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tiffany lock key ring Own core technology, topgross benefitmargin levels: Our main products are gas sensors and gas detection instrumentation. With the core technology, gross margin was upperthan similar enterprises. Gas sensor gas detection instrument is the core component, the corporate is the one method to simultaneously produce 4major kinds of gas sensor products business, the leading gas sensor technology. Therefore, the corporate achieved gross margins above 50%, upperthan the typical of similar listed companies.

Own core technology, topgross benefitmargin levels: Our main products are gas Sensor And gas detection Instrumentation . With the core technology, gross margin was upperthan similar enterprises. Gas Sensor Is the gas detection Instrumentatiat the core components, the corporate is the one method to simultaneously produce 4major kinds of gas sensor products business, the leading gas sensor technology. Therefore, the corporate achieved gross margins above 50%, upperthan the typical of similar listed companies.

Actual controller: the corporate's controlling shareholder is Mr. Ren Hongjun, actually controlled by Mr. Ren Hongjun, and Miss Zhong Chao. Jun Ren, Chung-chiu, husband and wife, they're the corporate's founding shareholders, the corporate was founded 60% stake, respectively, 20%; during the equity transfer and capital increase and percentageexpansion, the date of factorJun Ren 36.032 %stake, for the corporate's largest shareholders, factorshares before the bell over 16.565%, for the corporate's second-largest shareholder, the date of issue, together, holding 52.597%, Jun Ren has served as chairman, Chung Chao as an immediateor tiffany rings on sale.

cheap tiffany rings Main and product analysis: the corporate's products include gas sensors, respectively, and gas detection instrumentation and control system, accounting for respectively 15% and eight5%. From the income, benefitperspective, the two007, 2008, revenues increase by 122.99%, 50.01%. 20087,2008-year internetbenefitexpansionof one69.38 percent, 50.0fivepercent, operating income and benefitexpansionof just about the similar proportion, but overall, very small companies Sell Income of not up to 1000000, not up to three0 million proslot in 2008, continues to be a comparatively small company.

researchof induscheck outtrends: civilian gas detection instrumentation market is in a mildgrowth, as a result of lower technical threshold of such products, which manufacturers and more competition, Hanwei Electronic Future market percentageon this area will basically be capable of be maintained.

commercialgas detection instruments within the domestic market increased rather rapidly, the once a year compound expansionrate of three0%. As Hanwei Electronics continued to enhance, foreign enterprises on this field meritis gradually being undermined, at the same time aslocal service companies both domestic enterprises the good thing a fewll of the above factors will allowthe corporate to gradually increase market share.

Police gas detection instruments simplythe domestic market in recent times the upward push of the market are mainly imported products, three way partnerships, and a couple of domestic companies own product R & D products, the market is more dispersed; as Hanwei Electronics alcohol detector performance and that imported products, but costsnot up to imported products, is predicted within the following few years Hanwei electronic gas detection instruments for police market percentagewill increase tiffany rings sale.

discount tiffany rings Fundraising project: to boost funds on this place, the corporate intends to spend money on the next three items: first annual 80 000 7five000 infrared gas sensors and an infrared gas detection instrumentation projects; second annual output of two50,000 units Electrochemical gas detection instrumentation project. the 2 projects will decoratethe corporate's overall product yield and function, expand the dep.h and breadth of our products, to take care of its sensors and detection instruments within the field of professionalduct-related advantages. The third project is the buyer Marketing Network construction project, the professionalject will decoratethe corporate's service levels, improve the promoting network, and additionaldecorateour overall competitiveness.

Earnings forecasts and that investment advice: in line with our earnings forecast, 2009-2011 performance by the corporate issued percentagecapital is calculated as 0.70,0.88,1.12 yuan / share. because the corporate's products with toptechnical barriers, the will for strict certificatidirectly to go into the industry, as well as, the corporate's products used within the field of commercial safety, so the memory within the industry, competitive meritwithin the short term is tricky to be broken, with a stable expansion. We follow the two00ninePE of three8 times the valuation of fair priceand a couple of6.6 yuan / share. We give the corporate in 200ninediluted earnings per percentageof three5-40 times PE for the inquiry according to the valuation diversityis two4.five- 28 yuan / share.

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