The rapid development of the radial tire mold faucet

Company car radial tire molds for the domestic industry leader . Company 2010 4500 sets of mold production , operating income of 600 million yuan, the domestic market share of about 27% international market share of about 5% , as the largest and most complete variety of radial tire plastic pipe fitting mould  mold manufacturing enterprises.
Companies planning through three to five years , the domestic market share increased to about 35%, foreign market share increased to about 15% , vast room for growth .
Our radial tire mold industry has room to grow . ( 1 ) international tire production capacity in China to shift the center of the developing countries , the domestic tire production capacity is expected to reach 40 % of the world ( currently about 26% ) ; ( 2 ) thousands of cars in our country about the global average 50% of the world's 128 cars per 1,000 , while China is only 62 , China's auto consumption remains great potential. ( 3 ) the rate of radial tires is still room for improvement. 2009 radialization rate of 76.3% , and still far from complete meridian .
A global leader in EDM technology . Company background tire mold processing equipment , has a long experience in the Plastic Adapter Union mould  process of accumulation of technology , which has EDM global leader in intellectual property .
Raise investment project will increase capacity , supporting capacity and R & D capabilities . The investment company raised a total of four projects , including precision radial tire project ( 349 million yuan ) , high-grade Precision Casting Center Project ( 217 million yuan ) , giant radial tire vulcanizing machine project ( 112 million yuan )
Engineering Research and Development Center to raise tire projects ( 040 million yuan ) in four parts , with a total investment amount of 718 million yuan . Raising projects are all put into production, the company will add annual revenues of 723 million yuan , 248 million yuan in total profit added , the company's profitability will be greatly improved. Earnings forecasts and valuation : We forecast 2011-2013 net profit attributable to parent company will achieve 239 million yuan , respectively , 310 million yuan and 403 million yuan , to achieve diluted EPS were 1.20 yuan , 1.55 yuan and 2.01 yuan . According to the valuation of the shares is expected to ship comparable companies , as well as its leading position and growth trend of the company , we believe that the company may be given 20-25 times 2011 PE, thus corresponding to the reasonable value range of 24-30 dollars.