Himfr.com Reports * St Chunlan Main Business Does Not Change On Resumption Of Air-conditioned

Share:    

Suspension of 18 months * ST Chun-lan (600,854) will resume trading on the 13th

, the company main business is also an increase from the previous air-conditioned housing, electricity. An industry researcher believes that after the reorganization, the company has not taken place reborn changes in fundamentals, and more are the original controlling shareholder of assets under its own power maneuvers, while the previous air-conditioned main trend of increasing consolidation in the industry, it is also difficult to change.

Due to 2005 year 2006 year 2007 year losses for three consecutive years, ST Chunlan on May 19, 2008 suspension of listing. During the suspension period, ST Chunlan through a series of asset replacement, successful insurance shell. In 2008, net profit of 1,208.04 million in the suspension of the first fiscal year after the listing of realized profit; in 2009 from January to September, the company achieved net profit of 8,100.74 million. At present the company's total share capital of 520 million shares, earnings per share of about 0.15 yuan, 28 times the current household appliances industry, the average price-earnings ratio basis, the company's share price no more than 8. But the company suspended before the stock price rose sharply, reaching 6.51 yuan, the company's share price performance on the 13th cause for concern.

2008 year, the company sold 140 million yuan of land to a reserve of land development in Taizhou city center. Since then, the company set up in Suzhou Chunlan Air Conditioner Co., Ltd. 75% stake in three other long-term equity investments, while placed in Taizhou Starwise 60 percent stake in Real Estate Development Co., Ltd., as well as 150,000 square meters of land available for commercial and residential development, in addition to , but also into the State Power Taizhou Power Generation Co., Ltd. 10% stake.

The traditional main air-conditioning, the company said it would accelerate the transformation of air-conditioning sales system, pay close attention to channel building, strengthening basic management business. ST Chun-lan said that since the end of 2007, the company, after full investigation and comparison of the same industry, to determine the adjustment of product marketing model, the past "distribution system" to "regional agency system."

Analysts say, ST Chunlan air-conditioned main business in recent years, a serious decline, the market share rankings have been 14, Gree Electric Appliance in the United States and a substantial expansion of the electrical industry background, disadvantaged businesses have not fared well the future

by: himfr

POST COMMENT

Himfr.com Reports Reuters: The Amd Settlement Or Weaken The Anti-trust Charges Against Intel Frbiz.com Reports Morris Chang: No Plans For Cooperation With Smic Frbiz.com Reports Via Chairman Cher Wanghtc Performance Will Be Better In February Of Next Year. Selecting An Offsite Records Storage Provider Company Formation For Singapore Pr Hosted Pbx Telephone For Small Office Is Starting a Dollar Store the Ideal Business Opportunity? Southern Storm To Hit Europe This Autumn Six Nations Countdown Begins World Cup Fans Book Tickets For South Africa South Africa Set To Do Africa Proud The World Watches England The Legendary Queues Of Sw19