Zhejiang Sunshine: Benefit from energy saving and emission reduction (Figure)



The company is a national large-scale energy-saving electric light source manufacturing enterprise. It is a leading enterprise in China's energy-saving lamps and supporting lamps industry, and is the country's largest energy-saving lamp production and export base. The company's production scale, technology and technology are at the leading level in the domestic industry. The main products are integrated energy-saving lamps and T5 energy-saving fluorescent lamps. They have strong development and design capabilities in key production equipment and have independent production capacity of key raw materials. Such as three primary color phosphors. In addition, it is the only national electric light source enterprise technology center, and its product technology development and reserves are leading domestically. The company's products are mainly used for OEM export. The proportion of export sales to sales revenue is around 2/3. For many years, it cooperates with international lighting giants such as Philips and Osram. It is the largest energy-saving lamp export base. It is expected that the company's global sales of energy-saving lamps will reach 800 million in 2010. Only, the global market share will reach 30%-40%. The company's own brand exports account for 20% of export revenue, and there is a certain risk transfer ability for RMB appreciation. The company will be the main beneficiary of the recent series of policy support and preferential measures for energy conservation and emission reduction. The company's fundamentals are good, the recent stock price volatility is lower, the current price-earnings ratio in 2007 is about 27 times, the price-to-book ratio is about 4 times, the valuation is in the middle and small level of A-shares, and it is expected to get better support near the half-year line. attention.


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