Zhenhua heavy industry yesterday from the suspension will be signed 2 billion dollars big single

Source: Internet
Author: User
Keywords Re-licensing suspension large single
Tags application business business to closing closing price company company stock customer
Every reporter Wei Yuqing because is with the customer to negotiate a major contract matters, Zhenhua heavy industry (600320, the former closing price 12.65 Yuan) yesterday began to suspend business.  A person familiar with the matter told the Daily economic news reporter that Zhenhua heavy industry will sign a large bill with Iran, involving an amount that could reach 2 billion dollars. Business to the Marine heavy engineering Zhenhua heavy industry yesterday announced that the company is currently working with customers to discuss major contract matters, as the final sign of uncertainty, in order to protect the interests of investors, to avoid the company's share price has a significant impact on the application of the company's stock suspension, pending the relevant contract will be a clear  However, the card will be a duplicate by July 21, 2009 at the latest. For the company name from May 22, 2009 Zhenhua Hong Kong Machine renamed to Zhenhua Heavy industry, Haitong Securities pointed out, this shows that the company's business major transformation, the development of marine heavy business determination and attitude. In addition, the Marine heavy engineering business will be with the global economic recovery, oil and other energy demand increases, the scale will be more and more large, so the company's marine heavy business will become the company's business two times the successful choice of transformation.  And as early as 2008, Zhenhua heavy industry through the directional additional merger has been nearly hundred years of history of the Shanghai port Machine, thus establishing the direction of the development of ocean engineering. The details of the order are not yet certain. In fact, the market has been rumoured this June, and the company will sign a big bill with Iran. Haitong Securities in a June study, pointed out that the company actively expand marine heavy business. The current tracking of Iran, the Netherlands and other countries of heavy sea orders, is expected to be a new contract signed soon.  Now, this is not groundless. The people familiar with the matter told reporters that the news is now basically OK, but the specific content, the amount involved is not sure, a large list of some of the works may be subcontracting, but even if the subcontract, Zhenhua will also be profitable.  If the market guesses 2 billion dollars all by Zhenhua to do, Zhenhua's profit roughly calculates about 200 million dollars. According to the 2008 Annual report, Zhenhua Heavy industry's main income for the year 2008 is 27.443 billion yuan, and the net profit is 2.551 billion yuan.  This means that once the big Bill is signed, the company's profits will be substantial. However, after the card, Zhenhua's share price may not have a big reaction. said the person. He further told reporters that Tuesday Zhenhua heavy industry trading with the market is inseparable, and now the situation in Iran is tense, the market for Iran such customers are still worried. Therefore, the possibility of continuous trading is very small.
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