US electronics set to increase no more than 350 million applications approved by SFC

NetEase Financial January 19 News of the United States of electrical appliances evening announced that the company will increase not more than 350 million shares of new applications obtained by the CSRC. Prior to the announcement, the company plans to 12.51 yuan/share price, to the specific object of the private issue of not more than 350 million shares.　　The issue price will not be less than 12.51 yuan/share, raise funds not more than 4.36 billion yuan, intended to be used for central air-conditioning Hefei project, compressor Wuhu project, refrigerator Jingzhou project, Refrigerator Nansha Project, home air-conditioning Nansha project, home air-conditioning Wuhu project. U.S. electrical Appliances Dong Plum de said, in the company's main business growth of about 60% of the background, the fund-raising investment project mainly around the company's existing main business, focusing on central air-conditioning, compressors, refrigerators and home air-conditioning, and investment areas, including East China, central China and South China three industrial cluster base,　　After the implementation of the project will further improve the regional industrial layout, promote product structure upgrade. Guo Xin Securities household appliances industry analyst Wang Nianchun that after the completion of the Non-public offering, the company's total assets and net asset will be increased at the same time, the ratio of assets and liabilities will be reduced; at the same time, with the gradual appearance of the project benefit, the company's scale expansion and profit growth will be realized.　　will be conducive to the company further bigger and stronger business, consolidate the industry leading position, improve the company's long-term profitability, and ultimately achieve the company's strategic development goals. GF Securities that the most sophisticated electrical appliances in the core business home air-conditioning will be the company's future to achieve stable growth of the guarantee. The forecast 2010-2012 EPS is 1.10, 1.15, 1.48 yuan respectively.　　Given the 2011 15 times and 20 times multiples, the reasonable share price range of 19.20-25.60 yuan, to give the company a target price of 22.40 yuan, while giving its "buy" rating.　　The U.S. electrical Appliance Performance Forecast, 2010 attributable to the listed company shareholders of the net profit of 2.8 billion yuan-3.8 billion yuan, increased 50% to 100% from the same period last year. As of January 19, the United States, the electrical newspaper 16.42 Yuan, Rose 2.63%.