Thanks to the rapid growth of the elevator business and the stimulation of LED orders, the share of Guangri shares doubled last year, but the company's share price has continued to adjust this year. At the 2013 Shareholders' Meeting held recently, the company said that its elevator business is still expected to continue to grow steadily. First-line workers told reporters that some of the elevator parts production lines are basically running at full capacity. In addition, the fast-volume LED business of orders in 2013 confirmed over 200 million yuan in revenue, but has not yet paid back.
Stock price has fallen back since February
In 2012, after the steel assets of Guangzhou Iron and Steel Co., Ltd. were placed and placed in the elevator business of Guangri Group, *ST Guangzhou Steel became a subsidiary of Guangri. After the asset exchanges, the profitability of assets placed last year was gradually reflected. The annual report shows that the company achieved a net profit of 860 million yuan attributable to shareholders of listed companies in 2013, a year-on-year increase of 97.82%. The elevator business realized operating income of 1.178 billion yuan, an increase of 40.29% over the previous year. The company's elevator orders and shipments grew by more than 30% last year, higher than the industry average. The installation maintenance, parts and logistics services related to the whole machine also ushered in continuous growth. The emerging business orders represented by LEDs have concentrated volume, and confirmed revenue of 232 million yuan last year.
The performance growth is also reflected in the stock price. Last year, the shares of Guangri once rose from the highest in the vicinity of 6 yuan to 16 yuan, an increase of more than 150%. The annual report shows that the company has also received attention from many organizations and has become a new institution. However, since the beginning of this year, especially after February, the company's share price has started to fall back to a high level, and once fell back to around 10 yuan.
At the recent general meeting of the company, Cai Zhiwen, the company's director-general, told the Yangcheng Evening News reporter that the company is still expected to maintain steady growth in the elevator business this year. At present, the company is deploying marketing and after-sales networks, and the demand for elevator renovation and transformation will be given. The company has a positive impact. In the elevator production line of the second phase of the company's industrial park, a frontline worker told reporters that the current operation is indeed quite tight. "The staff is basically two shifts. The automatic elevator door production line is almost 24 hours except for workers' meals and rest time. But there will be a day to check the machine every week."
LED business has not returned to the hidden worry?
However, the LED business, which has received much attention from the market, has hidden hidden concerns.
Last year's annual report showed that the LED business became the company's new performance growth point, contributing revenue of 232 million yuan, and the annual contract amount increased from 100 million yuan in 2012 to nearly 1 billion yuan in 2013. However, its 2013 annual report shows that the LED business has a large amount of receivables and prepayments. For example, the company's long-term receivables reached 203 million yuan, mainly providing LED long-term receivables for the environmental protection and energy-saving renovation project of downtown Liupanshui.
On March 1, 2013, the company announced that it won the bid for the 798 million yuan Liupanshui urban lighting and beautification project. In addition, the company has another receivable of RMB 90 million and an advance payment of RMB 195 million, all related to the Liupanshui project. Cai Zhiwen, the company's director-general, confirmed to the Yangcheng Evening News reporter that so far the project has not been repaid, and the probability of returning money in the first half of this year is not large. However, it said: "The project contract has a repayment amount and time according to the stage, and there should be a refund in the second half of the year."
Another LED listed company in Guangdong pointed out that LED sales mainly use direct product sales and contract energy management models, and cash flow generally does not have much problem. “Like Guangri shares may follow the BOT model, according to the specific contract terms of the project. To confirm the income and payment, but a large state-owned enterprise like Guangri shares should not have much problem."
For the future development of the LED business, Guangri shares said in the previous institutional research activities that the LED business is related to the elevator process business, which was developed by doing elevator car lighting. "The company's high-power products are in the industry. I have done a good job and obtained a lot of professional certifications. Therefore, as a company's advantageous industry, I hope to continue to do a good job in the future." At the same time, "there will be some investment in the funds, but the company's funds will still be comprehensively evaluated, focusing on the growth of overall income and better return on investment."
Stock price has fallen back since February
In 2012, after the steel assets of Guangzhou Iron and Steel Co., Ltd. were placed and placed in the elevator business of Guangri Group, *ST Guangzhou Steel became a subsidiary of Guangri. After the asset exchanges, the profitability of assets placed last year was gradually reflected. The annual report shows that the company achieved a net profit of 860 million yuan attributable to shareholders of listed companies in 2013, a year-on-year increase of 97.82%. The elevator business realized operating income of 1.178 billion yuan, an increase of 40.29% over the previous year. The company's elevator orders and shipments grew by more than 30% last year, higher than the industry average. The installation maintenance, parts and logistics services related to the whole machine also ushered in continuous growth. The emerging business orders represented by LEDs have concentrated volume, and confirmed revenue of 232 million yuan last year.
The performance growth is also reflected in the stock price. Last year, the shares of Guangri once rose from the highest in the vicinity of 6 yuan to 16 yuan, an increase of more than 150%. The annual report shows that the company has also received attention from many organizations and has become a new institution. However, since the beginning of this year, especially after February, the company's share price has started to fall back to a high level, and once fell back to around 10 yuan.
At the recent general meeting of the company, Cai Zhiwen, the company's director-general, told the Yangcheng Evening News reporter that the company is still expected to maintain steady growth in the elevator business this year. At present, the company is deploying marketing and after-sales networks, and the demand for elevator renovation and transformation will be given. The company has a positive impact. In the elevator production line of the second phase of the company's industrial park, a frontline worker told reporters that the current operation is indeed quite tight. "The staff is basically two shifts. The automatic elevator door production line is almost 24 hours except for workers' meals and rest time. But there will be a day to check the machine every week."
LED business has not returned to the hidden worry?
However, the LED business, which has received much attention from the market, has hidden hidden concerns.
Last year's annual report showed that the LED business became the company's new performance growth point, contributing revenue of 232 million yuan, and the annual contract amount increased from 100 million yuan in 2012 to nearly 1 billion yuan in 2013. However, its 2013 annual report shows that the LED business has a large amount of receivables and prepayments. For example, the company's long-term receivables reached 203 million yuan, mainly providing LED long-term receivables for the environmental protection and energy-saving renovation project of downtown Liupanshui.
On March 1, 2013, the company announced that it won the bid for the 798 million yuan Liupanshui urban lighting and beautification project. In addition, the company has another receivable of RMB 90 million and an advance payment of RMB 195 million, all related to the Liupanshui project. Cai Zhiwen, the company's director-general, confirmed to the Yangcheng Evening News reporter that so far the project has not been repaid, and the probability of returning money in the first half of this year is not large. However, it said: "The project contract has a repayment amount and time according to the stage, and there should be a refund in the second half of the year."
Another LED listed company in Guangdong pointed out that LED sales mainly use direct product sales and contract energy management models, and cash flow generally does not have much problem. “Like Guangri shares may follow the BOT model, according to the specific contract terms of the project. To confirm the income and payment, but a large state-owned enterprise like Guangri shares should not have much problem."
For the future development of the LED business, Guangri shares said in the previous institutional research activities that the LED business is related to the elevator process business, which was developed by doing elevator car lighting. "The company's high-power products are in the industry. I have done a good job and obtained a lot of professional certifications. Therefore, as a company's advantageous industry, I hope to continue to do a good job in the future." At the same time, "there will be some investment in the funds, but the company's funds will still be comprehensively evaluated, focusing on the growth of overall income and better return on investment."
Usb-C To Lightning Cables,Pd Charger Cable,Fireproof Braided Charger Cable,Pd Fast Charger Cable For Apple Devices
Dongguan Pinji Electronic Technology Limited , https://www.iquaxusb4cable.com