Method for numerical control

Method for numerical control, benefit from the power grid construction of steel structureMachine tool industry to develop in the direction of high added value. In recent years, under the condition of the domestic economy continues to high-speed growth, China's machine tool industry is developing rapidly. In macroeconomic regulation and control in the first half of 2008, under the influence of metal-cutting machine tool industry in our country has new changes: production growth fell to 10%, while the gold (186,0.68, 0.37%, right) cutting machine tool sales revenue growth remained at about 30%, shows that average unit price rise significantly, machine tool development towards high value-added machine tool market.

Company's main business prospect is good. The company's main products include: iron tower light steel structure numerical control of complete sets of processing equipment; Construction steel structure numerical control of complete sets of processing equipment; Large sheet of complete sets of processing equipment. Tower steel structure is mainly used in electric power equipment, under the background of countries promote the building of power grid, the products face a broad market space. Large plate mainly by wind power to drive numerical control of complete sets of processing equipment, are in growth stage. With the expansion of the steel structure industry, the phasing out of the traditional mode of production, steel structure numerical control of complete sets of processing equipment market prospect is good.

Company a competitive advantage is obvious. Steel structure numerical control of complete sets of equipment manufacturing industry is its early. Company from 2004 to 2006, tower steel structure CNC numerical control of complete sets of processing equipment, building Warehouse Building http://www.jingtabuilding.com/steel-structure-warehouse.html of complete sets of processing equipment of the total sales of 366 million yuan, accounting for 62.14% of the total amount of the domestic market sales and market share ranks the first. Company has been developing rapidly in the field of large plate CNC complete sets of processing equipment, the order 6 fold increase in the amount of 3 years.

Raising investment projects will greatly ease the capacity bottlenecks, reduce reliance on outsourcing company. This to raise money to spend, the numerical control processing equipment production project of steel structure is expected to reaches producing in 2012, after the project put into production will aggregate the new price of all kinds of complete sets of numerical control equipment 803 units/year, the existing production capacity increased by 1.88 times. And significantly reduce reliance on outsourcing company, raise the level of product technology.

The profit forecast and valuation. We forecast earnings per share in 2008-2010 to 0.47 yuan, 0.65 yuan and 0.65 yuan. Reference the a-share market is A company of the PE valuation levels, expect the company reasonable price at $10.23 to $12.09, the issue price of 8.70 yuan, the profit space is 17% - 39%, suggest that purchase.

Company is mainly of uncertainty. 1) the outsourcing parts price or supply tension may bring difficulties to the production of company; If 2) fixed assets investment growth fell affect the use of the Steel Structure Building http://www.jingtabuilding.com/steel-structure-building.html of scale expansion, high market share in case it is difficult to avoid impact on firm performance; 3) market competition intensifying, could lead to a decline in margins of company; 4) the risk of iron and steel prices continue to rise; 5) the risk of RMB appreciation.
Bridge more than 50 production more than ten thousand tons
http://chinasteelframe.blogspot.com/2013/04/bridge-more-than-50-production-more.html