of manufacturing enterprises, in the device hardware, technology and market-oriented operation level of a competitive advantage compared with domestic counterparts.
National Securities analyst Shen-chun said the company to resume growth railway freight market share will have a larger rebound; with the scale and steel sales to drop, the future gross margins will gradually pick-up truck; special-purpose vehicles continue to grow rapidly, is expected to pattern of the company's future earnings are one-third of the world; other related businesses go hand in hand, orders for the current hand-held about 10 billion in 2006 revenue is expected to reach 1.2 billion main;'s exports grew rapidly, the current orders in hand of foreign trade is about 2.3 billion, will become new growth points; metallurgical machinery to maintain the status quo, the company is the right time to replace a stock company; companies to invest in heavy-duty crankshaft precision forging project will bring enormous benefits; expected that this part of the revenue received no later than 2008 reflected an increase of about 0.2 yuan per share earnings.
Shen Chun 06-08 years is expected to achieve earnings per share were 0.16 yuan, 0.26 yuan, 0.41. 06,07 years, respectively, the company dynamic price-earnings ratio of 32 times and 20 times, 1.4 times book value. Investment in the short term to give a neutral rating, the proposed pay close attention to company's development.
Historical Information: G North Chong (600,967): "Eleventh Five-Year," the biggest beneficiary of railway construction is expected to expand continuously pulled Quotes afternoon June 6, 2006
Source: Far East Securities
With the national economic development, especially in the last couple of years of coal, grain and other bulk cargo transport demand increases, rail freight has been far from meeting the needs of economic development. Seriously hampered the development of our national economy, "Meidianyouyun" several "bottleneck", the rail transport has clearly become a bottleneck in the "bottleneck." Shanxi, Inner Mongolia, Shaanxi, and many other provinces and autonomous regions is not without coal, but the heap where the movement will not go out. Therefore, the next period of time, rail transport will be given priority in the development of related industries. The stress changes in railway transport situation, we can not fail to mention the accompanying symbiotic rail vehicles, because all aspects of development of the industry subject to constraints, railway rolling stock is one of them. With the Ministry of Railways for rail transport "accelerate", "overload" This request was made to comprehensively upgrade the railway vehicle product quality, strengthen the various technical indicators have become a rail vehicle manufacturers imminent priority. Baotou North Venture Co., Ltd. is engaged in one of the related industries, because she's core business is the direct production of goods for the railway system equipment. Eleventh Five-Year period, China will greatly increase investment in railway construction, according to China's "long-term railway network plan" and "Railway Eleventh Five-Year Plan", "Eleventh Five-Year" period, the state will increase investment in railway construction, the Ministry of Railways, " Eleventh Five-Year "a total investment of 1.25 trillion yuan for railway construction is the" 15 "2.08 multiples of the total investment, of which 24.0 billion purchase of domestic locomotives and rolling stock. At the same time, around the top ten coal base, and strengthen the building of coal-channel development of container transport and so on, to further improve the railway transport capacity.
Construction of the railway network to the degree of intensity and depth in full swing, will naturally require a complete set of simultaneous development of transport vehicles, no matter whether it can "accelerate" or "leaps" can only be "online" to talk about soldiers. The Ministry of Railways, as determined by high-speed, heavy vehicle and parts one of the pilot, the northern business (600,967) of rail vehicle development and production from the 80 years since the beginning, and now has become a development and production of Gondola, tankers two series of kinds of models for nearly 30 varieties of large-scale rail vehicle production enterprises in the domestic market, a considerable market share, of which three kinds of models have achieved a leading market share of more than 9%.
Company's core business based on the development of rail vehicles, and continuously R & D for "high-speed, heavy" requirement of new rail vehicles, and accelerate the development of private cars and two strategic business metallurgical machinery, through the many years of technological research and innovation, with a number of special there is technology, rail vehicles, special vehicles and metallurgical machinery manufacturing technology of water on average in the field of domestic leading position. The main equipment beam production line, brake beam production line, bogie production line, side frame production line, centralized test the wind, braking and other laboratory tests to achieve world-class. Among them, the main components of rail vehicles Gondola has realized the transformation from manual to robotic welding automatic welding of the epoch-making change dramatically improve product quality, while fully meet the Ministry of Railways tender car right technology and equipment requirements. Northern Venture independent R & D Manufacturing sizing mill, rolling mill, rollers and spare parts and metallurgy of non-standard equipment, the end of the domestic metallurgical profile sizing mill needs to import all of history. Equipped with an annual output capacity of 400 units formed from the casting, smelting, heat treatment, to product processing, the whole assembly of complete production lines. According to expert assessment, when compared with similar foreign products, the North start production of the sizing machine prototype has basically reached the level of foreign imports, can replace imported products.
Recently, the company with the Northern Inc. has signed international cooperation, "Sudan 140 trucks and 200 rail bogies supply contract", the contract amount of 58.65 million yuan, which is to Sudan, the company's first contract to provide railway truck, follow-up Small-size contract under negotiation process. Can be expected in the next few years will experience explosive growth, the company is extremely optimistic about the prospects for future development.
The current and next few years, a substantial increase in investment in the railway industry, the North entrepreneurship as the main force of China's railway freight cars manufactured in one, from which a share is entirely predictable. Company's market share has consistently ranked in the national counterparts in the forefront of production and operation of well-functioning, results of operations continued to grow, a quarter of main business revenue growth of 359.69 percent from a year earlier and net profit growth of 146%.
Recent "Railway concept of" big popular these days,
G, is still a strong iron diluted higher, leadership style significantly. The unit shares after the trading volume is significantly larger reform, the share price movements sound. Recently, after repeated shocks, KDJ indicator had low constitute Jin Cha, MACD is also awaiting a breakthrough in a critical state, the market outlook is expected to expand continuously pulled Quotes.
