Xingmin Steel rim: Super Raise capital achievement industry leader

Events: The company intends to use the fund-raising and super raise funds in Hebei province Tangshan investment in the construction of a new plant, the total investment amount of 70,000 RMB 0 yuan, in two period of implementation, a period of investment of 40,198 0 yuan, of which 100 million yuan for the super raise funds, and another from the "　　Shandong Xingmin Steel Wheel Co., Ltd. Annual output of 4 million car Wheels production project "in the Tangshan first phase of the project," Tangshan Xingmin Rims Co., Ltd. high-strength light-weight Iron Wheel Project "The use of super raise money to buy the value of 4,866.380,000, a U.S. Hess Company production of car rim production line. Analysis: 1, the company's main automobile steel wheels, annual production capacity of 5.9 million sets, production and sales ranked three in the country.　　The new Tangshan project, up to the postpartum annual output of 5 million pieces of steel wheels, the company's capacity will be more than 10 million sets, become the industry leader, fully share the expansion of China's auto market. 2. The first phase of project construction period from October 2010 to December 2011, two period investment is 29,802 0 yuan, the construction period is set to December 2011 to December 2012.　　The construction of the first phase of the project is an annual output of 5 million high-strength lightweight steel wheels, the project will realize the annual sales income of 104,500 0 yuan, tax 15,739 650,000 yuan, is expected to increase the earnings of 0.50 yuan per share. 3, China's car sales in the next three years will maintain the growth of about 15%, the demand for strong downstream wheels. Company is listed in 2010 new shares, Provident fund higher, annual high probability of distribution. The current share price is 30 times times and 20 times times higher than the 10/11-year earnings ratio. (Shenwen)