The electronic process industry has a huge market space in the future. You don't have to look for gold to get rich. Providing services to gold prospectors can also create great wealth. The modern version of the story of selling water really takes place in the electronic process industry. The electronic process plan is beneficial for electronic manufacturing enterprises to improve the efficiency of manufacturing links, reduce production costs and improve product quality, so as to enhance the competitiveness of electronic manufacturing enterprises; at the same time, the electronic process plan is very important for electronic manufacturing enterprises to improve production efficiency and realize lean manufacturing, which is the beginning of the road to a powerful manufacturing country in China. In the future, the electronic process industry will maintain a growth rate of about 14%, and the market size will reach 808 billion yuan by 2011. at present, the company's annual operating income is less than 400 million, and the future market space is huge.
The company is the leader in the electronic process industry. With the rapid development of the electronics industry, the company has transformed from a monopoly store of electronic tools to a service provider of electronic process system solutions to achieve the sales of related electronic process products by providing electronic process solutions. In the future, the company's process solutions may be charged separately, which will become the profit growth point of the company in the future. With the advantages of technology, product variety, talent, research and development, customers, marketing network, production and so on, the company has become the most powerful electronic process supplier in China, compared with foreign enterprises, the company's advantage lies in that its products and services are closer to local customers. At the same time, the company has provided services for leading enterprises in various industries, successfully doing business on the shoulders of giants, and growing up with the growth of customers.
The fund-raising project will expand the company's operation scale and enhance the company's competitiveness. The implementation of the new marketing network and logistics distribution center construction project will optimize the company's marketing network layout and enhance the company's rapid response capability and service quality; the new Asia electronic process technology center project can improve the research and development environment of process technology, train more process and technical personnel to ensure that the needs of downstream customer electronic manufacturing enterprises can be met. This investment project will expand the company's operation scale, improve the company's R & D level and comprehensive quality, improve the efficiency of technological innovation, ensure the company's sustainable growth and long-term competitive advantage, and strengthen the company's ability to serve customers. so as to enhance the market competitiveness of the company.
We estimate that the EPS of the company from 2010 to 2012 will be 0.51,0.80,1.11 yuan respectively. Combined with the growth of the company and the valuation level of the small and medium-sized board, the company is given 40-45 times PE in 2010, corresponding to a reasonable valuation range of 20.4-23.0 yuan.
Risk factors: companies may have risks affected by economic cycle fluctuations and inventory price decline risk.