The annual "Central Document No. 1" has always been the focus of intense market discussions. Professor Wu Laping of the School of Economics and Management at China Agricultural University disclosed to the reporters of “Investment and Finance†that “The 2011 Document No. 1 focuses on rural water conservancy issuesâ€. According to reports, water conservancy construction has become the "Twelfth Five-Year" priority. In Article 9 of the “Twelfth Five-Year Plan†proposal, it is emphasized that “the construction of rural infrastructure should focus on water conservancyâ€. Recently, water conservancy concept stocks such as Dashui Water and Qinglong Pipe Management continued to strengthen, becoming a new bright spot in the weak market. Therefore, it is recommended to pay attention to the new shares of Jinzhou Pipeline (002443). The company is a leading company in the national pipeline manufacturing industry. Its steel-plastic compound pipe is a building water supply pipe that the state advocates for use. With the support of the national industrial policy, it is expected to usher in rapid development. development of.
The No. 1 document refers to the new opportunities for water conservancy construction pipeline faucet. The company is a leading company in the state-level pipeline manufacturing. The main products are spiral welded pipes, galvanized steel pipes, and steel-plastic composite pipes. Among them, high-grade oil and natural gas transmission steel pipes and steel-plastic composite pipes are national torch plan projects, and they are the drafting standards for steel-plastic composite pipe products industry standards, and they are the only provincial-level technology center in the pipeline industry in Zhejiang Province. "Jinzhou" brand has become the industry's first-line brand, has a higher market visibility. At the same time, the spiral welded pipes produced are mainly used for the transportation of petroleum and natural gas. They are the high-end products of spiral welded pipes. Their profit levels are higher than those of ordinary spiral welded pipes, and their bargaining power is stronger. At present, the company's annual production capacity of steel pipes is more than 1 million tons and polyolefin pipe fittings are 20,000 tons. It has established good cooperative relations with CNPC, Sinopec, CNOOC and many domestic and foreign gas companies and has first-rate customer resources. Spiral welded pipes produced by the company are widely used by long-distance pipelines such as the Central Asia natural gas pipeline, phase 1 and phase 2 of the Sino-Kazakhstan crude oil long-distance pipeline, and many natural gas pipelines in China. From 2006 to 2008, the company’s market share of galvanized steel pipe products has been in the top five, maintaining a high market share.
Prof. Wu Liping of China University of Economics and Management, recently revealed to the “Investment and Finance†reporter that the No. 1 document in 2011 focuses on rural water conservancy issues. In Article 9 of the “Twelfth Five-Year Plan†proposal, it is emphasized that “the construction of rural infrastructure should focus on water conservancyâ€. As the country accelerates the construction of infrastructure such as agriculture and water conservancy, the company’s new steel-plastic composite pipe will face enormous opportunities for market development. Steel-plastic composite pipe is a steel pipe as the base material, coating (lining) polymer material, which not only maintains the high strength and toughness of the steel pipe, but also has the characteristics of environmental protection and sanitation, no fouling, and low water resistance of the plastic pipe. It is a high-quality, The new composite pipe with high efficiency, high strength, green environmental protection and moderate price has been rapidly developed in recent years, supported by the national industrial policy and approved by customers. It is widely used in the fields of civil water supply, industrial water supply and seawater transportation. Because the manufacturing process of steel-plastic composite pipes is relatively complex and is a building water supply pipe that the country advocates for use, its profit level is relatively high. With the further promotion of the steel-plastic composite pipe, its market prospects are more promising, and it is still possible to maintain a higher profit level in the future.
Raising Investment Projects to Increase Production Capacity It is expected that the newly added revenue of 1.1 billion will be invested in the “200,000-ton high-grade oil and gas pipelines annually†project. The construction period is two years. It is expected that the project will reach 60% production capacity in the first year of operation (2011) and 80% in the second year (2012) after the completion of the construction period. It will reach 100% from the third year (2013). . After the project reaches capacity, it is expected that the annual production capacity of high-grade oil and gas pipelines will be increased by 200,000 tons, including 120,000 tons of anti-corrosion pre-finish welding spiral welded pipes and 80,000 tons of high-precision anti-corrosion high-speed straight seam resistance welded pipes. The fundraising project will, on the one hand, expand the company's production scale for steel and natural gas pipelines, and on the other hand, it will upgrade existing product levels. It is conservatively estimated that after the project is fully put into production, it can increase sales revenue by 1.1 billion yuan and increase net profit by 60 million yuan. The company said that this fundraising project will significantly increase the company's oil and natural gas pipeline steel production capacity and production and sales, help to increase market share and consolidate the company's market position in the industry and core competitiveness.
In the secondary market, the stock was listed in July of this year, and the issue price per share was 22 yuan. The current dynamic price-earnings ratio is 35.2 times. Compared with other small and medium-cap stocks, the valuation of the stock is slightly underestimated, and the investment value has obvious advantages. After a long period of turbulence and accumulation of funds, the funds were relatively well-absorbed. Even if there were deeper adjustments in the broader market today, the stock also bottomed out and recovered most of the losses. The strong characteristics were obvious. It is expected that under the support of good news, the stock is expected to break through the platform consolidation again, and then hit a new high, it is recommended to pay attention.
The No. 1 document refers to the new opportunities for water conservancy construction pipeline faucet. The company is a leading company in the state-level pipeline manufacturing. The main products are spiral welded pipes, galvanized steel pipes, and steel-plastic composite pipes. Among them, high-grade oil and natural gas transmission steel pipes and steel-plastic composite pipes are national torch plan projects, and they are the drafting standards for steel-plastic composite pipe products industry standards, and they are the only provincial-level technology center in the pipeline industry in Zhejiang Province. "Jinzhou" brand has become the industry's first-line brand, has a higher market visibility. At the same time, the spiral welded pipes produced are mainly used for the transportation of petroleum and natural gas. They are the high-end products of spiral welded pipes. Their profit levels are higher than those of ordinary spiral welded pipes, and their bargaining power is stronger. At present, the company's annual production capacity of steel pipes is more than 1 million tons and polyolefin pipe fittings are 20,000 tons. It has established good cooperative relations with CNPC, Sinopec, CNOOC and many domestic and foreign gas companies and has first-rate customer resources. Spiral welded pipes produced by the company are widely used by long-distance pipelines such as the Central Asia natural gas pipeline, phase 1 and phase 2 of the Sino-Kazakhstan crude oil long-distance pipeline, and many natural gas pipelines in China. From 2006 to 2008, the company’s market share of galvanized steel pipe products has been in the top five, maintaining a high market share.
Prof. Wu Liping of China University of Economics and Management, recently revealed to the “Investment and Finance†reporter that the No. 1 document in 2011 focuses on rural water conservancy issues. In Article 9 of the “Twelfth Five-Year Plan†proposal, it is emphasized that “the construction of rural infrastructure should focus on water conservancyâ€. As the country accelerates the construction of infrastructure such as agriculture and water conservancy, the company’s new steel-plastic composite pipe will face enormous opportunities for market development. Steel-plastic composite pipe is a steel pipe as the base material, coating (lining) polymer material, which not only maintains the high strength and toughness of the steel pipe, but also has the characteristics of environmental protection and sanitation, no fouling, and low water resistance of the plastic pipe. It is a high-quality, The new composite pipe with high efficiency, high strength, green environmental protection and moderate price has been rapidly developed in recent years, supported by the national industrial policy and approved by customers. It is widely used in the fields of civil water supply, industrial water supply and seawater transportation. Because the manufacturing process of steel-plastic composite pipes is relatively complex and is a building water supply pipe that the country advocates for use, its profit level is relatively high. With the further promotion of the steel-plastic composite pipe, its market prospects are more promising, and it is still possible to maintain a higher profit level in the future.
Raising Investment Projects to Increase Production Capacity It is expected that the newly added revenue of 1.1 billion will be invested in the “200,000-ton high-grade oil and gas pipelines annually†project. The construction period is two years. It is expected that the project will reach 60% production capacity in the first year of operation (2011) and 80% in the second year (2012) after the completion of the construction period. It will reach 100% from the third year (2013). . After the project reaches capacity, it is expected that the annual production capacity of high-grade oil and gas pipelines will be increased by 200,000 tons, including 120,000 tons of anti-corrosion pre-finish welding spiral welded pipes and 80,000 tons of high-precision anti-corrosion high-speed straight seam resistance welded pipes. The fundraising project will, on the one hand, expand the company's production scale for steel and natural gas pipelines, and on the other hand, it will upgrade existing product levels. It is conservatively estimated that after the project is fully put into production, it can increase sales revenue by 1.1 billion yuan and increase net profit by 60 million yuan. The company said that this fundraising project will significantly increase the company's oil and natural gas pipeline steel production capacity and production and sales, help to increase market share and consolidate the company's market position in the industry and core competitiveness.
In the secondary market, the stock was listed in July of this year, and the issue price per share was 22 yuan. The current dynamic price-earnings ratio is 35.2 times. Compared with other small and medium-cap stocks, the valuation of the stock is slightly underestimated, and the investment value has obvious advantages. After a long period of turbulence and accumulation of funds, the funds were relatively well-absorbed. Even if there were deeper adjustments in the broader market today, the stock also bottomed out and recovered most of the losses. The strong characteristics were obvious. It is expected that under the support of good news, the stock is expected to break through the platform consolidation again, and then hit a new high, it is recommended to pay attention.
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