In the first half results in line with expectations, several factors have led to lower profitability.
First-half operating income of 27.871 billion yuan, total profit of 2.249 billion yuan, net profit of 1.983 billion yuan,glue stick respectively, compared with the same period last year down 3.96%, 21.53% and 14.96%, earnings per share were 0.11 yuan, in line with our expectations.
... We survey the recent investment advice XJ Electric (000400) with an exchange of assets into the company, State Grid acquisition and production operations.
Do not take into account the assets to be injected into our forecast XJ Electric 09,10 annual operating income of 2.68 billion yuan,glue stick respectively, and 2.94 billion yuan net profit of 179 million and 202 million earnings per share were 0.47 yuan and 0.53 yuan. We expect the assets to be injected to achieve equity in net profit of 09,10 186 million and 197 million calculated according to the new capital of 120 million of assets into consideration after the XJ Electric 09,10 earnings per share reached 0.73 yuan, respectively, and corresponding to 0.80 per current share price earnings ratio of 33 times and 30 times. glue gun Given China's XJ Group EPRI on the possible acquisition and subsequent integration of further asset to the national grid may be in the White business, management, regulatory and other changes to bring about large XJ Electric we give the "recommended" investment rating.
Company is currently the largest production scale, product specifications and the most abundant family of amorphous alloy transformer manufacturer, glue stick last year developed a wind and solar energy for the amorphous alloy transformer, the main venue for the World Expo in Shanghai and the China Pavilion of the company that installed using type transformers, glue gun reached the international advanced level.
...European Commission (European Commission) 7 days in the grounds of monopoly power transformer market 6 companies out of total 6,760 million euros in fines.
Swiss company ABB (ABB Ltd.), The French Areva (Areva SA) and Alstom (Alstom SA), Japan's Fuji Electric (Fuji Electrics Co Ltd.),glue stick Hitachi (Hitachi Ltd.) And Toshiba (Toshiba Corp.) market share was accused of an oral agreement, undertake not to enter each other's markets. 7 to determine the establishment of the European Union charges, so the European and Japanese manufacturers of transformers will be punished.
...The world's largest diversified company General Electric, announced here on the 18th in a series of new initiatives to expand operations in Guangdong, including cooperation with local research institutions to develop new energy technologies, the establishment of the first in China and the establishment of regional procurement center of South China Headquarters .
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Recently, AMT Consulting successfully signed the Shanghai Electric Group Finance Co., Ltd., to provide financial information process management consulting services.
The cooperation is aimed at the overall planning process of the Shanghai Electric Group financial information management system construction,glue stick and specific guidance in 2009 the building. Including centralized management of capital account, capital program management, focus on foreign exchange management, financial analysis of company targets.
Dongfang Electric (Wuhan) Co., Ltd. recently nuclear weapons re-signed with the nuclear power equipment order super-heavy machine tools CKX5363A-95/160. The device unit price of 3,000 yuan.
CKX5363A-95/160-type excess nuclear power reactor for the manufacture of machine tools within the main core component "basket" cylinder, the device is located in the reactor core, glue stick requiring extremely high precision. Mo re specifically developed for this CKX5363A-95/160 machine tools, precision machining, the error can be controlled in one-tenth the diameter of human hair or less.
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Zhuzhou CSR Times Electric Co., Ltd. held the second session of the General Assembly supplier, Secom Telecom Vice President Mr. Zeng Jiang and his party were invited to attend this session three.
Times Electric for many years as a partner, Secom Telecom because of the good product quality and excellent technical service capabilities and by the customer trust,glue stick so as to establish long-term stable cooperative relations in the era of the first electrical 2009 supplier conference held in Shang Shi Qiang was named 2008 "Outstanding Supplier."
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Climate anomalies led to the Mekong River Basin in southwest China and the severe drought in the State, in the April 2 to 5, the Mekong River Commission since 1995 held its first summit since the establishment.
Mekong River flows through Myanmar, Laos, Thailand,glue stick Cambodia and Vietnam the five countries, including Cambodia, Laos, Myanmar and the three countries, the hydropower projects can be said that the most important investment in the capital.
...The morning of March 7 to commemorate the "three ? Eight" 100th anniversary of International Women's Day Conference held in Beijing's Great Hall. Party and state leaders Hu Jintao, Wu Bangguo, Wen Jiabao, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang, Zhou Yongkang attended the meeting.
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