Luxin Gaoxin: ambition and ambition

The company published the resolution of the board of directors and the announcement of foreign investment today. The wholly-owned subsidiary of the company, Shandong High-tech Investment Co., Ltd., invested a total of 87.25 million yuan to subscribe for the shares of the two companies. After the completion of this investment, Gaoxin Investment will receive better investment income. Driven by this news, the stock opened higher today and rose strongly.

Investment highlights:

1. Industry leader: The company is the leader in the abrasives industry, and its leadership position and core competitiveness are outstanding. The company is at the forefront of the domestic industry in adopting new technologies, new equipment, new technologies and new product development.

2. Industry growth: With the rapid development of the industry, such as machine tools, automobiles, steel, bearings, railways, shipbuilding and aerospace, the domestic market of the abrasives industry in which the company is located will rise steadily, and the international market will The demand for industry products is strong, which has driven the growth of industry benefits, and the company will benefit from it.

3. The major shareholders fully support the development of listed companies: Luxin Group has undertaken the obligation to transfer state-owned shares of high-tech investment, reflecting the sincerity of supporting the development of listed companies. It is expected that the company will merge high-tech investment reports in the first quarter of 2010, and its performance will leap to a new level in 2010.

risk warning:

Intensified competition: Many small and medium-sized enterprises in China have hit the abrasives and abrasives market with low quality and low price. The raw materials have increased substantially, and the old state-owned enterprises have been burdened with heavy burdens, which has intensified competition among industries.

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