China's power equipment industry is a large key and leading enterprises, covering generation, transmission, distribution, electricity and other power system links across primary and secondary equipment.
AC and DC equipment field, is the most comprehensive supporting capability,glue stick the most competitive power equipment manufacturers and system solutions provider.
Currently, the company has a listed company, two industry focal point, Institute of the two state-level testing center, the two financial institutions, eight joint venture companies. In 2008 sales revenue of 8.102 billion yuan, profits of 611 million, respectively,glue gun an increase of 11.1% and 21.8%, the highest in history. Over the years, the company has undertaken and completed a series of consecutive major national research projects of major national development and manufacture of engineering equipment, electric power companies in China and the world to create a number of equipment development in the history of the first to fill the many gaps. Major equipment products in the developed countries are widely used in key projects
According to quarterly disclosure in July of this year with China Ping An Trust EPRI framework agreement signed with the company June 30, 2009 as the base date to divest non-core business net assets after the capital increase based on the assessed value of the company in China EPRI injection, including Chongqing, Chongqing, Chongqing to Shun Tai Tai tower wire and cable company assets such as capital increase completed EPRI China, the company will own 100% equity. We believe that China's power equipment industry is still in the stage of swimming skirmishers no one company can lead the Chinese enterprises to the global and world-class national grid power equipment manufacturers to compete with its funds and resources may be able to bring to the world China's power equipment business ; National Grid took over the company, may not make the company the upper hand in bidding on; the national grid will be positioned as EPRI's industrial platform, allows the company greater room for development.
Converter valve will allow the company into the business to become the only company able to produce valves and DC converter control and protection equipment businesses. According to State Grid Corporation and China Southern Power Grid Corporation of DC in mid-project planning in China between 2009-2020 there will be 14? 00kV lines and 11? 00kV lines put into production will average 3 to 4? 00 /? 00 /? 60 DC transmission project contract amount is expected to put into operation each year 45 to 60 billion. At present, the valve can engage in business of DC converter, respectively, the company has three factories in Xi'an Rectifier XJ Electric (000400) and EPRI are expected in the future of the DC converter valve business, a 30% market share. DC control and protection business, National Grid and China Southern Power Grid previous DC business data XJ Electric bid to control an absolute advantage in the area of protection was significantly higher than the amount of bid security and competitors NR XJ Sifang expected in the future of DC electrical control and protection business account for 40% of market share.
In addition, the company developed the product - and inverters have been through the experimental commissioning phase and has already began to receive orders. The product of wind power in the fan control unit of electricity is mainly used for wind turbine power quality adjustment before the Internet was essential for wind power installations. Since 2006, China's annual growth rate of wind power installed capacity exceeds 100% of the domestic wind power equipment market is expected in the "five-second" period will maintain rapid development trend which will bring huge fan access equipment market space.
Secondary market, the stock's recent trend of robust, with good volume and price. Moreover, with the process of economic recovery gradually warmed up with the power grid company's earnings will be significantly improved. Expects the stock market outlook is still more room, we recommend investors focus on.