The company's stock trading has been suspended since September 27, 2007. At that time, the stock price of 72.05 yuan was already overvalued to a certain extent. Moreover, when trading was suspended, it was basically the highest point of increase in the A-share market since 2006. Since then, the A-share market has continued to decline. Compared with September, the Shanghai and Shenzhen 300 has now fallen by 38.9%. Therefore, after the resumption of trading of Hongda shares, there is plenty of room for the stock price to decline. Considering the contribution of Jinding Zinc after the second phase was put into operation, according to the dynamic price-earnings ratio of 20x in 2009, we believe that the reasonable stock price of Hongda shares after completion of the additional issuance of Hongda shares should be 34.2 yuan.
【安信证券】宏达股份(600331)：拟收购部分金鼎锌业股权
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