続きです。development period, National Grid has planned 2014 new filling
station 167, much higher than the 50 of last year, the peak of
the construction of charging stations, related equipment in great
demand.
Expected surge in turnover of 158%
Titan product is complete, covering the charging equipment for electric equipment and and into AC charging and DC charging for slow charging (about 8 hours) and fast charge (only half an hour), slow charging technology threshold is not high, hair Only 30% of the interest rate; quick charging technology requires a higher threshold, the gross profit margin of up to 40-50%. Titan is the first mainland electric vehicle charging equipment involved in the private market, in the past has been involved in the Beijing Olympic Games, Shanghai World Expo and Guangzhou Asian Games and other demonstration projects in more than 50 stations, its national grid technology has been recognized, but in the past to the grid by the project to 90% SOE close to winning. Although the market share of the Titans in the private part of the more than half of the national grid for the first time this year, about $ 200 million tender, the Titans have bid 20 million yuan, 50 million yuan on hand about the winning project will be delivered this year.
This year there are four national grid is expected to tender in June to December, the scale of 2 to 3 billion yuan, together with other channels about 5 to 6 billion yuan. Titan may be a conservative estimate of the bid from 200 million to 300 million yuan, much higher than the 2013 delivery of 11.42 million yuan (109 million yuan in 2012), the results will be a turnaround.
2014 market demand has turned for the better, to catch up with the goal of building an estimated 2015 demand more. Last September, four ministries jointly issued a notice to continue to develop new energy vehicles to promote the application of the work, but also with subsidies, currently the major cities have announced the construction plan, Beijing will be built this year, 1000 public fast charging piles, Tianjin and Shanghai are planned Built in 2015, 6000 or more.
Reference Haitong Securities research report, forecasting Titans 2014 turnover increased by 158% to 4.49 billion, earnings per share of 8 points; 2015 turnover soared 63.8 percent to 736 million yuan, earnings per share for 14 points.
Titans listed in 2010, has been the stocks of new energy vehicles, equipment, the highest price 1.69 yuan, while the need to promote policies, market demand has not yet match, plus performance losses as low as 0.41 yuan last year, but the beginning of this year has been gradually to better reflect the most difficult period has passed, the significant increase in turnover since March, the stock has risen to 1.28 yuan, despite repeated thereafter remained rather low only 0.84 yuan.
Titans price of HK $ 0.98, no P / E, but the track record for reference only, more important is the outlook. Titans hand charging equipment bid amount reached 50 million yuan, 11.42 million yuan last year such income only, this year's performance will certainly turn for the better, but there are still four times tender, I believe that continued to bid, even if delivery is not feasible this year, The results also favor next year. From the market situation, has been in the collection, and greatly reduced pressure and sell goods, Zha home has unexpected results will turn for the better, its electric car concept can gradually play, ideal for future increases, the estimated increase in the turnover, the first challenge of the recent high 1.28 HK, gradually advancing to a new high of HK $ 1.69, the bid should pay attention to the message, such as progressing smoothly, the stock will be another record high
