CSG a draws up 4 billion yuan for solar energy and energy-saving glass

NetEase Finance January 18, South Glass a evening issued a notice that the company intends to non-public issues of shares in the number of not more than 250 million shares, the issue of the reserve price of 17.88 yuan/share, the total amount of funds proposed to raise not more than 4 billion yuan.　　The announcement indicated that CSG A's non-public offering will be used for the TCO film Glass Expansion Project, the wafer expansion project, solar cell and component expansion projects, and energy-saving glass projects. CSG a said that after the completion of the fund-raising project investment, in the photovoltaic solar energy industry, the company will realize from the silicon wafer to the battery and component 1GW industry supporting and operating capabilities, to become the industry coverage of a complete industrial chain, with the impact of suppliers; At the same time,　　The company will further consolidate its leading position in the national glass deep-processing industry, make the company's products to the Central China public building and residential market further in-depth, expand market share, improve the company's deep-processing Glass East, west, south, north, the region's rational layout, further enhance the brand influence. Guotai's analysis document points out that CSG a plans to earn more than 20 billion in the next 3 years (around 5.3 billion in 09), Fine Glass hope about 3.5 billion (09 450 million), flat glass 4 billion or so (09 around 3.1 billion), engineering glass 3 billion (09 1.9 billion), solar PV 10 billion or so (09 140 million). If the company project completed on schedule, the company's growth will be on a new level, fully reflect the management is determined to do a good job. Keep the company's long-term bullish.　　2010-2011 EPS0.68, 0.94 yuan, overweight rating. CSG A is expected to be the parent company in 2010, the net profit of about 1.457 billion yuan, an increase of about 75%, the basic earnings per share of about 0.7 yuan.　　For the substantial increase in performance, CSG a said, mainly because of the company's overall operating conditions, especially the flat glass industry and fine glass industry performance significantly increased, the solar energy industry profit level significantly increased. As of January 17, the closing date of the suspension, CSG a reported 16.91 yuan, down 4.19%.