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Data:2009-12-12 2:34
Source: and News
Midday is still strong
Transaction reason: The company is the largest silicon technology companies, through independent research and development, starting in 2005 through product recall production of solar cells with silicon material, great space for development.
Investment Highlights:
1, the company is the largest silicon technology company, is China's largest international advanced semiconductor materials research, development, production and an important base, extremely strong technical force, the company has developed the root of China's first 6-inch, 8 inch and 12-inch single crystal silicon, so that China has become the world's few 12-inch single crystal silicon technology has drawn one of the countries.
2, the company has in accordance with international standards of production conditions, purification plants and the highest clean for more than a super-clean plant, annual production capacity of 2.5 million IC grade polished wafers, scale advantages and technological advantages, has been in a leading domestic level.
3, with the gradual recovery in the global semiconductor industry, especially in China's semiconductor market of rapid growth, strong market demand for the company products in the market share of fast increase, the company will usher in an unconventional development opportunities.
4, foreign co-operation concept, the company invested 117 million yuan and the Hong Kong Kai Fai holding company co-founded Cathay Pacific semiconductor materials, accounting for 65%, the company has put into operation in Beijing Linhe Industrial Development Zone, mainly engaged in 6-inch FZ-silicon single - crystal and heavily-doped silicon single crystal production, has recently completed large-scale production, heavy-doped monocrystalline silicon production will reach 40 tons, 30 tons of monocrystalline silicon melt, it will become the major profit growth in 2006.
5, rare-earth concept, the company had 43.45 million yuan competing Taixing City, Jiangsu Province, Thailand Jun rare-earth company's assets. The assets of the company will be machinery and equipment, extraction tank physical assets such as rare-earth solution, priced 33.93 million yuan, 12.57 million yuan in cash, with Cathay Pacific semiconductor material formed a joint venture company, Jiangsu Province, Guosheng Rare Earth Materials, accounting for 93%.
6, solar energy topics. A major shareholder in the Beijing Nonferrous Metal Research Institute, the battalion monocrystalline silicon, germanium, compound semiconductor materials research, development and production, its leading products monocrystalline silicon solar cells as an important raw material. Listed companies to take advantage of large-diameter single-crystal material recovered successfully be used to produce solar cells with silicon, monocrystalline silicon solar cell production in 2006 will also expand.
Risk Tip:
1, polysilicon raw material prices, increasing the company's production costs.
2, with the company mainly exports the proportion of the increase in competitive pressure from foreign markets, further increase.
Investment advice:
Company is the nation's largest silicon technology company, is China's largest international advanced semiconductor materials research, development, production and an important base, extremely strong technical force, the company has developed the root of China's first 6-inch, 8 inch and 12-inch monocrystalline silicon, so that China has become the world's few 12-inch single crystal silicon technology has drawn one of the countries; the future prospects of a certain, it is recommended to continue to hold. The regional reference price 7.10 - 7.75 yuan, 8.23 yuan in the first target position.
