China South car volume rose 7.6%

NetEase Financial November 5 News China South car afternoon suddenly pulled up, the impact of the trading, the end of the closing newspaper 7.03 Yuan, or 7.66%, turnover of more than 1.1 billion yuan. China Southern Car is currently holding orders up to 94.041 billion yuan, including EMU, locomotive, urban rail subway, up to 52%, 21%, 17%, the report said yesterday. Adequate orders provide a guarantee for subsequent growth. We are optimistic about the company's EMU, locomotives, urban rail subway, the new industry's four major business sectors of the future growth potential. With the maturing of Chinese manufacturing, it is the trend for the South bus to move overseas. At present, the South car export products from the accessories, trucks, buses extended to light rail, locomotives and other high-end products, the future EMU will also go abroad.　　The future development of overseas markets will also become the driving force for the rapid growth of the company. China Southern Car full use of its own technology to expand the industry, including electric vehicles, wind power, engineering machinery, etc., the company in the subdivision plate has a strong technical advantages, 2010 years ago, the three quarter of the new industry to achieve revenue 6.585 billion yuan, an increase of 95.88%, is expected in the new industry plate 2012, 2015 is expected to reach 18 billion, 30 billion of the income scale.　　In addition, the management costs accounted for a decline in the overall gross profit margin further enhanced. The report said that China South car forecast 2010, 2011, 2012 earnings per share of 0.25, 0.36, 0.46 yuan, the target price of 7.5 yuan. Maintain the buying rating.