Reason for change:
Changjiang Securities: At present, the company's use of ultra-clear glass continues to expand, in addition to the use of architectural decoration, began to be used in lighting, home appliances, high-end furniture, solar flower rooms and other fields. Judging from the sales situation in the international market, the company's products have gradually opened up overseas sales with its excellent quality and price advantage. The ratio of its exports to domestic sales rose from 1:3 in 2006 to 1:1 in the first half of 2007. According to our research, in the first half of the year, the company sold 640,000 boxes of ultra-white glass (57,000 cases in 2006). It plans to organize two rounds of ultra-white glass production in the second half of the year. It is expected that the company will be super white in 2007. Glass sales will reach 1.4 million boxes. By 2009, sales of ultra-white glass are expected to reach 2.5 million cases.
Investment highlights:
(1) The company is a high-tech enterprise registered in the national high-tech development zone, enjoying preferential taxation and other relevant policy support.
(2) It has 4 high-quality float glass production lines with an annual production capacity of 20 million weight boxes/year of float glass. Compared with domestic float glass production enterprises, the company has the advantages of low investment, low cost and large investment in scientific research; Compared with foreign float glass production enterprises, it has a mature sales network, a capable marketing team and a reasonable product pricing strategy;
(3) The ultra-white glass production line is still blank in China. The line technology was introduced by the company from abroad, and it has won the opportunity to cooperate with the world famous glass enterprise-US PPG strategy.
(4) Anti-UV automotive glass project has begun construction. Anti-UV automotive glass is a functional high-grade high-quality float glass. It is still blank in China and has a good market prospect. In 2007, the company will accelerate the UV-proof energy-saving glass according to market demand. The construction of the original film production line.
(5) In December 2006, the company acquired a 51% stake in Haitian Biochemical with a price of 3,419,900 yuan. The company is constructing an annual output of 1 million tons of soda ash. The total investment of the project is about 1.307 billion yuan. After the production is expected, the annual average after-tax profit is 24,688.28. After the completion of the project, the company will obtain the control of the important raw material resources required for the development of float glass in the main business, and will become the upstream and downstream integrated operation of the high-grade glass and soda ash industries.
risk warning:
If the price of heavy oil of important raw materials of the company rises sharply, it will have a greater impact on the company's performance.
Investment Advice:
Yue Congzhong, an analyst at Zhongshan Securities, believes that the company has four high-quality float glass production lines and 20 million weight boxes per year of float glass annual production capacity. It has the advantages of low investment, low cost and large investment in scientific research; in the future subsidiary Haitian Biochemical Soda After the project is put into production, it will become a company with integrated operation of upstream and downstream of high-grade glass and soda ash industry. The concern can be tracked appropriately. The first target is 36 yuan.
1
ZGAR Aurora 2500 Puffs
ZGAR electronic cigarette uses high-tech R&D, food grade disposable pod device and high-quality raw material. All package designs are Original IP. Our designer team is from Hong Kong. We have very high requirements for product quality, flavors taste and packaging design. The E-liquid is imported, materials are food grade, and assembly plant is medical-grade dust-free workshops.
Our products include disposable e-cigarettes, rechargeable e-cigarettes, rechargreable disposable vape pen, and various of flavors of cigarette cartridges. From 600puffs to 5000puffs, ZGAR bar Disposable offer high-tech R&D, E-cigarette improves battery capacity, We offer various of flavors and support customization. And printing designs can be customized. We have our own professional team and competitive quotations for any OEM or ODM works.
We supply OEM rechargeable disposable vape pen,OEM disposable electronic cigarette,ODM disposable vape pen,ODM disposable electronic cigarette,OEM/ODM vape pen e-cigarette,OEM/ODM atomizer device.
Aurora 2500 Puffs,ZGAR Aurora 2500 Puffs Pod System Vape,ZGAR Aurora 2500 Puffs Pos Systems Touch Screen,ZGAR Aurora 2500 Puffs Disposable Vape Pod System,2500Puffs Pod Vape System
ZGAR INTERNATIONAL(HK)CO., LIMITED , https://www.zgarette.com