subject: Investment Value Of East Nc - East Nc - Machine Tool Industry - China Sheet Metal Fabrication [print this page] The era of high-speed rail to the company a good opportunity
2009 8 10, said Wang Zhiguo, vice minister of Ministry of Railways, the next three years, investment in railway construction schedule has been finalized, the railway construction investment of about 2 trillion, an average annual investment will be over 700 billion. Wang Zhiguo said introduced in 2009, the Ministry of Railways plans to complete 600 billion yuan investment, the new 5,600 km railway lines, of which 2,500 km dedicated passenger. Wang Zhiguo said the total mileage of China's railway operation will reach 110,000 kilometers, of which 200 km per hour over 13 thousand kilometers of high-speed railway, electrification rate and double-track rate of 50% or more, the main channel will enable the railway passenger and freight transport sub-line, China rail transport "bottleneck" will basically break. According to statistics, 1-10 months of 2009, China's railway investment in fixed assets amounted to 442.8 billion yuan, fixed assets investment in the railway industry is forecast to nearly 700 billion yuan, up by over 65% growth rate, the basic growth rate similar to last year. Jan-Oct 2009 Railway completed laying 4,705 km of new lines, invest in much more than expected progress. According to "long-term railway network plan," the end of 2009, China will overtake India as the world's railway operating mileage of the second power. China's high-speed rail technology now has reached world advanced level, the design speed of 250-350 km / hour "four vertical and four horizontal" high-speed rail lines and build a start, subway, city rail construction everywhere, to the 2012 "four vertical and four horizontal" Passenger will gradually link up, there will be 13,000 km of intercity passenger rail line and put into operation, high-speed rail era roaring.
(B) is a high-speed railway equipment East NC CNC machine tools Segments leading
Company is the sole owner of CNC System Completely independent intellectual property rights of machine tools business, is the only production Borg board Grinder Domestic enterprises. Borg board is a dedicated high-speed railway track plates, one of the new railway in China (including the opening of the Wuhan-Guangzhou high-speed rail) are widely used. As of 2009, three quarterly sales of CNC machine tool companies, 80% of Borg plate grinder, which Beijing-Shanghai high-speed rail machine tool orders awarded 350 million yuan is taking effect. With the era of high-speed railway in China, the company will enter the fast development of new track.
Second, the financial situation of East NC
(A) the dividend policy stability and potential for future dividends
2009 2 27, the company revised the "Articles of Association" in the dividend policy that: "companies can be taken in cash or stock dividends, cash dividends can be a mid-term. All of those who make profits but not cash profit distribution plan , the company's profit distribution policy should maintain continuity and stability. " Listing the year 2008 for every 10 shares only found Jinhong Li 1 yuan. As of 2009, three quarterly, the company share capital surplus and currency funds are still as high as 2.35 yuan and 2.03 yuan to 1.24 yuan per share, undistributed profits, the company 2009 annual bonus potential.
(B) of the company's profitability and ability to grow better
Company disclosed in 2009, three quarterly financial data, the data compared with the previous year, the company 1-9 months in 2009 the company achieved operating income of 423 million yuan, total profit of 106 million, attributable to the net shareholders of listed companies profit of 092 million yuan, respectively, up 33.97 percent over the same period the previous year, 154.01 percent and 155.44 percent, the company consolidated gross profit margin increased year on year to 11.96 percent, showing the company's good profitability and growth. In addition, NC East "issued by the company in 2009 is expected to owner's net profit attributable to parent company rose 120-150%" of the forecasted to go up announcement, the company offers good growth footnote.
(C) cash flows from operating activities have better ability to
Higher brand awareness because of the company, gross margin, net interest and accounts receivable turnover ratio is much higher than the industry standard, so the company's cash flow from operating activities and net height ratio, a strong hematopoietic function .
