Lai Bao Gao Ke (002106. SZ): Investment opens up space for growth

Event: The company's fourth session of the Board of directors fourth meeting resolution "On the investment in the construction of large-size capacitive touch screen project motion." The bulletin said "the company grasps the large size capacitive touch screen technology."　　The total investment of the project plan is 161.37 million RMB. Comments: This investment means that the company officially entered the field of large size touch screen, for the future development of open up space again. Tablet computers are expected to have 10 million shipments this year, and the most conservative estimate for the next two years will exceed the number of netbooks shipped more than 40 million. Tablet computers are likely to develop into personal computers in the future, so the annual shipments will surely reach more than 100 million units.　　This is at least 3 times times more than the handset capacitive touch screen market. Conservative calculation can increase the thickness of 0.36 yuan EPs, and may advance production. The capacity of the project is 4 million pieces of 10-inch capacitive touch panel substrates. According to the ipad's BOM analysis, the 10-inch touchscreen substrate price of about 30 U.S. dollars, we assume the future to 20 U.S. dollars, the renminbi against the dollar rose to 6.5. Then the output value of the project amounted to 520 million yuan. In view of the company's Ito Glass and CF two business has maintained about 40% net profit margin until 2008. Conservative, if the net profit margin of 30%, the project can contribute 156 million yuan to the company, can increase the thickness of 0.36 yuan EPs.