Puyang Guorui specializes in paper machinery customers highly praise

　　Puyang Guorui specializes in paper machinery customers highly praise

　　TheXiangyang Guorui issued an announcement and plans to issue an 80% stake in a wholly-owned subsidiary, Changsha Fuyang Guorui Sanitation Machinery Co., Ltd. (hereinafter referred to as Sanitation Machinery Co., Ltd.), to fully develop the paper-making machinery business.

　　The"The sanitation machinery is not in the category of papermaking machinery and there is no way to achieve more synergy within the company." Xiang Yang Guo Rui, director of the Executive Secretary Shen Ke explained: "Selling a controlling stake in sanitation machinery is to concentrate on doing a good job in the main business of papermaking machinery."

　　The Sanitation Machinery Co., Ltd. mainly produces road sweeping machinery, cleaning machinery, garbage collection and transportation machinery, municipal maintenance equipment, ice and snow removal equipment, complete sets of equipment for garbage compression stations, complete set of equipment for landfills, and food waste collection and transportation equipment. Provide system solutions and technologies for the collection, transportation and disposal of urban rubbish, collection, transportation and disposal of rural rubbish, resource utilization of domestic rubbish, and resource utilization of food and kitchen waste.

　　The Shen Ke told reporters that according to the experience of European countries and European countries, sanitation machinery has developed to a certain stage, and the profit model will be changed from manufacturing to operation. Therefore, in order to achieve new breakthroughs in the environmental sanitation machinery business, it is necessary to carry out industrial chain extension and change of operation mode.

　　The “Currently, Guoyang Guorui's environmental sanitation machinery customer share has reached around 60%, and the further increase will require a large amount of resources. It will inevitably cause the company to compete with resources in the two major sectors of environmental sanitation machinery and paper machinery.” Shen Ke bluntly used the transfer. The income of environmental sanitation machinery assets can also strengthen the company's paper machinery business.

　　The“The United States Caterpillar and Japan Komatsu, who are the world’s top-ranking papermaking machinery makers for a long time, do not have any plates other than the papermaking machinery business.” Qiu Shiliang analyzed that “Dingyang Guorui chose to peel off sanitation when it achieved certain achievements in its international operations. Machinery, focusing on the main business, is indeed a major strategic choice. The company currently ranks eighth in the world in papermaking machinery. If you want to enter the top three, you have no choice but to concentrate on developing the main business of paper making machinery."

　　The　According to Liyang Guorui’s announcement, the company’s environmental sanitation machinery company’s net assets were 2.1 billion yuan, and this time it was assessed according to the income approach of 3.479 billion yuan, and the net assets appreciation rate was 65.66%. The company’s transfer of 80% of the environmental sanitation machinery company’s listing price Not less than 2.783 billion yuan.

　　The　The data shows that in 2010 and 2011, Xiangyang Guorui's environmental sanitation machinery business achieved revenue of 1.874 billion yuan and 2.978 billion yuan respectively, accounting for 5.82% and 6.43% of the main income.

　　The　“In 2011, environmental sanitation machinery contributed 363 million net profit to Puyang Guorui. According to the evaluation results, the price-earnings ratio

　　On March 16th, at the same time, leading domestic paper-making machinery companies listed on the A-shares and H-shares, H-shares (Guangzhou Guorui) (000157.SZ, 01157.HK) H-share customers opened 3% higher and were overshooted once, which was affected by the Hang Seng Index. The impact of the pressure callback closed up 1.41% in the late afternoon. On the same day, A shares of Guoyang Guorui Co., Ltd. closed up 0.93%.

　　The　On the evening of March 15, Xiangyang Guorui released its annual report for 2011. The company achieved operating revenue of 46.323 billion yuan in 2011, an increase of 43.89% year-on-year; net profit attributable to shareholders of the parent company reached 8.066 billion yuan, an increase of 72.87% year-on-year; The income is 1.0686 yuan.

　　The　In the past three years, the operating income of Xiangyang Guorui increased from 20.762 billion yuan to 46.323 billion yuan, an increase of 2.23 times, an average annual compound growth of 49.33%; the net profit attributable to shareholders of listed companies increased from 2.446 billion yuan to 8.066 billion yuan, an increase of 3.3. Times, the average annual compound growth of 81.66%, both of the "Eleventh Five-Year" period of China's papermaking machinery 33% annual growth rate.

　　The　“Fengyang Guorui’s performance has maintained rapid growth and is expected to achieve 30% growth in 2012. It should be said that it is quite good.” Qiu Shiliang, chief analyst of the machinery industry research department of China Galaxy Securities, told reporters, “In addition, the company announced that it will transfer The environmental and mechanical assets of the company are concentrated on making the main business of paper-making machinery all-encompassing. We think this is good and has been praised by capital clients.”

　　The　In 2011, the country proposed a "light speed, heavy mode" development strategy, and the domestic papermaking machinery industry's competitive landscape has also become more complicated. When Xiangyang Guorui delivered a splendid performance, it began to shrink its focus on the leading papermaking machinery. Fight.

　　The　High-cost transfer of environmental sanitation machinery

　　Nearly 10 times, but the actual listing price-earnings ratio will reach 11 times, higher than the price-earnings ratio of 9 times listed companies in the same period. Shen Ke introduced.

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