Nanshan Industrial Development Aluminum Deep Processing Faucet

Evergreen Securities Research Institute Heng Kun said that even in accordance with 1 times the conservative market rate, Nanshan Industrial Shares after the stock price should also be above 4.3 yuan. As the hot-rolled and cold-rolled projects are put into operation within the year and will be effective in 2007, the company's dynamic P/B ratio for the next 12 months should be more than 1.2 times, that is, the reasonable stock price is 5.6 yuan. However, if the Group is able to load alumina- and aluminum-foil project-related assets into listed companies at a reasonable price in the future, the company’s reasonable value is expected to increase further. Give the company an "Optimum-2" investment rating. Heng Kun pointed out that the company has completed the business transformation of aluminum-based processing. Since 2000, after several asset replacements and major expansions in the aluminum processing industry, the company has successfully transformed from a textile company to an aluminum processing company. It is expected that more than 90% of the company's main business revenue will come from the aluminum processing industry as the hot rolling and cold rolling projects are gradually put into production.