31 Heavy Industry: three quarterly reviews

Event: The financial Department of the 31 Heavy Industry Co., Ltd. preliminary calculation, is expected 2010 1-September to achieve the ownership of the parent company of the net profit of about 4.315 billion yuan-4.556 billion yuan (has been under the same control enterprises to consolidate the relevant provisions of the corresponding retroactive adjustment, the same below) and the same period (1.978 billion　　In contrast to the 118%-130% increase, detailed financial data will be disclosed in the company's 2010 three quarterly report. Analysis: 1. The company is the domestic concrete machinery leading enterprise, the product includes the towed concrete conveying pump, the concrete transportation pump vehicle, the hydraulic vibratory roller, the paver, the excavator, the grader and so on, the main product concrete pump 05 domestic market share up to 59%, the towing pump also reaches about 50%, Continue to maintain the domestic first brand status, the domestic market share is the first.　　The company has been rated as the first comprehensive competitiveness of China's construction machinery industry.　　2. Three quarterly performance is mainly due to the main product market demand increases, market share increase, sales and profit significantly exceed expectations. 3. It is estimated that the company 2010, 2011, 2012 earnings per share of 1.98 yuan, 2.49 yuan, 2.97 yuan, corresponding to the P/E ratio of 18 times times, 14 times times, 12 times times, the valuation is more reasonable. (Sanda)