Han's laser: The King of achievement increases the demand of downstream

Annual net profit of up to 11,930% performance, let Han's laser (002008. SZ) became a well-deserved king of the annual report.　　However, in stark contrast to the company's performance surprise, Han's laser in the two-tier market and failed to "surprise" stick to the end. Wind statistics show that the growth of Han's laser since October only 23.52%, the rise is lower than many of the performance is far less than their own listed companies.　　December 3, the company's shares received 16.49 yuan. This is related to the reasons behind the sharp increase in the performance of Han's laser.　　It is understood that the company's net profit is not due to a large increase in product sales, but a holding subsidiary relocation and transfer of shares of the company to obtain 38.4794 million yuan and 58.5629 million yuan income. "The company's fundamentals have not changed much, the reason for this growth is the low base of the company last year, or perhaps because of this reason the market reaction was not enthusiastic after the results were released."　　"Some analysts say. Financial data show that Han's laser in 2009 earnings per share of only 0.004 yuan, and the company's first three quarterly results have exceeded expectations.　　2010 1 ~ September, the company realized operating income of 2.207 billion yuan, an increase of 64.7% per cent, the net profit attributable to the shareholders of the listed company is 322 million yuan, the increase of 476%;　　It is understood that Han's laser is one of the world's major laser processing equipment manufacturers, products include laser marking equipment, laser welding equipment, laser cutting equipment, green laser demonstration equipment, PCB (printed circuit board) laser Drilling machine, CTP laser plate printing presses, such as linear motor.　　In addition, Han's laser nearly two years through the acquisition and other ways to gradually layout new energy fields, products and business including LED packaging equipment, led packaging and application services, photovoltaic equipment, power generation systems. Among them, the company in 2009 through mergers and acquisitions into the LED industry.　　2010 first half of the LED equipment and products to achieve operating income of 174 million yuan, an increase of 33.09 times times, PCB (printed circuit board) equipment to achieve operating income of 193 million yuan, the year-on-year growth of 3 times times. "The company is to do the laser marking equipment started, optical mechatronics is its core technology, the core competitiveness lies in its light electromechanical integration of the development capacity."　　"Ping An securities researcher in the first financial daily newspaper," The financial business reporter interview, said.　　The person also believes that, although the company is constantly moving towards laser equipment outside the field of expansion, but it is not a job, such as the company now do the core of the LED equipment is also electromechanical conduction, its advantages can still be reflected.　　In fact, the reason why Han's laser is intended to expand to other areas, is largely because the company has eaten a single product before the "loss." It is understood that marking equipment is the advantage of Han's traditional laser products, 2007, Han's laser marking machine accounted for up to 47% of operating income, is the most important source of income, financial crisis, marking machine by the market impact,Have a great influence on the performance of Han's laser.　　As of the first half of 2010, marking equipment is still the single biggest business income of Han's laser, and with the continuous boom of the semiconductor industry, Han's demand for laser orders is strong. As with other companies that have increased their performance, Han's lasers have been favored by the fund. Data show that by the end of the three quarter of this year, the top ten of Han's laser circulation shareholders, the fund occupies six of them.　　Among them, Huaan small and medium growth, easy to reach the value of growth and Teda Manulife Efficiency optimization Three funds, in the three quarter also added 1 million shares, 3.6996 million shares and 2.137 million shares respectively. In addition, many institutions are optimistic about the future development of the company. Ping An securities estimated that the company 2010-2012-year earnings per share of 0.52 yuan, 0.57 yuan and 0.74 yuan.　　2011 Reasonable valuation for 30~35 times, corresponding to the stock price of 17~20 yuan, maintain a "strongly recommended" investment rating. "As long as the use of laser manufacturing in the field of heavy industry to do well, the future growth of Han's laser performance is available."　　"A brokerage analyst in the December 3 interview with this reporter said. Although the outside world is more optimistic, but Han's laser still suffered from the reduction of shareholders.　　The company recently released a notice disclosed that the November 15 to 16th close, the company's actual control Gao Yun through the Shenzhen Stock Exchange bulk trading system shares 14 million shares, accounting for the company's total equity of 2.01%. Public information shows that the Gao Yun reduction of the average price of 16.15 yuan/share, set is now about 226 million yuan. After the reduction, Gao Yun still holds 91.5464 million shares of the company, accounting for 13.15% of the company's total equity.