By China Galaxy Securities Co.Ltd.
- Apr 15, 2009
- Xiamen C&D Inc.
Event:
The company released 2008 annual report, according to which it realized operating revenue of Rmb33.887bn (+14.53% yoy), net profit attributable to parent of Rmb623mn (-12.38% yoy) and EPS of Rmb0.50.
Our Analysis and Estimation:
1. Commerce will enter into the adjustment.
2. Lianfa Property is expected to bottom out.
3. The company will control holdings of C&D Real Estate .......
By China Galaxy Securities Co.Ltd.
- Apr 10, 2009
- Xiamen International Trade Group Co., Ltd.
Event:
The company issued 2008 annual report; according to which, it realized operating revenue of Rmb16.820bn (-3.75% yoy), net profit attributable to parent of Rmb267mn (-16.74% yoy) and EPS of Rmb0.54.
Our Analysis and Estimation:
1. Real estate business plays an important role in performance growth in 2009-2010.
2. Financing structure will be improved.
3. Western side of economic zone .......
By China Galaxy Securities Co.Ltd.
- Apr 2, 2009
- Huaneng Power International, Inc.
Event:
The company issued 2008 annual report and convened performance promotion conference; in 2008, net profit attributable to parent suffered loss of Rmb3.7bn and EPS pegged at Rmb-0.31.
Our Analysis and Estimation
We hold relatively optimistic view on unit utility in Jiangsu and Shandong; average annual utilization hour of fire coal may reach up to 4,900 in 2009 .......
By China Galaxy Securities Co.Ltd.
- Mar 17, 2009
- China Spacesat Co., Ltd.
Event
Space satellite industrial development has been one of domestic focuses among topics during the two conferences. Issues such as development impetus in the coming two years and whether it will sustain the rapid growth as in 2008 have been the hotspots.
In 2008, the company reported business turnover of Rmb1994mn (+30.99% yoy), and net profit .......
By TX Investment Consulting Co., Ltd.
- Feb 16, 2009
- Hebei Jiantou Energy Investment Co., Ltd.
The company positions itself as an electric source integration platform of Hebei Jointo group, and its development strategy is to realize external expansion through successive acquisition of the group assets. It is predicted that the company is likely to handle its reserved projects to the listed company for follow-up investment and construction, thus the company .......
By TX Investment Consulting Co., Ltd.
- Jan 14, 2009
- Shan Dong Sun Paper Industry Joint Stock Co., Ltd.
1. Event:
The company released earning revision announcement today: Net profit attributable to parent was predicted to fall by 30%-50% compared with the same period of 2007, which was the second substantial revision after that on December 12, 2008.
2. Our Analysis and Estimation
Loss from inventory depreciation furthest eroded the performance. In the second half of 2008, .......
By TX Investment Consulting Co., Ltd.
- Nov 6, 2008
- Conglomerates
On favorable that the newly integrated China Aviation Industry Corporation will be set up on November 8, military & aviation sector experienced an over-all outburst. So far, Sichuan Chengfa Aero Science &Technology (600391) and Hafei Aviation Industry (600038) have reached their up-limit, and Xi'' An Aircraft International (000768), Sichuan Haite High-Tech (002023) and Jiangxi Hongdu .......
By TX Investment Consulting Co., Ltd.
- Oct 16, 2008
- Aerospace Hi-Tech Holding Group Co., Ltd.
From January to September of 2008, the company realized turnover of Rmb107mn (-0.1% yoy); net profit attributable to parent of Rmb0.7mn (with a loss of Rmb15.13mn compared with the same period last year); earning per diluted share was Rmb0.002.
The company mainly deals with auto electric instrument, and the gross margin is in decrease in recent .......
By TX Investment Consulting Co., Ltd.
- Aug 22, 2008
- Chengdu Urban Construction Investment & Development Co., Ltd.
For the first half of 2008, Sinolink Securities (600109) gained income of Rmb871mn, representing an increase of 13.32% yoy; net profit: Rmb506mn, soaring 41.08% yoy; net profit attributable to the parent company: Rmb506mn, rocketing 175.26% yoy; diluted EPS: Rmb1.01; net capital at the end of the period reached Rmb2.184bn, 3.45% lower than that at the .......
By TX Investment Consulting Co., Ltd.
- Jun 17, 2008
- Jilin Yatai (Group) Co., Ltd.
Cement: storage investment of Northeast China's Revitalization Plan will be released within the next two years. Rapidly driven by fixed assets investment, regional cement supply gap is large. Real estate: the company’s real estate projects are mainly concentrated in Nanjing and Changchun. Housing prices in Changchun are at the middle & low level among national .......