New Technology Co., Ltd. Shenzhen, Zhou state (hereinafter referred to as the new universe state or company) is engaged in the development of new electronic chemicals, production and marketing enterprises. Its main products include chemicals and lithium capacitor two series of chemicals, specific chemicals, including aluminum electrolytic capacitors, chemicals, solid polymer capacitors, and super capacitor electrolyte and lithium-ion battery electrolytes four categories of products. Its production B121EW03 scale, product quality and technical development capabilities is leading sector in China. Our main products of the downstream industry is electrolytic capacitors, lithium-ion batteries, solid polymer capacitors and super capacitors and other electronic components manufacturing industry, the terminal including communications, electronics, energy-efficient lighting, new energy vehicles, renewable clean energy, aviation and aerospace , the national economy and national defense construction and military industry in many areas, which the state encourages, supports and priority focus on the development of new electronic materials, new energy, materials and energy saving materials and other high-tech products.
January-June 2010, operating income 223 million Yuan, up 73.03 percent; a total profit of 048 million Yuan, up 65.65 percent; the owner of the net profit attributable to parent company 042 million Yuan, up 67.41 percent; basic per Shares gain 0.39 Yuan, of which the first two quarters of basic earnings per share of 0.28 Yuan.
Zhou Bang new capacity lithium ion battery electrolyte 5 years will increase 6 times. The company now has 1,200 tons of lithium-ion battery electrolytes annual production capacity by 2009, the company the potential of mining equipment, produced 1,500 tons of lithium-ion battery electrolytes, about 15% of the domestic market share. The company is in Nantong, Huizhou, and two new projects are expected to put into operation by 2015, all companies will have production capacity of 8600 tons lithium electrolyte, compared with 6.2 times the size now, will help consolidate the company’s domestic market, the top three position.
The new universe will keep domestic electrolytic capacitors state chemical industry today. The company has 16,000 tons of electrolytic capacitors in chemicals production capacity in the domestic market share above 30%, international market share of about 2.7%, is the leading enterprise in the industry. The company will have 49,600 tons by 2015, annual LT141X7 capacity, compared with the current growth of 260%. As the market leader, the new universe state in size, development, brand, quality and services, and leadership will ensure the steady development of the company piece of business.
Chemicals and solid polymer capacitor super capacitor electrolyte and promising in the future will increase rapidly. It is worth mentioning that the new universe of independent innovation state super capacitor electrolyte mastered the main solute - quaternary ammonium salt synthesis, in the international advanced level, become the only enterprise-scale production of quaternary ammonium salt.
As the company gradually put into operation the new project, the next three years in state revenues universe will be maintained in more than 30% growth. And high value-added products in the company’s overall revenue in the proportion of the improvement will be a small margin. As a result, the company’s gross profit margin can be maintained at a high level. 2010 to 2012 earnings per share were 0.90 Yuan, 1.17 Yuan and 1.41 Yuan. Taking into account the overall valuation of the GEM and the Shanghai and Shenzhen in the current lithium-ion battery chemicals listed companies positioned to recommend new state rating, target price of 54 Yuan.
We see from the data analysis: the stock rebounded from the LP089WS1 decline stopped since the trend of healthy cell concept relative to other listed companies in the overall increase is not significant; there is a strong compensatory growth requirement. Another quick win shows that the recent capital market is still small Masukura main, indicating shock pattern is expected to continue its own run, investors due attention.