Suspended for nearly five months of the long-Connaught sun (love stocks, market, information) was finally on May 6 that day resume trading and immediately rose play, as at May 9, Connaught of the sun has four consecutive limit - .
Connaught of the sun continued to limit the power stems from its wish to make a controlling shareholder of the Connaught Group Co., Ltd. (the Group of Connaught) and its subsidiary Shandong Connaught New Materials Co., Ltd (hereinafter referred to Connaught of new materials), of Jinan Connaught Glass Co., Ltd. (hereinafter referred to Jinan in Connaught) non-public offering of 12,000 shares A shares. Three companies to be owned by its solar heat-related assets assessment subscription price of the shares. At this point, the sun will be the first of Connaught have a complete industrial chain, as the world's first solar thermal use of the main industry of listed companies.
The first solar-based companies
Connaught of the sun was established in 1992, was originally a solar thermal materials - high-borosilicate glass and specialty materials manufacturing, sales-based industry. In 2007 the total assets of 7.5 billion, net profit was only just 2.93 million yuan. When the Group of Connaught hospital and holding subsidiaries of the new materials, Jinan of Connaught will be 1.2 billion yuan of assets into the Connaught of the sun, according to Connaught of the sun released a notice, the listed company's total assets will increase to 1.95 billion yuan And net income in 2008 is expected to surge to 117 million yuan, an increase of nearly 40 times.
The reorganization of assets allows the company performance with poles apart from, of Connaught from the sun will have an "ore raw materials quartz sand -> high boron silicon solar glass tube -> solar collector vacuum tube -> solar thermal end-product manufacturers and Application of "the complete industrial chain, becoming the first domestic and global solar thermal use of the main industry of listed companies.
Connaught of the sun in the 2007 annual report of the so Looking to the future development prospects: "11th Five-Year Plan" period, solar thermal use of rapid industrial development, solar water heater production by 8.2 million square meters to 15 million square meters, the total reserve capacity from 3200 000 square meters / year to the development of 70 million square meters / year, the average increase rate of 24.5 percent, output and keep both the first Habitat International. The domestic industry-wide sales of over 200 billion yuan, exports about 30 million U.S. dollars, the entire industry to provide 600,000 job opportunities. As the upper reaches of the industry's leading product suppliers, the company is expected to share the fruits of the rapid development of industry.
It is learnt that the solar-thermal fields of another giant - Wong also said that before landing in the second half of the A-share market. Ding Hui Ming emperor tracking solar energy group has nine years of time, Goldman Sachs to track the time that the emperor has five years, two for the imperial line to help the Group to achieve listing.
Wuxi to reproduce Sheung Tak myth »
The past, Wuxi Sheung Tak as the first domestic solar PV companies listed on Nasdaq in the United States, have made Shi Zhengrong overnight become the richest man in China. When the Connaught of the assets of the company's successful completion of the reorganization, the industry expect that the Connaught of the sun can reproduce the original myth of Wuxi Sheung Tak »
According to the Sun of Connaught announced plans for the reorganization of assets, including the assets into three large piece of business assets, which are solar thermal use of terminal and ancillary industries in light of industry-related assets, solar collectors of the related assets, solar glass new Materials related assets.
As at December 31, solar thermal use of terminal industry and supporting industries in the light of the interests of the book value of assets related to 169.1248 million yuan, net profit interests of 11.6549 million yuan; solar collectors of the rights and interests of the book value of assets related to 129.501 million yuan, Rights and interests of achieving net profit -17 million solar glass and new materials related to the carrying amount of assets 280557200 yuan interests, rights and interests of achieving net profit of 224,900 yuan.
These estimates as high as 12 billion in assets to be injected, a net profit last year, only 11.7099 million yuan, net capital gains rate of only 0.98 percent.
It must be pointed out is that of the Connaught Group, Connaught of new materials, Jinan of Connaught shares or holding companies generally high rates of assets and liabilities, for three consecutive years of operating records show that many companies have recorded losses for two consecutive years, even The company has no operating record.
Moreover, the solar light and heat for the first time companies listed on the market are generally more familiar. Societe Generale Securities energy analyst Yu Shao Kai, solar-thermal areas of the capital market is a brand new subject matter. At first, Sheung Tak as the representative of the photovoltaic industry is a new energy companies appear to be the favor of investors. Light and heat the mainstream products industry - solar water heaters threshold is not high, intense competition, although promising, but difficult to match the former Wuxi Sheung Tak.