002288 Chaohua Technology on October 11, 2013 the stock opened higher than yesterday's closing price of 08.47 yuan, closed at 08.66 yuan, the day's trend for its own slightly stronger and higher than the closing price of nearly
January's highest price; compared to the small and medium-sized sector performance is stronger, similar to the Shanghai Stock Exchange. October 12, 2013 is not open on Saturday. The K-plots for the 11th and 15th are shown below
┌───────────────────────────────────
｜Financial Indicators 2013-09-30? 2012-12-31? 2011-12-31? 2010-12-31? ｜
├￥───────────────────────────────────? ┤
｜Audit opinion? Unaudited? Standard unqualified? Standard unqualified? Standard Unqualified ｜
｜? Opinion Opinion Opinion｜
├óΓé?┬a───────────────────────────────────? ┤
｜Basic EPS ($) 0.0850? 0.1430? 0.1250? 0.1272｜
├────────────────────────────────── ┤
｜Basic EPS - Deducted ($ -? 0.1350? 0.1230? 0.1162｜
｜)｜
├óΓé?Γ?ó───────────────────────────────────┤
｜Earnings-per-share-diluted ($) 0.0852? 0.1313? 0.2005? 0.1527｜
├óΓé?Γ?ó- ───────────────────────────────── ┤
｜Capital surplus per share ($)? 1.2785? 1.7761? 1.0639? 1.4628｜
├─────────────────────────────────────? ┤
｜Undistributed earnings per share (yuan)? 0.5478? 0.5751? 0.9176? 0.9751｜
├───────────────────────────────────? ┤
｜Net assets per share ($)? 2.8710? 3.4068? 3.0822? 3.5440｜
├─────────────────────────────────── ┤
｜Gearing ratio (%) 48.9264 38.3371 45.4626 29.9281｜
├──── ─────────────────────────────── ┤
｜Operating cash flow per share ($)? -0.0948 -0.1153 -0.0139 -0.1760｜
├─────────────────────────────────── ┤
｜Weighted Return on Net Assets (%) 2.9800? 5.0300? 6.6400? 4.4000｜
├─── ───────────────────────────────── ┤
｜Net Income (million dollars)? 3373.06 4331.44 3307.46 2098.90｜
├─────────────────────────────────────┤
｜Net profit growth rate (%) 9.5609 30.9596 57.5808 -35.1500｜
├──── ──────────────────────────────── ┤
｜Net Profit Cash Content (%) -111.2535 -87.8416 -6.9238? -115.5308｜
└─────────────────────────────────── ┘
Profitability Indicators
┌───────────────────────────────────? ┐
｜Financial Indicators (%) 2013-09-30? 2012-12-31? 2011-12-31? 2010-12-31｜
├───────────────────────────────────? ┤
｜Operating profit margin? 7.1200? 8.7200 12.1200 10.4300｜
├￥───────────────────────────────────? ┤
｜Operating net margin? 6.4100? 8.4000 10.8000 10.1200｜
├───────────────────────────────────? ┤
｜Gross operating margin 17.9300 20.6600 22.0900 21.1800｜
├───────────────────────────────────? ┤
｜Cost and expense margin? 7.9000 10.2500 13.9900 13.2200｜
├───────────────────────────────────? ┤
｜Return on total assets 2.0900? 3.4100? 5.2200? 3.3900｜
├───────────────────────────────────? ┤
｜Weighted Return on Net Assets? 2.98 5.03 6.64 4.40｜
└───────────────────────────────────? ┘
In 2008, this stock was not yet listed, and closed at 7.31 on 2009.12.30. The PE value is now higher relative to 2011 (i.e., lower profit margins since this year).
The stock belongs to the touch screen and integrated circuit industry, today's PE value is lower than the Ovodan, ultrasonic electronics, Changxin Technology, SangYi Technology and other companies.
Touch
Screen industry with the advent of the touch screen smartphone era before 2012, bringing the screen touch screen industry in the spring, the scenery is flourishing in the past few years, and with a large amount of capital into the field, capacity expansion, product price, gross margin decline,
So far there has been overcapacity. So since in the high-tech industry, then new technological advances and walk in the forefront of technological change has become an important event for the company, the current thin and light of the touch screen to bring a new turnaround .
The
Company is mainly engaged in the CCL, single-double-sided and multi-layer PCB and its upstream electronic copper foil, special wood pulp paper, semi-cured sheet (PP) and other products, research and development, production and sales. PCB is the basic components of electronic products, widely
widely used in communications, optoelectronics, consumer electronics, automotive, aerospace, military, precision instrumentation, and other fields, is an indispensable part of modern electronic information products. It is an indispensable electronic component in modern electronic information products, and currently there is no alternative product and technology.
CCL is the basic raw material for PCB manufacturing. Electronic copper foil, special wood pulp paper, semi-cured sheet (PP) is the main raw material for the production of CCL. The company is one of the few companies in the PCB industry with a vertically integrated industrial chain,
which has formed a more complete series of product lines from electronic copper foil, special wood pulp paper, CCL to PCB.
Recently, the company's big events are:
2013-10-16Published the completion of the announcement of the change of business license of enterprise legal person
Chaohua Technology completed the announcement of the change of business license of enterprise legal person
According to the laws and regulations and the "Articles of Association" of the provisions of the Chaohua Technology, the Meizhou City, Guangdong Province, the Administration of Industry and Commerce applied to the change of industrial and commercial registration, filing procedures. formalities. Recently, we have completed the process and obtained a new business license for enterprise legal person, registration number is still 440000000026688. now we will announce the specific changes.
Approved Changes in Registration Matters
Registration Matters? Contents before change Contents after change
Legal representative Liang Junfeng Liang Jianfeng
Chao Hua Technology's performance in recent years has been weaker than that of SMB main board, because of a large increase in 2012, and this year has been in the middle of adjustment.
The most recent research articles are:
Big industry achievement big company new products breeding new future
September 04, 2013 00:01
GuangZheng HengSheng
Xiao Chao (rating strong recommendation)
Different from the market's point of view:
PCB industry space is huge, the domestic PCB industry after more than two decades of rapid development. After more than two decades of sustained and rapid development of the domestic PCB industry, in terms of scale has become a production power, but market concentration
still low. We believe that the past "big industry, small business" market characteristics have their objective reasons, but the situation is changing, the prosperity of the domestic mobile smart terminals will promote the domestic PCB advantageous enterprises to further expand and strengthen,
"big industry, big companies "
The new pattern will be formed.
ChaoHua Technology, as the first listed private enterprise in the industry, utilizes its own advantages to continue mergers and acquisitions, focusing on upgrading the technology and production capacity of electronic copper foil, environmental protection cloth-based copper-clad laminates, multilayer, high-density and flexible circuit boards. On the one hand, it consolidates the advantages of raw materials
and on the other hand, it extends the company's product line in the direction of high value-added. Expanding the scale at the same time to enhance the product and customer grade, so that the company has maintained rapid development since listing, revenue compound annual growth rate of 50%, net profit
run compound annual growth rate of more than 20%.
We expect that on the one hand, the company's mergers and acquisitions and integration into the climax, with the continued integration of high-quality production capacity, the company's sustained and rapid development of power; on the other hand, with the gradual integration of production capacity, the company's costs and expenses will be down
Down, the growth of profits will begin to exceed the income of the company's operations to enter a new stage.
Earnings forecast and valuation:
We forecast that the net profit attributable to the parent company in 2013-2015 will be 86.69 million yuan, 134.55 million yuan and 175.18 million yuan respectively, and the EPS will be 0.19 yuan, 0.30 yuan and 0.41 yuan respectively, corresponding to the PE of 45, 28 and 20 respectively, and we will give the company a strong recommendation for the first time. Strongly recommended" investment rating.
Risks: Downstream demand is sluggish, the new integrated capacity can not be well digested; industry competition intensifies, the rapid decline in product prices.
PSY
indicator, also known as the psychological line indicator, from the English
Phycholoigical?
Line
Directly translated from the study of
Investors on the stock market fluctuations in the psychological mood indicators,
is a kind of energy and up and down indicators,
It is a reference for the study of
short-term trends in the stock market. When the second overbought (oversold) high (low) point occurs, it is usually a time to sell (buy). Because the PSY indicator is characterized by such intensive highs, it gives investors plenty of time to make a judgment and get involved.
2. The PSY indicator is normally distributed between 25 and 75. The PSY indicator mainly reflects the market psychology of overbought and oversold, so when the PSY indicator moves up and down within the normal area, it is generally a wait-and-see attitude. 3. PSYThe PSY indicator is above 75 or below 25, indicating that the stock is starting to enter an overbought or oversold area, and you need to keep an eye on its movements. When the percentage value of the PSY indicator exceeds 83 or falls below 17, it indicates that the market is in an overbought or oversold
area, and the chances of the price falling back down or rising back up increase, so investors should be prepared to sell or buy without caring about whether there is a second signal. This situation is more common in individual stocks.4. When the PSY indicator percentage
value <10, is extremely oversold. The chances of a rebound are relatively high, and this is a better time to buy in the short term; conversely, if the PSY indicator percentage value >90, is extremely overbought. At this time for the short-term sell
favorable time.?
5. When the PSY curve and PSYMA curve run upward at the same time, it is the time to buy; on the contrary, when the PSY curve and PSYMA curve run downward at the same time, it is the time to sell. And when the PSY curve breaks through the PSYMA curve upward, it is the time to buy; on the contrary, when the PSY curve falls through the PSYMA curve downward, it is the time to sell.? 6.When the PSY curve breaks through the PSYMA curve upwards, and then starts to retrace downwards to the PSYMA curve, as long as the PSY curve fails to break through the PSYMA curve, it indicates that the stock is in a strong consolidation. Once the PSY curve
returns upward again, it is time to buy; when the PSY curve and PSYMA curve run upward at the same time for a period of time, the PSY curve away from the PSYMA curve, once the PSY curve turns downward, it indicates that the stock price
rises with greater consumption of kinetic energy, and it is time to sell.
7. When the PSY curve and PSYMA curve extends upward again at the same time, investors should hold the stock and wait for the rise; when the PSY curve runs below the PSYMA curve, investors should wait and see what happens. 8. When the PSY and PSYMA curves are always intertwined and moving in a space with little volatility, it signals that the stock is in a consolidation pattern and investors should wait and see. ADLThe ADL
Fall indicator is a technical indicator that calculates and observes the number of stocks rising or falling each day, in order to understand the popularity of the stock market, to detect whether the stock market's intrinsic financial momentum is strong or weak, and to judge the future movements of the stock market
Indicator. The Tengku indicator only reacts to the direction and trend of the general trend, and does not provide signals for the rise and fall of individual stocks. As the market often exists by lifting the suppression of large-cap index stocks, making the index trend to lose the original face of the phenomenon, thus affecting the
investors to accurately analyze the research analysis, and Tengluo indicators can be very good to eliminate the impact of this kind of distortion.
1. Tengluo indicator is to understand the popularity of the stock market situation, to detect the momentum inherent in the capital momentum is strong or weak, to study the stock market's future movements of the technical indicators.
2. When the stock index continues to rise, the Tengku indicator also rises, the stock index may still rise; the stock index continues to fall, the Tengku indicator also falls, the stock price may still continue to fall.
3. If there is a divergence between the stock index and the Tengku indicator, the stock index tends to follow the trend of the Tengku indicator's movement; if the stock index rises and the Tengku indicator falls, the stock index will soon fall; similarly, if the stock index falls and the Tengku indicator rises, the stock index will soon rise.
4. When the stock market is in a long market, the Tengku indicator is trending upward, during which, if there is a sudden and rapid decline, and then immediately reversed upward, hitting new highs, it indicates that the market may reach new highs.
When the stock market is in a short
market, the Tengku indicator is in a downtrend, during which it suddenly rises, then turns around and breaks through the original lows, signaling a new downtrend.
Note that the Tengku indicator must be used in conjunction with ADR and OBOS.
October 12, 2012, the indicators have returned to the middle value from oversold, fell without bursting out of the volume, and in the MA90 above, belong to the good stock at that time can be long, at least you can participate in the short-term buying and selling.
This stock is not a leader, but it is a good ticket, if the plunge to 7 yuan near the volume burst out, you can participate in short-term trading (8 yuan or 8.50 yuan to sell). This period of the market did not get out of the woods, not very supportive of the long term hold.
600623 double money shares on October 11, 2013, the stock opened higher than yesterday's closing price of 10.00 yuan, the closing price closed at 10.60 yuan, the day's trend for its own very strong closing up 6.96%; relative to the small and medium-sized plate where the performance is stronger.
October 12, 2013 is a Saturday not open, below are the K charts of 11th and 16th respectively
Key financial indicators
┌───────────────────────────────────┐
｜Financial Indicators 2013-09-30? 2012-12-31? 2011-12-31? 2010-12-31? 2011-12-31? 2010-12-31? 12-31? 2011-12-31? 2010-12-31｜
├￥─────────────────────────────────── ┤
｜Audit opinion? Unaudited? Standard unqualified? Standard unqualified? Standard Unqualified｜
｜? Opinion Opinion Opinion｜
├óΓé?┬a───────────────────────────────────┤
｜Basic EPS ($) 0.2590? 0.3280? 0.1990? 0.3270｜
├óΓé?┬a────────────────────────── ───────── ? ┤
｜Basic EPS - Deductions ($ 0.2460? 0.2800? 0.1670? 0.1300｜
｜)｜
├─────────────────────────────────── ┤
｜Earnings Per Share Dilution ($) 0.2587? 0.3285? 0.1986? 0.3267｜
├￥─────────────────────────────────── ? ┤
｜Capital surplus per share ($) ? 0.7791? 0.7790? 0.8014? 0.8415｜
｜Undistributed earnings per share (yuan)? 0.9839? 0.8252? 0.6026? 0.5401｜
├─────────────────────────────────── ? ┤
｜Net assets per share (yuan)? 2.9638? 2.8040? 2.5539? 2.5080｜
├￥───────────────────────────────────? ┤
｜Gearing ratio (%) 66.6176 64.1528 67.1339 68.7031｜
├───────────────────────────────────? ┤
｜Operating cash flow per share (yuan)? -0.1286? 1.0694? 1.0635? 0.2900｜
├───────────────────────────────────? ┤
｜Weighted return on net assets (%) 8.9170 12.2700? 7.8400 15.2800｜
├───────────────────────────────────? ┤
｜Net Income ($ million)? 23009.72 29215.95 17668.30 29059.20｜
├───────────────────────────────────? ┤
｜Net profit growth rate (%) 11.7061 65.3580 -39.1989 70.1701｜
├───────────────────────────────────? ┤
｜Net profit cash content (%) -49.7088 325.5804 535.3723 88.7973｜
Profitability indicators
┌─────────────────────────────────── ? ┐
｜Financial Indicators (%) 2013-09-30? 2012-12-31? 2011-12-31? 2010-12-31｜
├───────────────────────────────────┤
｜Operating Profit Margin ? 2.4600? 3.1300? 0.6800? 2.1700｜
├───────────────────────────────────┤
｜Operating net margin? 2.1300? 2.7500? 0.9100? 2.3700｜
├óΓé?┬a───────────────────────────────────┤
｜Gross operating margin 12.9400 18.5800 12.0300 10.9900｜
├óΓé?┬a──────── ─────────────────────────── ┤
｜Cost and expense margin? 2.7100? 3.5200? 1.0800? 2.4600｜
├────────────────────────────────── ┤
｜Return on total assets 2.2900? 3.8300? 1.3100? 2.6400｜
├───────── ────────────────────────── ? ┤
｜Weighted Return on Net Assets? 8.92? 12.27 7.84? 15.28｜
└─────────────────────────────────── ? ┘
Shuangqian belongs to the tire production enterprise, in the wind god tire, Qian tire, ST Jiatong, double money shares, Qingdao double star, Zhongding shares, Sanlix, ST yellow sea these tire enterprise inside, profit can be profit medium to high, China's car ownership and the new sales volume of recent has been a steady growth in the as long as the price of rubber raw materials decline, the whole industry's ability to win more than the next level.
Because the entire automotive industry in 2009 have risen a lot, and this stock rose a lot, so in recent years, this stock has been in the 9 yuan up and down in the middle of the adjustment. It has moved similarly to, but slightly stronger than, the broader Shanghai stock market, where it is based.
Recently, the company's major events are:
2013-11-06Published the announcement of the proposed capital increase to subscribe for 51% of the equity of Xinjiang Kunlun Tire Co.
Announcement of the resolution of the nineteenth meeting of the seventh session of the board of directors
Double Coin Group Co. (hereinafter referred to as "the Company") held the Nineteenth Meeting of the Seventh Session of the Board of Directors of the Company on October 25, 2013 by notice and November 5, 2013 by way of communication voting, and considered and passed the "Resolution on the Matters Relating to the Proposed Increase in the Company's Subscription for 51% Equity Interests in Xinjiang Kunlun Tire Company Limited".
The Company has signed an equity cooperation framework agreement with Xinjiang Investment and Development (Group) Limited Liability Company (hereinafter referred to as: XIDG), and intends to acquire 51% equity interest in Xinjiang Kunlun Tire Company Limited (hereinafter referred to as: XKT
Company) by way of capital increase and acquisition, so as to realize the effective layout of the Company in the Northwest region, thereby promoting the rapid development of the Company's main business and radiating to the neighboring and Central Asian markets. In accordance with the workflow, the company since February 2013, namely
started the due diligence work, through the identification of risks, analysis and the development of rectification programs, the two sides to sign a formal agreement on the cooperation project conditions are basically mature, by the company on November 5, 2013, the seventh 19th board of directors review
discussion of the company will be an increase of 572 million yuan, to subscribe to the way to increase the 51% stake in Xinkun The Company will increase its capital by 572 million yuan and subscribe for an additional 51% equity interest in Xinkun, becoming the controlling shareholder of Xinkun.
No organization has conducted research activities recently.
Double money shares are now priced at 08.90 or so, if it falls to 8.00 or so without bursting the volume, you can carry out short-term operations, when the big red that is sold. This ticket is not recommended for long term holding. The automobile industry is a cyclical industry, you can do short-term at the right time.
The question has basically been answered, if there is insufficient, please follow up.