Li-ion battery industry Ya active participation of the recommendations of leading
Asia’s lithium battery business profit ability. The first half of 2009, Li-Ya-battery business company’s main business income accounted for 62% and 89% of main Maori, the company’s main profit source; Asia’s lithium battery with independent intellectual property rights, product performance indicators are all reached the international first-class product level, gross margins remained at 40%.
Had raised the tender will enhance the company’s competitiveness. The company had raised the tender including lithium battery production line expansion of Asia (new capacity is 18 million), lithium manganese dell Inspiron 1300 battery production line expansion (new capacity is 22 million) and the lithium battery engineering R & D center project, had raised the tender is expected to be in 2011 years up to production, when the company in the high-energy lithium battery market share business and technical level will be enhanced.
Future corporate profits are expected to maintain rapid growth. Had raised the tender through the expansion of the size of the company increased production capacity, revenue growth trend is clearly the same time-related businesses can still maintain a high level of gross margin is expected in 2009 and 10-year net profits were 0.4 billion and 053 million yuan, corresponding to EPS for the 0.46 yuan and 0.61 yuan.
Suggested active participation. We believe that the high-energy lithium dell Inspiron 1501 battery industry’s future demand for space for a huge company as the leading domestic high-energy lithium battery production enterprises, scale and technology in the industry-leading level, and as fund-raising project on stream in the next few years, revenue and earnings growth trend is good . We believe that the company as the GEM listed company, taking into account market sentiment, according to EPS0.46 yuan in 2009 fully diluted earnings of 35-40 times the valuation is more reasonable, rational inquiry interval 16.1-18.4 yuan, we recommend investors to actively participation.