According to the State Grid Corporation’s smart grid construction plan, digital substations and user-side information collection system equipment will be centralized in the next four to five years, with a total planned investment of over 100 billion yuan. The company will raise 300 million yuan to invest in smart grid automation systems and smart meter expansion projects. It is estimated that the production period will be 1.5 to 2 years, and the annual output of 100 sets of smart substation automation systems and 4.6 million smart meters will be respectively produced. ability. Judging from the current market competition pattern, we believe that the above project will contribute about 150 million yuan in net profit each year after the project is completed.
Ke Lu Electronics (SZ: 002121) latest price: 30.83 0.47 1.5% market trend company news latest announcements large single tracking of capital flows to the position of the cost of stocks early warning excellent stocks forecast Longhu list inverter has become a new force for growth. Energy-saving and emission-reduction is an important development direction in the country's 12th Five-Year Plan. The company established an inverter company at the end of 08. In 2009, it achieved a sales revenue of 5 million yuan. It is estimated that this year will achieve an inverter revenue of approximately 50 million yuan, while new orders will approach 100 million. Yuan, growing rapidly. The company's raised funds will invest 50 million yuan for inverter expansion projects. It is expected that the production period will be 2 years. After the completion of the project, an annual output of 800 sets of high and low voltage inverters will be produced to fully meet the market demand.
Supplement company cash flow and reduce the risk of capital shortage. As the main customers of the company are power industry enterprises, the payment is concentrated in the fourth quarter, and at the same time, in order to meet the needs of the State Grid for centralized bidding, the company purchases and reserves raw materials on a large scale. Therefore, there are many accounts receivable and inventory, and the cash flow recovery period is longer. At the end of the third quarter of 2010, the company's book capital was approximately RMB 100 million, accounts receivable were RMB 540 million, and inventory was RMB 360 million. The 520 million yuan raised this time will greatly reduce the company's cash flow shortage risk.
It is estimated that the company's fully diluted EPS will be 0.56 yuan, 0.91 yuan and 1.27 yuan from 2010 to 2012, and be given a "strongly recommended" rating. The company's non-public offering of 24.46 million shares will dilute about 9.2% of future earnings per share. As the company will mainly benefit from the high-speed construction cycle of smart substation and user-side information acquisition systems in the next five years, and the orders for power electronics products such as photovoltaic inverters and inverters have increased rapidly, we have given the company a “strongly recommended†rating.
Ke Lu Electronics (SZ: 002121) latest price: 30.83 0.47 1.5% market trend company news latest announcements large single tracking of capital flows to the position of the cost of stocks early warning excellent stocks forecast Longhu list inverter has become a new force for growth. Energy-saving and emission-reduction is an important development direction in the country's 12th Five-Year Plan. The company established an inverter company at the end of 08. In 2009, it achieved a sales revenue of 5 million yuan. It is estimated that this year will achieve an inverter revenue of approximately 50 million yuan, while new orders will approach 100 million. Yuan, growing rapidly. The company's raised funds will invest 50 million yuan for inverter expansion projects. It is expected that the production period will be 2 years. After the completion of the project, an annual output of 800 sets of high and low voltage inverters will be produced to fully meet the market demand.
Supplement company cash flow and reduce the risk of capital shortage. As the main customers of the company are power industry enterprises, the payment is concentrated in the fourth quarter, and at the same time, in order to meet the needs of the State Grid for centralized bidding, the company purchases and reserves raw materials on a large scale. Therefore, there are many accounts receivable and inventory, and the cash flow recovery period is longer. At the end of the third quarter of 2010, the company's book capital was approximately RMB 100 million, accounts receivable were RMB 540 million, and inventory was RMB 360 million. The 520 million yuan raised this time will greatly reduce the company's cash flow shortage risk.
It is estimated that the company's fully diluted EPS will be 0.56 yuan, 0.91 yuan and 1.27 yuan from 2010 to 2012, and be given a "strongly recommended" rating. The company's non-public offering of 24.46 million shares will dilute about 9.2% of future earnings per share. As the company will mainly benefit from the high-speed construction cycle of smart substation and user-side information acquisition systems in the next five years, and the orders for power electronics products such as photovoltaic inverters and inverters have increased rapidly, we have given the company a “strongly recommended†rating.
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