[Reprint] Northern venture capital (600,967): expected _ sanshi railway equipment company number three in national civil examinations of military assets into lang

Original address: venture capital in the North (600,967): expected military assets into railway equipment company author: friends of the retail collection on Internet companies to list as a military weapon industry group assets into the company's corporate, will focus on railway vehicles, vehicle components and large precision mechanical parts three platform business. Company is a manufacturer of railway vehicle in a similar domestic product more competitive, target market, mainly lockout in the Ministry of railways (bid), as well as Shenhua group freight markets such as limited liability companies and the private car. Company as one of the Ministry of railways fixed-point production enterprise of the railway freight car, leading products more than 70 tons and open car, tank car, flat car for three series, at the same time, wind power Tower tube, steel, metallic pressure vessels, large precision mechanical parts, coal excavators, and other services are rising, the market potential. company highlights 1, capital injection: the controlling shareholders are likely to continue to inject its prized assets. Inner Mongolia first machine group is the largest weapons group group as well as main battle tanks, the only production base in China. Casting of the subsidiary company, four companies of the gearbox, and Assembly of five companies, such as tanks and business are strong assets related to the production profitability. From tanks, demand, now the third generation of tanks in force in China is relatively low, large demand for equipment renewal, and the International Council of the remaining variables, overseas demand huge room. In addition, the group gradually speed up the process of restructuring in the aviation industry in the near future, ordnance Group's restructuring plans are about speed, estimated future quality assets mentioned above may continue to inject will gradually increase. 2, military background: company's de facto control of anthropogenic China North Industries Group Corporation, wholly-owned holding company of the Group's largest shareholders-Mongolia first machine manufacturing (Group) co., Ltd. Three branches subordinate part of the assets of the Group (transformed into large equipment manufacturing company, the company has 85.52% interest) replacement company, three branches already achieved considerable results in civilian research and development, the company for the country's aerospace industry produced one-fourth UFO mould, v, Shenzhou VI spacecraft antennas turret of the recall, 724 antenna, the company relying on its high-strength, high hardness thick armor plate manufacturing technology of heat treatment to create commercial modernization of special materials, such as structural parts manufacturing company. 3, main advantages: the company rolling stock market share 18 throughout the country have firmly in the forefront in the railway freight car manufacturing company, primarily targets for the tender of Ministry of railways, Shenhua group private car and three markets. MOR C70 car bid for the first time in the domestic market share rose to 10%, exports are mainly exported to Sudan and Cuba. Motor vehicle sales for 2600-2700, covering 12 domestic cars and 7 kinds of export models, main models for the C80B,C70,GQ70,GF70,KM70 gondola cars, tank cars. 4, large order concept: baotou Northern venture Corporation by means of a tender, was signed on April 9, 2010 Daqin railway company limited and the buyer has 530-C80B vehicle purchase tenders supply contract, the contract price $ 254.4 million, the delivery period is April 2010. Company signed with the China railway construction and investment company, February 25, 2010 the 2010 Ministry of railways railways train tenders for procurement contracts, total price $ 386.1912 million, contract performance period is from March to April of this year. Contract models for C70 universal gondola cars, the successful bidder number 1044, the factory must apply to the MOR Department of Ministry of transport scheduling and equipment lists (grouped by 50/column). Company says, the contracts have a positive impact on the company's 2010 annual, it is not possible to predict the amount, and does not affect the independence of the company's business, the company will not be on the formation of contracts for each other dependent. 5, the exchange of assets: assets such as company to a special purpose vehicle companies 87.5% interests and replacement part of a group of three branch assets, and incorporated in three-branch reform of baotou Northern venture equipment Ltd. After the replacement, the company will be in the production of wind power generation equipment, rolling stock, commercial products such as coal machine accessories, military special vehicle accessories. 6, the development of wind power equipment: $ 10.5 million of investment and the rejuvenation of the header source materials company limited, and Rong Hao, baotou rare-earth science and technology development limited joint venture set up in baotou of Northern venture capital Steel Corporation Limited (41.18%). Formation of the company will help the company develop wind power equipment markets, making wind power equipment manufacturing company new profit growth point. 7, industry position: Corporation fixed-point production enterprise of the railway freight wagons of the Ministry of railways, in addition to participating in the tender of Ministry of railways, it also actively explore their own cars, which had a higher level of marketing has built up a solid, broad sales network. In recent years, the Ministry of railways freight vehicle tender, leading products more than 70 tons and open car, tank car, flat car for three series of 17 fixed-point production factories in the forefront of railway freight cars. Main target markets of the company business to tender of Ministry of railway car for railway vehicles, Shenhua group private car and three markets. Are currently either comprehensive or ranking from the bid amount for a single product, railway rolling stock of the company market share 18 throughout the country have firmly in the forefront in the railway freight car manufacturing company. Expected in 2010, the national volume of 3.5 billion tons, per cent from 2005; railway port of import and export volume reached 85 million tons, per cent from 2005; container transport volume reached 10 million TEU, per cent from 2005, which will promote steady growth trends in the railway freight car demand. 8, technical superiority: actively involved in the railway freight car products forwardBasic technologies and inertial technologies, the quality of the research, increasing the ability of independent innovation. Speed up the process, materials, and parts and technological innovation and technical progress, in particular, to develop technology for research and technological innovation in the development of new products to address key technical challenges. 9, the new concept energy: wind power Tower tube, steel structure of the company, pressure vessels, large precision of metal structure parts, coal excavators, and other services are "sunrise industry", the market potential is huge. Involved in the wind power equipment manufacturing, Inner Mongolia, 40% of total wind energy resources accounted for onshore wind energy resources, baotou only "25" during the planning of wind power installed capacity up to 8 million-kilowatt, this company non-railway rolling stock, such as wind power Tower provided a good opportunity for business development. Is expected to become new profit growth point. 10, to benefit from high-speed rail plan: according to the plan, by 2015, the national railway business mileage up to 120,000 km, of which over 16,000 km of high speed railway, over 50,000 km of railways in the West. More than 200 kilometers per hour and EMU became major equipment of fast passenger, wide road is put into operation of the EMU, to more than 1500. Fast railway passenger network covering the capital and the 90% of the population over the city. By 2020, China's freight volume will reach 1.0736 million vehicles, 2009-2020 freight volume increasing during 481,800. Continuing large-scale investment in the railway boom of manufacturing with consistently high degree, the company created a relatively stable development space. The company's stable development of the car service. Benefit from State Railways investments to accelerate,-owned vehicles market demand growth, the company's rolling stock orders and sales of the business situation remains good. 11, agencies in the cartridge chip: lion Equities Fund, Peng Hua Chengshi innovation, agencies such as the harvest theme featured cartridge chips. risk 1, accounts receivable and external security worries: comparative analysis of consolidated financial statements and receivable items in the parent company reports can be drawn, notes receivable balances subsidiaries increased significantly and the parent companies and subsidiaries of accounts receivable is also roughly doubled 1 time. This increases the company's business risk, and may result in the increase in bad debts and operating capital shortage, impact the company's performance and running; in addition, the reporting period, the company performed in total about 140 million, accounting for around 15% of the net assets of the company, is the company 1 net operational cash. 24 times. Though they are guaranteed good profitability of the company, but we think there is still a certain degree of overall security risk. 2, due to market access in road construction industry, as more and more enterprises have qualifications of road construction, road construction market competition becoming increasingly fierce. Ͷ�ʲ������߻رܣ����߹�ע�� ���� ��