Zhuhai Port pre-increase 70%~120%

Due to two investment gains were confirmed, Zhuhai Port (000507, closing price of 12.63 yuan) results in a significant increase.　　Today (January 4), the Zhuhai Port announced that the company is expected to achieve a net profit of 170 million Yuan ~2.18 billion in 2010, compared with the 98.73 million yuan net profit of the same period last year, growth 70%~120%. Zhuhai Port said that the main reason for the substantial increase in performance is: The company shares 15% of the Zhuhai bi-chemical industry in 2009 to implement the distribution of profits, the company by the proportion of shares to confirm the investment income of 93.1329 million yuan; the company shares 18.18% of the Guang-Zhu Power generation company to the 2009 profit allocation, The company shares a share of investment income of 123 million yuan.　　The above two investments confirmed the 217 million Yuan gain. In addition, the Zhuhai port also announced that the company and Shenhua Group, Guangdong Electric Group will fund the formation of joint ventures, in the Zhuhai Gaolan Port South Water operation area of the north side to jointly invest in the development, construction and operation of coal terminals and supporting yards.　　The shareholding structure of the joint venture company is the Shenhua group share ratio 40%, the Guangdong Electric Power group occupies the share ratio 30%, the company occupies the share ratio 30%. It is reported that the project total investment of about 4 billion yuan, the planning and construction of 100,000 tons of coal unloading berth 2, 1 to 50,000 tons of coal loading berth several, annual throughput capacity of more than 40 million tons. and supporting the construction of large capacity yards and railway lines and other professional facilities.　　Zhuhai Port said that the agreement on the company's 2011 financial situation, operating results do not constitute a major impact on the company's future year to be the impact of the project to be a near-step demonstration analysis. China Merchants Securities believe that Zhuhai port is currently in a transitional period, relying on Zhuhai's "port city" strategy and the construction of Zhuhai Gaolan Port, the company will be transformed from the three strategic positioning of "Port logistics real estate developers, port logistics operators and power energy investors" by the original non-main industry under the state of investment income. The company's share price is expected to double.