The leader in the subdivision field of auto parts. The automobile industry has a long chain and complex and diverse products. the company is the leader of heat exchangers and the solution of car body heat exchange system, which is in line with the development direction of lightweight and new energy vehicles, and will maintain growth and stable profits in the future.
Make a positive layout and seek transformation. The company actively expands its diversification strategy by taking a stake in Guangxi Warner and entering the cultural and performing arts industry, including large-scale science fiction projects such as "Dinosaur" and "impression". Shajiabang "Anti-Japanese War theme performance project."
The company's financial health, stable performance, there is still transformation and expansion potential and motivation. Dual masters have been formed, but the company has healthy financial affairs, extremely low asset-liability ratio, abundant cash on hand, and great potential for continuous transformation and expansion in the future.
Profit forecast and investment advice: the market has experienced deleveraging adjustment, market style preference for low valuation and high growth; listed companies to seek future equity appreciation, need more mergers and acquisitions and new business development. The company actively develops and adheres to the diversification strategy. at the same time, the company has excellent financial performance and has the potential for continuous expansion in the future. Continuous new energy vehicle industry layout events, automobile lightweight, cultural industry development opportunities and so on will steadily push up the company's market value. It is predicted that the EPS of the company from 2015 to 2017 will be 0.67,1.16,1.50 yuan respectively, corresponding to the closing price PE of 113,65 and 50 times respectively on July 23, 2015. The target price is 100yuan, corresponding to 150x PE in 2015, with a "buy rating".
Risk hint. Competition in the heat exchanger market has intensified. The auto industry is in the doldrums The progress of cultural industry is slow.
