Category: Money Tips Date: 2007-03-29
Source: GF Securities Research
Explosion in car sales spawned two major cattle markets this year, the automotive industry in the second half of 2005 continued the growth momentum, 1-April total sales has broken 2.4 million, producing 2.47 million, selling 2.4 million. First quarter of 2005 due to a low base, sales up 33%. China Statistical Information Network Bus statistics show that China's passenger car production increased by a quarter, it reached 21.59%, sales growth of 25.48%. Passenger car sales in the first quarter of this year, respectively 44600 and 43100, an increase of 12.31% and 8.47%, an increase of a record high. The explosion in sales, to bring the secondary market speculation themes. Zhongtong Bus (000957), G Yutong (600,066), etc. are terrific. G dragon (600,686) has been achieved in the implementation of integrated "Three Long One" has become the leader in passenger car industry, value has been seriously undervalued, the market outlook is expected to expand compensatory growth Quotes.
"Three Long one" strong development of the company G Jinlong (600,686) the largest shareholder of Fujian Automotive Industry Group is a wholly state-owned enterprises directly under the Fujian provincial government, has close business six-layer, semi-close 61 enterprises, 45 enterprises loose layer of home of powerful large shareholder to provide strong support for the development of Jinlong. 3 "Golden Dragon" relationship straightened out, is the G Jinlong growth. Last year, in March, G, Xiamen Golden Dragon International Trust and Investment held by the transferee Kinglong 1% stake in Total holds 51% stake. In addition, in June last year, large dragon stake in a subsidiary in Suzhou Jinlong battle also successfully be resolved. G Jinlong Jinlong effective control of large and small dragon and Suzhou Jinlong, the foundation of long-term stable development of a more stable, and truly have the strength to dominate the domestic passenger car industry. After straightening out the relationship between equity in the subsidiary, its three "Golden Dragon", we make G Jinlong product structure is more rational and more competitive. The progressive realization of the three dragon (dragon joint, dragon wagon, Suzhou Jinlong) the integration of the three dragon alliance, achievement of the dream of dominance in the coming bus is gradually becoming a reality.
The basis of domestic expand overseas markets overseas market development last year, G Jinlong a major bright spot. As China's passenger car industry, one of the leading companies, large dragon is China's implementation of the overseas strategy of the earliest and the largest passenger car exports of manufacturers. Last year, in March, large passenger cars Jinlong Jinlong passed the British Commercial Vehicle Certification (VCA certification), to obtain a pass to enter the European market; the same time, the company also participated on behalf of China for the first time in Belgium in October last year at the 18th session of the Busworld Europe exhibition, which has laid a large golden dragon marketing initiatives in the implementation of overseas strategic leadership. In late August last year, 450 Golden Dragon Bus official export Middle East, the achievements of China's largest single export of a large bus. Small dragon's overseas strategy has been steadily carried out. 2005, G Golden Dragon buses exported various types of 1206, an increase of 110%; export delivery value of 52.44 million U.S. dollars, an increase of 256%, the country's total export delivery value of passenger cars of 26.7%.
Gone against the tide will soon be strong Tianquan bottoming 6.20 yuan after the Unit has been a slow increase in channel, 3 times a clear rise in attacks, have hit a new high. Pulsed operation practices for the future and lay a solid foundation for the main liter. Stock reform before the steep slope of the rise in the unit increased, the rapid turnover of amplification, the right signs of looting evident. Shares of the following is not directly pulled the main, but with the four trading days of the finishing withdraw sword-year line. Tuesday pulled up the unit and easily under adverse record high, showing the main force has been firmly Kong Pan, floating cards to play. MA point of view, although on the 5th line is still in 20 and 30 below the line, but the stock has broken more than average pressure. The next main target will be Tianquan. Cf hot in the performance of buses pass, G Golden Dragon will also be copied to this miracle!
