Leading High-end Development Of Metal Pipe Fittings
Industrial metal pipe fittings mainly applied to petrochemical
, shipbuilding, electric power industry, the lifeline of national economy.
With the acceleration of urbanization, infrastructure, central and western regions development policy thoroughly, the world's shipbuilding orders a further shift to Asia, marine exploration and resources and nuclear power plant project into full swing, the downstream industry will drive strong demand for metal pipe in China fittings industry's rapid development.
The company has eight classification societies and the PED and AD authentication certificate, and the industry-leading R & D
Norwegian company has received DNV, GL, etc. Eight German Classification Society Register of Shipping certification and the EU Pressure Equipment Directive pipe fittings, flange manufacturing license (PED and AD certificate, the certificate pipe fittings and flanges for products to enter EU market license. In addition the company also has issued AQSIQ pressure piping components, pressure vessels and other special equipment manufacturing license. the company set up a special pipe fittings and South Research Institute product technology research and new product development, has already obtained an invention patent, 11 utility model patents and one design patent, patent-pending technology and another four have been accepted by the State Intellectual Property Office.
High-end metal
stainless steel pipe fittings products company manufacturing leading position in domestic
A complete product chain, especially in the large-diameter, composite materials, special materials, obvious advantages of high-end pipe fittings. Developed by the company DN1400 pipe pushing machine system is the largest diameter pipe pushing machine system has been applied in natural gas projects; company is a very small number of large-scale production of composite materials with production capacity of pipe fittings and related products have been petrochemical and coal chemical industry began to supply the field of large-scale enterprises; company standard pipe system module production capacity in China as the lead supplier of pipe fittings.
Company a significant location advantage with high quality and stable customer resources
Companies located in Jiangyin and the surrounding area is the upstream and downstream petrochemical raw materials, steel industry, shipbuilding gathering place for the company to provide a rich source of raw materials and stable customer resources downstream. With petrochemical, shipbuilding and other industries has established a number of leading enterprises long-term relationship, is the Waigaoqiao shipyard, Jiangnan Shipyard, Shanghai shipyard and a number of shipbuilding Group, the sole supplier of related products or the largest supplier.
Compound annual growth rate of 51.56 percent the next, and reasonable valuation range of 20.16-23.04 per
Companies raise investment projects mainly for stainless steel pipe fittings, stainless steel flanges and piping systems and other high-end products, raise investment project can be fully put into operation the company added 800 million yuan revenue. We expect the company to achieve operating income of 2010-2012 were 549 million yuan, 688 million yuan and 1.261 billion yuan, an average annual compound growth of 51.56 percent, according to the total issued share capital after the calculation of diluted basic earnings per share 2010-2012 were 0.72 yuan, 0.92 yuan, 1.42. Consider the company's future investment project is expected to raise production capacity with the release potential, and the company's current low prices of raw materials upstream steel products, we believe that the profitability of a security company, listed on the secondary market for the company after the -32 times the 2010 valuation of 28 times the range, corresponds to a reasonable price range -23 to 20.16 yuan. 04 yuan.
by: hookah
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