Institutional investors in the market this week, a callback is not calm . There are more than just small board stocks body seats coming out, the overall market pullback in the operation of its opportunity to buy the idea emerged. Charts show the small plates were net buyers of stocks yesterday Kstar institutions , and its share price rose 7.60 percent .
Shenzhen Stock Exchange trading public information display , yesterday Kstar four agencies are buying seats , for a total net buying 44.51 million yuan , accounting for 42.62% of the total turnover of the day ; being an agency to sell seats sold a net $ 1.5 million accounting for 1.44% of total turnover day . Although the Shanghai Composite Index fell 1.37% yesterday , but Kstar contrarian rose 7.60 percent .
KSTAR is China's leading uninterruptible power supply (UPS) provider , is mainly engaged in supporting the UPS and VRLA battery research and development, production, sales and support services. Its UPS products covering medium and small power levels , and has been certified by McIntyre , FCC certification and CE certification. Company's 2010 sales reached 667 million yuan , the products have been exported to over 60 countries and regions, in local companies, sales ranked first.
Meanwhile, the company is one of the UPS industry, the industry standard-setter, a number of new standards for the industry to participate in the preparation and development work , with some industry say. Kstar first half operating income of 426,318,700 yuan , an increase of 60.60% , net profit of 37.7517 million yuan , an increase of 4.73% , profit growth is much lower than revenue growth . Although the gross profit margin decreased from 31.15% in mid-2010 to mid-2011 's 23.67 percent . But the agency believes that in the second half , with the adjustment of product structure and the company UPS callback raw material prices , gross margin is expected to steadily.
Meanwhile, the agency believes the huge potential of the company PV inverter performance . PV inverters in the secondhalf is expected to start contributing profits. The company currently has production 1.5K-500K full range of solar inverter products , the report period, the Company has received orders for 45 MW of inverter products . Half of PV inverters for the company contribution to operating income of 3,917,800 yuan , gross margin reached 38.77% , net profit -342.04 million. With the expansion of production scale, promising gross margin is expected to reach more than 50% . Next two years, the domestic photovoltaic inverter market capacity of about 15 million.
With the lower cost of electricity is expected to double in 2012 after the new , and the proportion is expected to further grid rapid promotion, PV inverter http://www.gridtiepowerinverteronline.com/ capacity is expected to reach 30-50 billion. Agency analysts believe that if the company can occupy the domestic market share of 10% , not considering exporting , the company is expected to receive 3-5 million in revenue in this area , a huge potential for PV inverter performance .