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【日信证券】安泰集团(600408):年报点评

日信證券 ·  Feb 19, 2008 00:00  · Researches

1. As the boom in the coking and steel industry continues to rise, the company's profit level in 2007 increased significantly compared to the previous year. Operating income, net profit and earnings per share increased by 40.64%, 53.77% and 42.11%, respectively; 2. The company's 2008 and 2009 coke are expected to increase by 46.10% and 30.43%, respectively, over the previous year's production. The production capacity and output of pig iron in 2008 and 2009 are consistent with 2007; 3. It is expected that coal and coke prices will continue to rise in 2008 and 2009; global and domestic steel demand will continue to rise; global and domestic steel demand Strong. It is expected that China's pig iron and iron ore prices will continue to rise in the next 2 years; 4. Without considering the impact of the special agreement on the acquisition of Xintai Steel's shares on the company's performance, the company's earnings per share in 2008 and 2009 are expected to be 0.80 yuan and 1.03 yuan respectively (the impact on total share capital after the company's transfer and allotment of shares has not been taken into account in the calculation); 5. According to the special agreement between the company and Antai Holdings to acquire Xintai Steel shares, it is expected that the company's earnings per share will increase by 0.14 yuan per share in 2008.

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