The suggested inquiry range is 29.72~35.66 yuan. Considering the impact of income tax rate, we expect the company to fully dilute the EPS to RMB 1.19, RMB 1.57 and RMB 2.04 after the release in 10, 11 and 12 years. Considering the valuation of the small and medium-sized board companies recently issued, consider the company’s potential market expansion capabilities. We believe that The reasonable inquiry range is between 29.72 and 35.66 yuan, which corresponds to 25 times to 30 times of 2010 P/E.
Leading the medium-sized card transmission, the future heavy truck support will be the new growth point. The company occupies 70% of the mid-car transmission market and is the main source of income. However, due to the replacement of heavy trucks, the company must overcome the difficulties of developing new customer channels and facing the competition from the existing leading manufacturers, and enter the heavy truck transmission supporting field. At present, the company has obtained 81,000 intention orders.
The demand for light trucks is good, and market share is expected to increase. The rural market has a vast potential, benefits and incentives continue, and the demand for light trucks is good. With the release of production capacity brought by raised investment projects, market share is expected to increase. At present, the company has obtained 219,000 intentional orders.
Bus support will be another new growth point. The company will also enter the passenger vehicle supporting field, on the one hand, improve the company's layout in the commercial vehicle transmission market, on the other hand, the more stable industry growth in the passenger car industry will stabilize the company's demand fluctuations. At present, the company has obtained 23,500 intention orders.
280,000 new gearboxes will be raised and the fundraising projects will be the company’s newly added heavy trucks, light trucks, and passenger car transmissions with a production capacity of 80,000 units, 180,000 units and 20,000 units. The company’s production capacity will increase by 130% over the next 4 years. , The supporting capacity has greatly increased. The R&D center project will further enhance the company's technological competitiveness and narrow the gap with its foreign peers.
An electric mountain bike,also known as an e-MTB,is a type of mountain bike that is equipped with an electric motor and abattery.The electric motor provides assistance to the rider when pedaling,making it easier to climb hills and traverse rough terrain.EMTBs are designed to be rugged and durable with features such as full suspension,wide tires, and powerful brakes.They are also equipped with a range of electronic components,including a control unit that allows the rider to adjust the level of assistance provided by the motor.One of the main advantages of an e-MTB is that it allows riders to tackle more challenging terrain and cover greater distances than they would be able to on a traditional mountain bike. Thismakes makes it a popular choice for riders who want to explore new trails or push themselves to new limits.However, e-MTBs are also controversial, with some traditionalists arguing that they take away from the physical challenge and purity of mountain biking.Despite this, the popularity of e-MTBs continues to grow, with many riders embracing the technology and the new opportunities it provides.
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Ejoysport Technology (SuZhou)Co.,LTD , https://www.ejoysportbike.com