world of tanks power leveling intelligent monitoring system of substation bid of 38 - OWR

Electric dynamic source comments on report: positive, reap a bumper harvest, to establish an "inflection point", an overview of event source electrical published notice: intends to use its own funds to the company's wholly-owned subsidiary of Shanghai siyuan transmission and distribution Engineering Ltd (transmission and distribution company) to increase the registered capital of RMB 40 million Yuan, after capital increase transmission and distribution company registered capital increased to 50 million yuan of; to beWith its own funds to $ 30 million investment to set up Shanghai siyuan energy storage technology Engineering Limited (energy companies), the company holds 100% shares. Second, analysis and judgment increase transmission and distribution companies, actively works general contractor changes, vigorously open up the overseas market of transmission and distribution company focused on providing customers with transmission and distribution of primary and secondary equipment supply, installation speedComplete set of products such as testing and commissioning, engineering General Contracting and electrical solutions, is AG global window, owned by joint-stock company is responsible for all (sub-) marketing and management company in the overseas markets, boot company General contractor of the project step by step directions. We believe that the company's capital increase transmission and distribution companies, indicating that the company has the intention to strategic focus to overseas marketsFocus future domestic and overseas markets will fly side by side company beginning in 2010 to develop overseas markets, mainly in overseas markets to general contract situation continues, sales orders currently has more than 200 million Yuan, has accumulated rich experience in engineering General Contracting, through a capital increase of transmission and distribution companies, changes will be conducive to promoting the company to the general contractor, the futureChina is the development direction of propulsion engineering General Contracting, so companies is plan ahead of the move, for firms undertaking domestic EPC project to lay a solid foundation for the future. Establishing energy storage companies, enhance the company's overall competitiveness of the company set up energy companies, mainly with the joint-stock company in electric power systems and power generation system of good customer relations, following a domestic new energy and smart grid energy storage, Extending product lines, will benefit the company planning the total package of domestic power engineering qualification, improve the overall competitiveness of the company. Due to poor load peaks and Valley continued to expand, need electric energy storage system for smooth power load and large-scale energy storage technologies have been included in the national "Twelve-Five" energy planning, energy storage system needs a broad. State grid first tendering "bumper harvest",Record an "inflection point" recently established country bidding for 2012 network released its first batch of successful candidate announcement, our company won the bid of statistics data, the winning number and the share of the company is ideal, was awarded the "harvest": intelligent monitoring system of substation bid of 38, 15.08%, ranking second; 110KV switchgear (GIS) 108 interval, 10.76%, ranked third; Petersen 111, 32.94%, ranking second; isolation switch winning 789 groups world of tanks power leveling, 29.2% wot power leveling, ranked first, 160 sets of capacitors, 16.26%, ranking second; reactor 18, 12.59% percentage ranked fourth; transformer 344, 8.96%; 30 a circuit breaker, total 3.33%; we make generally according to prices of the products are currently forecast, companies in the State grid in the first bidding, bid worth about $ 300 million, exceeding market expectations. Early online network monitoring products in the country of the company substation secondary equipment GE bid in the tender number 476 sets world of tanks power leveling, winning share of 65.29%, well ahead of second science and monitoring82, 11.25% shares, development situation is gratifying; together the business development of the company is to develop in a good direction, orders in hand full, new orders continue, the performance an "inflection point" established. Three, profit forecasts and investment advice we expected net profits of 2011-2013 $, and $ 167.96 million, respectively, 301.45 million Yuan, equivalent to EPS $ 0.38, 0.52, $ 0.69, respectively, on March 6, 2012 closing price, corresponding multiples of 36 times, 26 times, 20 times times, respectively; in the country network nearly tender has been made several times greater market share, fully proves the company's "Lakes", is currently in the hands of the company sufficient ordersReleased orders pouring, exceeding expectations, performance turning basic establishment and the business of the company is transforming towards a good direction, we slightly increase company's price target to $ 18, maintain the company "strongly recommended" investment rating. (The people's livelihood security Chen Lung-nan) var selfURL= "http://quotes.cnfol.com/block/7021"; Online statement Gold: gold online reprint of the above content, does not indicate that confirm the description, for investors ' reference only and does not constitute investment advice. Investor operations accordingly, at your own risk.