The suggested inquiry range is 29.72~35.66 yuan. Considering the impact of income tax rate, we expect the company to fully dilute the EPS to RMB 1.19, RMB 1.57 and RMB 2.04 after the release in 10, 11 and 12 years. Considering the valuation of the small and medium-sized board companies recently issued, consider the company’s potential market expansion capabilities. We believe that The reasonable inquiry range is between 29.72 and 35.66 yuan, which corresponds to 25 times to 30 times of 2010 P/E.
Leading the medium-sized card transmission, the future heavy truck support will be the new growth point. The company occupies 70% of the mid-car transmission market and is the main source of income. However, due to the replacement of heavy trucks, the company must overcome the difficulties of developing new customer channels and facing the competition from the existing leading manufacturers, and enter the heavy truck transmission supporting field. At present, the company has obtained 81,000 intention orders.
The demand for light trucks is good, and market share is expected to increase. The rural market has a vast potential, benefits and incentives continue, and the demand for light trucks is good. With the release of production capacity brought by raised investment projects, market share is expected to increase. At present, the company has obtained 219,000 intentional orders.
Bus support will be another new growth point. The company will also enter the passenger vehicle supporting field, on the one hand, improve the company's layout in the commercial vehicle transmission market, on the other hand, the more stable industry growth in the passenger car industry will stabilize the company's demand fluctuations. At present, the company has obtained 23,500 intention orders.
280,000 new gearboxes will be raised and the fundraising projects will be the company’s newly added heavy trucks, light trucks, and passenger car transmissions with a production capacity of 80,000 units, 180,000 units and 20,000 units. The company’s production capacity will increase by 130% over the next 4 years. , The supporting capacity has greatly increased. The R&D center project will further enhance the company's technological competitiveness and narrow the gap with its foreign peers.
Anodic Oxidation, Aluminum or Aluminum Alloy products for the anode in the electrolyte solution for power handling, the use of electrolysis to the surface of the alumina film process, known as the anodized aluminum and aluminum alloy. After anodizing, the aluminum surface can generate a few microns or a few hundred microns of oxide film. Than the natural oxide film of aluminum, corrosion resistance, abrasion resistance and decoration has significantly improved and enhanced.
The main Aluminum Die Casting Surface Finishing purposes are:
(1) improve the wear-resistant parts, corrosion resistance and weather resistance to corrosion.
(2) oxidation of a transparent film, coloring made from a variety of color film.
(3) as a capacitor dielectric film.
(4) binding with the organic coating. For coating the bottom.
(5) for the bottom of plating
Electrophoretic Paint (electrophoretic coating), also known as the electrophoretic coating, electrophoresis is becoming increasingly popular with the defects of conventional spray constantly emerge. Electrophoretic paint industry began to replace old ones, electrophoresis paint from the anode to the cathode electrophoretic paint, electrophoretic paint from a single component to the two-component electrophoretic paint, electrophoretic paint development also contributed to the development of the electrophoretic coating, so that more Products to use the spray technology but the use of electrophoresis.
Aluminum Die Casting with Surface Finishing
Die Casting Surface Finish, Aluminum Die Casting Surface Finishing Exporter
Ningbo Zhenhai Xinxie Machinery Co.LTD , http://www.xinxie-diecasting.com