Main points of investment
The company is the only listed company in the air park category in Beijing area. The project reserve of the company characterized by science and technology enterprises is located in the core area of Beijing, close to the Capital International Airport. It is one of the six key high-end industrial functional areas in Beijing. The initial planning area is about 56 square kilometers, and the park is dominated by high-tech enterprises.
At present, the company is mainly engaged in construction and primary and secondary real estate development. the total unsold land area of the company's cooperative industrial park is about 3900 mu, benefiting from the adjustment of land development policy in Beijing area. profit margin is expected to increase from 8% to 12%. Secondary development business, the company's project reserve is located in Shunyi District, Beijing, with a construction area of about 220,000 square meters, benefiting from the expected rising price of Line 15.
With the acceleration of the integration of Beijing, Tianjin and Hebei and the eastward movement of the Beijing municipal government, the company's construction industry is expected to grow rapidly in the future.
The company will definitely increase the introduction of CDC Finance to help the future development.
With outstanding financial strength and rich business network, CDB has the largest shed reform fund in the country, and many investment mergers and acquisitions often represent the guidance of national industrial planning. At present, Guokai Finance has become the second largest shareholder of the company, with a shareholding of 16%. It is expected that the future development of the company will take full advantage of the strong shareholder background of Guokai Finance to open the road of great-leap-forward development.
Venture capital business has become the mainstream development direction of park enterprises.
At present, venture capital business has become the standard for park enterprises. Relying on the active atmosphere of innovation and entrepreneurship in Beijing and many fast-growing science and technology enterprises, it is expected that the company will have a bright future in the field of venture capital.
Profit forecast and valuation
Based on the valuation of the company's existing business, and assuming that the company's major shareholders and CDF fully support the company's development, the company's existing business is growing steadily. It is estimated that the company's EPS will be 0.12,0.25,0.39 yuan per share from 2016 to 2018.
Risk hint
The reserve of first-level development projects is scarce, the pace of development is slow, and the investment in innovation falls short of expectations.
