久しぶりに中国株に戻ってきました。
まずはここからin。1685に書き込まれている「？」さんも
お持ちなのかな？9日前の第一上海のレポです。
Wei Sheng Group (3393, BUY): State Grid orders full, into intelligent power distribution business
Profits out of the steady upward trajectory in recent years
With the improvement of the national network focused on the standardization of procurement and pricing mechanisms, Wei Sheng Group net profit to rise steadily in recent years, a steady increase of 190 million yuan from 2010 to 2013 of 409 million yuan. 2013 annual sales of 2.41 billion yuan, gross margin of 35%, from sales structure, the three-phase meter, 29%, 44% single-phase meter, data collection terminals accounted for 22%, water and gas accounted for 3% of the energy meter, energy efficiency solutions accounting for 2%.
2014 Meter steady business growth, good order
2013 State Grid Corporation conducted a total of four power meters and bidding information collection devices, the number of tenders for energy meter 66,490,000, representing a decrease of 15.03% in 2012, is expected this year may more than 80 million. From 2014 the first batch of bidding situation, WASION get 1.48 million smart meters contract, worth 326 million yuan, ranking first; while access to 246,000 units of data collection terminals and concentrator contract worth 84.46 million yuan. Market share has improved. We expect this year's total sales WASION table class and data collection terminals and other business growth of around 15%.
Rapid growth of new business, enter the smart distribution market
Companies to develop overseas markets and increase sales of water, gas and heat meters, with the constant introduction of specific policies, smart metering fluid product demand will grow rapidly. In addition, the company plans through acquisitions, joint ventures and strategic cooperation, etc., combined with the Group's existing metering, communications and automation technology and products into smart electricity distribution business.
Target price of HK $ 6.47, BUY
In not considering the impact of the acquisition, we expect 2014 -2016 revenues of 2.78 billion, 3.13 billion and 3.487 billion, net profit was 440 million, 517 million and 586 million. If the acquisition had occurred, the company expects revenue and profit will be on a higher level. In 2014 the valuation of 11 times earnings as a reference, 12-month target price of HK $ 6.47, representing a price of HK $ 5.5, with a 17.6% upside, maintain BUY.
Cheung Choi Ngor : Comments Wei Sheng Group and TCL Communication
Famous viewpoint Tencent Finance [ microblogging ] Cheung Choi Ngor 2014-05-13 11:22
I want to share Tencent microblogging QQ space Sina microblogging QQ friends 0 Bookmarked View My Favorites >> WASION Group ( 3393 )
The Group is principally engaged in the development , manufacture and sale of electronic forms and data collection terminals , which are widely used in electricity , tax, gas, heat and other industries, is the largest domestic supplier .
smart meter is a core component of the development of smart grid strategy, group leader at the smart meter manufacturers in the Mainland . Group won the national grid by the end of March this year, the value of 326 million yuan (below ) about 148 million smart meter contracts , and 8,446 million won worth of data collection terminal and concentrator contract , accumulated in the year 2014 won the national grid bidding contracts worth a total of $ 500 million .
With the deepening of rural power grids and promote the continuous improvement of urbanization , the distribution network will be intelligent investment focus in the coming years . Since the distribution of intelligent transformation of enterprise systems integration capabilities , experience in large-scale projects , such as hardware and software integration capabilities have higher requirements , Wayson can seize the opportunity to increase its investment in the distribution network market , driven by earnings growth .
さんまさん、？さん本日22:00過ぎに国家電網の入札結果の公告が出ています。
昨年のこの時期には入札はあったのでしょうか？
また総量の何％を受注できたのかは分かりませんが、順調のようです。
本日の取引量の増加は入札結果が漏れていたのかもしれませんね。
This announcement is made by Wasion Group Holdings Limited on a voluntary basis.
The board of directors (the ‘‘Board’’) of Wasion Group Holdings Limited (the ‘‘Company’’) is pleased
to announce that on 15 May 2014, the State Grid (國家電網公司) announced the bidding results of the
second centralized tender on smart meters and data collection terminals in 2014, in which the Company
has won contracts for approximately 739,000 units of smart meters with a contract value of
approximately RMB161.06 million (approximately HK$200.32 million). Furthermore, the Company has
also won contracts on data collection terminals and concentrators for approximately 41,000 units with a
contract value of approximately RMB31.67 million (approximately HK$39.39 million). The Company
ranked number one in terms of total contract sum won in this tender.
Up to the date of this announcement, the Company has won contracts with an accumulated value of
approximately RMB694.99 million (approximately HK$867.54 million) in the State Grid’s centralized
bidding in 2014.
This announcement is made by the order of the Board, the members of which individually and jointly
accept responsibility for the accuracy of the information disclosed in this announcement.
ir.wasion.com/attachment/201603181349201703018722_en.pdf
Company Presentationも出てました。
「R&D investment accounts for 7% of group revenue in 2015」で2014年よりさらに1%増えてますね。
