In the first half of 2011, Weifu Hi-Tech (000581) achieved operating revenue of 3.277 billion yuan, an increase of 23.65% year-on-year, and achieved net profit attributable to the parent company of 645 million yuan, an increase of 102.02% year-on-year and an EPS of 1.14 yuan.
Comments: In the first half of 2011, the country’s total production and sales of automobiles reached 9,156,000 units and 9,325,200 units, an increase of 2.48% and 3.35% year-on-year, of which commercial vehicles produced and sold 2,111,100 units and 2,219,900 units, representing a year-on-year decrease of 6.07% and 3.67% respectively. In the first half of the year, the company's revenue increased by 23.65%, far better than the sales growth of commercial vehicles. However, the company’s accounts receivable and bills in the first half of the year amounted to RMB 2.262 billion, an increase of 19.92% year-on-year, and the amount increased by RMB 376 million. , And the current main business income amount increased by 627 million yuan in absolute value.
In the first half of 2011, the company realized investment income of 293 million yuan, an increase of 45.41% year-on-year, of which Bosch Diesel and Zhonglian Electronics contributed investment gains of 167 million yuan and 84 million yuan respectively, an increase of 43.99% and 75.35% respectively year-on-year. The profits of Bosch Automotive Diesel and Zhonglian Electronic contributed faster growth year-on-year, but as the above two companies contribute only 28.32% and 24.05% of their total profit contribution in 2010 in the first half of 2010, through the company's operating conditions and industry Based on the analysis of sales conditions, we believe that the high growth rate of profit growth of Bosch Automobile and China United Electronics in the first half of 2011 may be due to different settlement schedules.
We expect Weifu Hi-Tech to achieve EPS of 2.41 yuan and 2.80 yuan in 2011 and 2012, respectively. In accordance with the additional issuance, EPS 2.01 yuan and 2.34 yuan will be realized in 2011 and 2012. Taking into account the company's future environmental emissions standards upgrade the company's favorable impact, we maintain the company's "overweight" rating, target price of 40.2 yuan, corresponding to 20 times PE diluted.
The ball mills are used to grind materials into extremely fine powder for use in mineral dressing processes, paints, pyrotechnics, ceramics and selective laser sintering. The materials are ground by Coriolis forces, an interaction between frictional and impact forces, as a result of difference in speeds between the balls and grinding jars.
The rolls rotate on precision bronze bearings and are simultaneously driven by a pinion stand. The roll height is adjustable independently or simultaneously through a side-wheel screw down assembly. There are entry and exit tables with adjustable guides installed on the entry table. Emergency stop bars will be installed on entry and exit of mill. In addition, all controls are in a centrally located operating station.
Rod Mill,Rod Mill For Grinding,Rod Mill Equipment,Rod Mill Machine
Shenyang Sanland Mining Equipment Manufacture Co., Ltd. , https://www.sanlandcrusher.com