Chuan da Zhi Sheng: will fully benefit the market expansion of intelligent transportation products

In the Zhi Sheng (002253).　　SZ) is undoubtedly one of the 2009 's Daniel Stock, from November 2008 to this April, the company's share price rose nearly 380%.　　"Daughter difficult to buy cattle back", the recent company share price with the market adjustment, and now back to the line near the year, and there is a steady trend of decline. Cattle stocks behind the upgrading of an industry-security industry.　　With the advent of the Internet of things, the security system based on the Internet of things has become an inevitable trend, in which traffic due to the large flow of people, a wide range of impact, one of the most important aspects of security.　　Relying on the Sichuan University computer Science department image established by the Sichuan Wisdom wins, focused on aviation control products and ground traffic management products, security system upgrades are one of the main beneficiary companies. China Securities industry analyst, said in an interview with the first financial daily newspaper, "The boom started at the end of 2008, mainly related to large orders, due to the air management system bidding, localization and other news stimulation, the company's share price soared." Recent stock price volatility is more affected by systemic risk, and June 28, the company's 7.488 million shares of restricted shares of the ban has nothing to do.　　"The company's annual report shows that the company's ground transport products to achieve revenue of 61.15 million yuan in 2009, accounting for 48.27% of the main business, aviation control products contribute 48.67 million yuan, accounting for 38.43% of the main business."　　It is understood that the company's transportation products are mainly Intelligent vehicle Identification System, Image analyzer, video monitoring system, can effectively track and monitor road crime incidents, and timely take appropriate measures. China analysis, with Beijing, Shenzhen as the representative of the city announced early this year, the Urban Intelligent Transportation Investment Plan, the intelligent transportation market demand is relatively large.　　If 2010 Beijing will start construction of the intelligent Traffic Management system three project, the total investment of 1.4 billion yuan, plans to the existing road within the five-ring comprehensive coverage from 30% to 70%. Aviation control business, the Sichuan-won business advantage is also quite obvious, it is learned that the company's air tube radar simulator and program control simulator products accounted for more than 95% of the domestic market, is the only one can provide independent intellectual property rights of the airport tower scene simulator supplier.　　In addition, the company will benefit from the background of the policy trend of domestic aviation equipment. China told reporters: "From the first 5 months of this year, the domestic air transport industry fixed asset investment growth significantly accelerated, an increase of 54.4% per cent, according to the beginning of the Civil Aviation Work Conference in 2010, China Civil Aviation has 25 key projects, the airport is expected to be completed at the end of 8 new airport. China also pointed out: "Investment in the company can also pay attention to low altitude open (refers to open 3000 meters below the low, 8000 meters above the altitude is still left to professional pilots), when can become a reality, this will be a big positive for the company." "It is reported that the opening of the low altitude is a hot topic in recent years, market expectations are getting closer." "China bought 18 private jets in 2009, while 20More than 20 private jets have been bought since 10.　　"Once the low level is open, it is bound to bring about explosive growth in the air management industry." Dongxing Securities computer industry analyst Wang Yuquan that the company signed a contract amount of 191 million yuan in 2009, more than 90.8 million yuan in 2008 more than one time, of which the air pipe products to obtain orders 120 million yuan, an increase of 287%; ground transportation products get orders 61.53 million yuan, Grew by 105.2%.　　As a result of the company's 2009 annual income of only 126 million yuan, plus 2009 part of the revenue from the 2008 contract, the estimated company 2009 delivery order will be more than 100 million yuan, which is enough to ensure the company's 2010 years of rapid growth in performance. And the Sichuan-Won intelligent transportation competition relationship between the listed companies are mainly billion-yang communications (600289. SH), Technology development (002401. SZ) and so on. of which billion-yang communications shares up to 500 million shares, the company's high gross profit margin, but the intelligent transportation business only accounts for 33% of the company's main business. And the exchange of technology development on the contrary, the circulation of shares only 10 million shares, intelligent transportation system integration accounted for the company's main business income of 90%, but the company's gross margin is relatively low-only 16%.　　33.75 million shares of the Chuan-chi-sheng, gross profit margin of 32%, is relatively pure, and the market value of small security unit. And a quarterly show, the company's top ten circulating stock shareholders have a number of funds have entered, at the same time the company's number of shareholders also significantly reduced.　　Since the end of last year, 6519 households fell to 4934 households, the chain reduction of 24%. Risk tip: The company's air traffic control system order confirmation cycle is relatively long, 2010 interim report results may not immediately reflect the actual growth of the company's business.