2012年12月25日星期二

The solar industry development potential concern


Technical elite together maiden voyage of energy-saving intends to get involved in solar thermal power generation

The inaugural energy saving (002,665) intends involved in solar thermal power generation industry. The company previously announced with Yao Zhihao team signed a cooperation agreement, the two sides each invested 65 million yuan and 35 million yuan, the establishment of the maiden voyage of energy-saving solar thermal technology Co., Ltd., a solar thermal power plant EPC contracting as well as power plant related equipment R & D, production, sales and so on.

According to the announcement, the new company registered capital of 100 million yuan, the maiden voyage of the use of raised capital of 65 million yuan funded Yao Zhihao team ownership of non-patent technology intangible assets financed. Yao Zhihao team non-patent technology intangible assets, including solar cell thermal power station the condenser field control system hardware and software, and mechanical and electrical integration of key equipment and technology "investment value of intangible assets 10,385,200 yuan, the solar thermal power plant of the overall design and system integration The key technology investment value of intangible assets 25,239,300 yuan, after the combination of both a price of 35 million yuan.

The bulletin information displays at the same time, Yao Zhihao solar thermal power station overall design and systems integration direction graduation Dr., has been involved in a number of National Natural Science Foundation of China, the national "863" and "973" plan key projects of thermal power generation and international scientific cooperation projects. In 2009, he was responsible for the creation of the Ministry of Science and Technology of solar thermal industry technology innovation strategic alliance.

According to the China Securities News reported, the first technology is one of the core areas of solar thermal power station, is the key equipment of solar energy from the conversion of light to heat, solar thermal power generation efficiency and reduce costs.The technology gains a life of 7.5 years. The second technique is mainly used to optimize the design and efficient integration of solar thermal power station can achieve mastery and control of key aspects of optical thermal power generation, contribute to the bottleneck in the development of breakthrough in solar thermal power generation in the country. The gains term of 7.5 years.

The maiden voyage of energy-saving solar panel thermal power generation prospects. Stronger technical team of the new company, and no major technical obstacles, such as to achieve the intended purpose, and will become an important part of the company's future performance.

Aviation Power: Concerned about the investment opportunities brought about by the favorable policies

Stable company fundamentals continued to improve operations, improve the efficiency of fund utilization; adjust the layout of the non-aviation industry this year, the decline in semi-annual results of the Company is not a change in fundamentals, but the delay in the delivery of aviation products and reduced low gross profit the non-involvement of the aviation industry, in the case of funding constraints, the limited funds layout in a higher return in the aero-engine industry, more prominent the company's main aero engine status, substantial increase in the gross profit margin of non-aviation products for civilian use improve the overall fund utilization efficiency, company profitability further improved.The measure, expected the company's 2012 revenue will be modest growth, net profit growth of about 18%, full year EPS of $ 0.28.

Aero engine company's main product, the main product is the second generation engine and three generations of the engine, with the domestic military and civilian aircraft by a second-generation aircraft to upgrade to the three generations of aircraft, orders for the second generation engine will slow down, the company's second-generation engine 2012 overall basic maintain a stable, three generations of the engine to maintain stable and relatively fast growth. Comprehensive measure, the 2012 aero-engine industry will maintain steady growth, the growth rate was approximately 12.7%.

The end of 2011, the company for their own operating conditions, business strategy small adjustments, shrink the layout of the non-aviation products, to reduce inefficient occupation of non-aviation products for civilian use of funds, the limited funds to the layout of the aero-engine industry, capital utilization efficiency, the company Although non-aviation revenue fell 56.86%, but the gross margin rose from 5.82% to 9.4%, and greatly improve the efficiency of fund utilization.

Aero Engine is the core product of the aviation industry, an important direction for China's industrial upgrading, and gradually increase the national investment in the aviation industry and engine industries and emphasis in recent years, announced the next relevant supporting policies likely, concerns thus with investment opportunities to the event.

Aero-engine industry as the foundation of the domestic aviation engine machine manufacturing leading enterprises, regardless of the aviation industry and aviation engine industry in China's prospects are very broad, long-term investment value prominent. Combined with the current stock price of the company's fundamentals and the secondary market, analysts predict that the next six months target price of 16.8 yuan, giving overweight rating.

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