Category: Money Tips Date: 2006-09-29
Source: Wei-depth Securities Author: Zhao Sheng-owned
Today, Sinopec affected by the broader market morning market opened higher, but closed out the Yinxian finishing K line, in the degree of individual stocks also weakened on the active, hot spots, is not obvious. From the individual stock selection, we recommend investors concerned about the increase in performance will be within the 000903G cloud today, gone against the tide trying to flaunt their excellent performance that the market had expected, afternoon worth noting.
The West's largest diesel engine manufacturer Yejiyuzeng
Company is the largest in the western region of China diesel engine manufacturer, mainly engaged in diesel engines, automobile production and sales of internal combustion engines, diesel engine in the car industry, has strong competition. Diesel engines take into account energy saving and environmental protection, car diesel technology is an inevitable trend, the company car market share of diesel engine after Dongfeng Motor and FAW, among the national automobile diesel engine production and sales of the third. According to the company mid-year report shows a substantial increase in performance compared with same period last year, saying this year's stock market to pick up, the company picked up market value of short-term investments, provision for previous years back to the short-term investments decline in value of 25.6 million yuan. The G cloud within the 2005 annual report disclosed that since the domestic securities market downturn during the reporting period, the report's provision for the end of the short-term investments decline in value of 45.75 million yuan, the company's operating results had an impact. And the announcement is expected to January 1, 2006 to September 30, 2006, compared with a year earlier cumulative net profit growth of over 100% or so. Performance improvement, show the growth of corporate value.
The new products will enhance the company's overall profitability levels of
Engine technology companies joining together an internationally renowned company, developed to adapt to China's actual demand for new diesel engines. The company introduced a new diesel engine cars with a European leader in not only the level of technology, but also with independent intellectual property rights, was born in the company's own production line. In the company's new diesel engine this car, using a large number of international latest advanced diesel engine core technology, power, torque, fuel consumption, noise and other indicators have reached international advanced level of similar products, even to the EU 4 exhaust emission standards apply to passenger cars, utility vehicles, SUV vehicles, commercial vehicles and other MPV models, becoming the first Chinese-made passenger car diesel engine manufacturers. According to projections, "Eleventh Five-Year" period, the total size of the company's production capacity will reach an annual output of 400,000 units of the level of diesel engines, including diesel engine cars will reach an annual output capacity of 200,000 units. New type of diesel engine cars will enhance the company's overall level of profitability. According to experts, is expected within the power goes into the car industry is expected to receive 1.5 billion -60 billion in sales revenue and achieve 100% -400% increase. New product next to the company to enhance performance worthy of our company's fundamentals continue to focus on change.
Enhance the strength of the industry chain extension
The company also includes the domestic production of hundreds of kinds of light vehicles, agricultural vehicles, recreational vehicles and construction machinery truck accessory products in the same industry, long dominated, at present, the company truck in the downstream market share of about 10%, in the light truck market share of about 15% of the area. Since the company is listed there have been two acquisitions, one was the acquisition in Chengdu internal combustion engine main production plant operating assets, one was particularly good joint acquisition of the Shenzhen High-hwachon vehicle to vehicle production-related companies involved in operating assets light truck, farm truck field to achieve the company an extension of industrial chain, the company main business has leapt to a new development platform is also conducive to decentralized production companies the risk of a single diesel engine to enable companies to the mutual support of the two main businesses, the competitive advantage and industrial levels, enhance the comprehensive strength, but also will provide new profit growth point.
In the secondary market, as the company's new product launch, the stock has continued to rise, but drop back too early. However, the recent observations from the disk, there gradually stronger trend, as companies bring new products, good expectations, and the company's substantial growth in the first three quarter results, the fundamentals will support higher stock prices, we recommend investors concerned about the market outlook.
