129762943206093750_111Leo shares: exerting force with strategic acquisitions goes industrial pumps
Growth lower than expected during the reporting period the company achieved revenues of $ 1.289 billion, an increase of 7.89%; operating profit of 110 million dollars, an increase of 14.99%-; vested in the listed companies ' shareholders ' net income of 116 million dollars, an increase of 5.34%; $ Basic EPS0.39. Performance fell short of expectations on the one hand is the gross marginDown, on the one hand is the acquisition of Changsha Swan pump 235 million and a net profit of 25 million of revenue are not incorporated into the report. Decline in gross margins, expenses increase during comprehensive margin per cent reduction of 1.8% per cent, mainly because of falling prices of major raw materials such as wire and silicon steel is running high; as the raw materials price stability andIncrease in gross margin higher sales industrial pumps, pick-up in gross profit margin of the company will be stabilised. Company expense ratio rose during the period 1.36%, mainly industrial pump company to invest in setting up a number of subsidiaries and promoting the sale of additional costs. Acquisition strategy is progressing, Swan pumps industrial pump with the company through the acquisition of additional companies, construction of Hunan industrial pump bases, acquisition of Dalian ChinaBase and construction of Dalian petrochemical pump, introduced strategic investors such as water supplies and acquisition of Wuxi, Wuxi, China pump and a series of strategic initiatives, access to the water pump, power plants pump and petrochemical pumps and other areas of industrial pumps. These strategic measures will form a synergistic effect, positive for the company strongly expanding field of industrial pumps, end up as income baiyiji, entering the top ten global pumps industry
tera power leveling, providing system solutions and totalWorld class manufacturer of pump products laid the foundation of strategic objectives. Profit forecasts and investment ratings considering Swan pump industry
tera gold, Dalian, Wuxi, Wuxi pump and Huaneng 2012 into profit, and not to take into account the future issuance of diluted equity, we forecast the company's EPS of 2012-2014 $ 0.63, and 1.24 respectively
tera gold, March 94 closed, dynamic 2012-2013 PE-22 times and 15 times times; given the traditional small markets such as North America and Asia to develop stable growth of the water pump, and pump business and industry is in a period of rapid growth of the company, maintain the company a "buy" rating of investment. Risk raw materials prices continue to remain high impact profitability; its currency to rise significantly andWeak market in North America; new businesses such as industrial pump market fell short of expectations.
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