1. The company is a professional production enterprise with product R & D and design as the core, producing and selling plastic air conditioning blades. In recent years, the company's plastic air conditioning blades products have a national market share of more than 25%. Long-term customers include Gree, Midea, Haier, Zhigao, TCL, Galanz and other domestic air conditioning giants, as well as Daijin, Panasonic, General Fujitsu, Samsung, LG, Toshiba Kelly, Mitsubishi and other foreign high-end brand air conditioning manufacturers.
2. The huge market space of air-conditioning blades brings development opportunities for the company: the plastic air-conditioning blades industry is developed with the outsourcing of air-conditioning industry. At present, the market of plastic air conditioning blades is gradually concentrated to a small number of enterprises with stable product quality, strong R & D strength, strong cost control ability and obvious scale advantages. With the steady growth of the air conditioning industry, the leading companies in the air conditioning industry represented by the company will face more and more market space.
3. The company is a large-scale enterprise with complete industrial chain. In addition to the main products, there are modified plastics and mold design and production business, with a complete "plastic modification-mold design and manufacturing-plastic air conditioning blades design and manufacturing" industry chain. It is one of the few professional plastic air conditioning blades production enterprises with comprehensive supporting capacity in the industry. Its modified plastics R & D center has the strength of research and development of wind blade raw materials, and its developed AS reinforced composite technology, general plastic AS reinforcement and flame retardant technology have reached the leading level in China.
4. The fund-raising project will help the company break through the production capacity limit. By raising funds to expand production of three production lines and one R & D center, the company will increase the production capacity of 29 million pieces to 71 million pieces on the basis of the existing 42 million pieces of production capacity in the next two to three years through the implementation of listing and fund-raising projects. after expansion, the company can significantly improve the company's market share and market bargaining power.
It is estimated that the diluted earnings per share of the company from 2012 to 2014 are 0.86yuan, 1.06yuan and 1.38yuan respectively.
Give the company about 22 times PE, according to 2012 diluted EPS0.86 yuan, the company's listing price may be 17-20 yuan.