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Data:2009-12-12 2:34
Source: and News
Shares of the strong limit-transaction reasons: Chen electricity is based on "green energy" electricity and water environmental protection enterprises as the main power supply. China's first batch of "Changwangfenkai" an independent distribution network company, is the independence of Hunan Province, where the largest power grid, net installed capacity of generating 530,000 kilowatts; company has an independent and perfect power supply network, has a 110 kilovolt transformer substations 9, 35-kilovolt transformer substation 32, the main substation total capacity of 595.7 thousand KVA and has 110-kilovolt line 495.21 kilometers.
Investment Highlights:
1, with healthy and rapid development of China's economy, the electricity supply sector continued to show sustained and steady growth trend, which will lead to a certain degree of development opportunities.
2, due to net installed capacity of hydropower to contribute to the full and there are new units, the company purchase of electricity costs can be substantially reduced, coupled with the upward adjustment of sales price, its earnings outlook is more substantial.
3, with the benefits of foreign investment projects has the effect of the company's growth potential are constantly emerging, and further increase investment and expand the scale of the energy industry, will make it profitable and broader prospects.
4, the Company owned subsidiary of Hunan exchange Bank of International Investment and the Hong Kong Hang Lung science and technology to establish three joint venture companies Tangshan Bang Industrial Gases Co., Ltd.; The company also won the Department of Hydropower Industry Delong Capital platform - Southern Water holding 70% of the Germany to water and electricity, for the company's future development and create more opportunities.
Risk Tip:
1, the company purchase of electricity price and the sale of electricity prices by government price sector management, state and local governments on the adjustment of tariff policy, the company's operating performance has a direct impact, the purchase of electricity from electricity sales of higher prices and lower prices will reduce corporate profits.
2, the company operating small hydro power as the main local power grid, grid electricity and water companies influenced by the weather, bringing a certain amount of uncertainty.
3, the company is currently asset-liability ratio of 62.06%, of which short-term borrowings 337.5 million yuan, there is a certain degree of debt risk.
Investment advice: for the company's main hydropower projects, as electricity rates would increase demand, the company began to bullish earnings outlook; first target bit 6 yuan.
Related sections: Environmental Concept
