Profit forecast: In view of declining demand in the coal machine industry and the inability of coal mine sales to contribute to profits, we lowered the company's profit forecast. We estimated earnings per share for 12-14 (-20.93%), 0.41 (-44.59%), and 0.51 (-40.70%) yuan, respectively, and downgraded the company's rating to “increase holdings.” Risk factors: Coal prices continue to fall; coal mine service projects are expanding slowly.
【信达证券】山东矿机2012年半年报点评:大客户战略初见成效
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