Superaudio induction heating equipment is mostly used for surface quenching of industrial metal parts. It is a kind of metal heat treatment method that makes the workpiece surface generate a certain induced current, quickly heat the surface of parts, and then quickly quench. Super audio induction heating equipment, that is, induction heating of the workpiece, in order to quench the surface of the equipment. Ultra Audio,Ultra Audio Heating,Heating Equipment,Heating Machine Ningbo Yufeng Electronics Co., Ltd , https://www.yufengheating.com
Zhongjin Lingnan (Quotes, Information): 2006 EPS 1.71 slightly lower than expected
Comments: Zhongjin Lingnan (000060) 06 annual report shows that the company's annual main business income of 62.40 billion yuan, an increase of 47%; net profit of 1.135 billion yuan, an increase of 309%; diluted EPS 1.71 yuan, slightly lower than us The previous forecast of 1.82 yuan (the main reason behind the forecast is the rapid decline in zinc prices at the end of the year); the company allocated a plan to send 1 share for every 10 shares to send 6 yuan.
The company’s main product output in 2006 was 146,200 tons of lead-zinc concentrate, which was a year-on-year increase of 2.36% (including 100.6 million tons of zinc concentrate, which was a year-on-year increase of 3.52%; 45,700 tons of lead concentrate, which was the same as last year); The metallurgy amount was 213,000 tons, a year-on-year decrease of 19.58% (including 137,700 tons of zinc, a year-on-year decrease of 24.11%; lead of 75,300 tons, a year-on-year decrease of 9.71%), and silver production of 16,5.1 tons, a year-on-year decrease of 17.77%. The above output is basically in line with expectations. The significant year-on-year decline in the amount of metal smelted was caused by the company's environmental shutdown at the beginning of the year that caused the suspension of work in February. The substantial growth of the company's earnings in 2006 basically depends entirely on the year-on-year increase in the prices of metals (zinc, lead, and silver).
It is expected that in 2007, the company will produce 150,000 tons of lead-zinc concentrate (including 102,000 tons of zinc concentrate and 48,000 tons of lead concentrate) and 280,000 tons of smelted metal (180,000 tons of zinc and 100,000 tons of lead). We expect the price of lead and zinc metals to fluctuate at a high level in 2007. It is estimated that the company's main business income in 2007 will be 7.539 billion yuan, net profit 1.696 billion yuan, and EPS 2.81 yuan, and maintain its investment rating of "overweight".
Yunnan Copper (information, information): 06 EPS1.51 yuan higher than expected, maintaining holdings rating
Comments: Yunnan Copper (000878) 06 annual report shows that the company's annual main income of 28 billion yuan, an increase of 108.9%; total profit of 1.445 billion yuan, an increase of 146.6%; net profit of 1.205 billion yuan, an increase of 143.7% ;EPS1.51, slightly higher than our previous forecast of 1.39 yuan. The major reasons for the company's strong year-on-year performance were sharply higher copper prices, and the price-sharing terms (PP) for imported copper concentrates have enabled smelters to share some of the benefits of copper price increases. In 2006, 10 pre-arrangements were distributed for 5 yuan.
In 2006, the company’s copper production (including commissioned processing volume) was 360,000 tons, up 12.5% ​​year-on-year; sulfuric acid was 670,000 tons, which was the same as last year; gold was 10.02 tons (including 8.44 tons of processed gold), an increase of 66.67% year on year; silver was 435 tons. The year-on-year increase of 7.94%. The above output is basically in line with expectations. Since the company's additional issuance has been completed, the company has become a resource-based company with approximately 3 million tons of metal amount of copper ore since 2007. It is expected that the company will produce 78,000 tons of copper concentrate in 2007 and produce 400,000 tons of refined copper. We forecast that the copper price will remain high in 2007; forecast the company's diluted EPS of 1.70 yuan in 2007. Maintain "overweight" investment rating.
Machinery and Power Equipment Industry
Qinchuan Development (000837) (Quotes, Information): Performance is not as expected, long-term promising
The company released the annual report: In 2006, the company realized main business income of 645 million yuan, a year-on-year increase of 10.23%; net profit of 405.4 million yuan, a year-on-year decrease of 12.6%; earnings per share of 0.174 yuan, an increase of only 0.004 yuan compared to the first three quarters of 2006 .
Comments: The main reason for the unsatisfactory performance was the significant increase in the administrative expense ratio, which was 10.9% in 2006 and a year-on-year increase of 2%. We are optimistic about the improvement of the company's fundamentals and the improvement of the macro environment, such as the company's transfer of some shares in Qinzhong Electronics, the progress of the company's high-end products, the return of value-added tax, the integration of the group, etc. It is recommended that "holdings" be increased.
"Nanfang Daily": Guangdong Province, thermal power "large pressure small" set a timetable
Not long ago, Guangdong Province had signed the "Responsibility for shutting down small thermal power units" with the National Development and Reform Commission, and issued the "Guangdong Provincial Implementation Plan for the Shutdown of Small Thermal Power Units." During the “Eleventh Five-Year Plan†period, Guangdong Province will ensure the closure of 9 million kilowatts of small thermal power units, and strive to close down 10 million kilowatts of small thermal power units. The provincial government of Guangdong province and the leaders of the local cities, Guangdong Power Grid Corporation and the Yudean Group have signed a letter of responsibility for shutting down and shutting down small thermal power units during the “11th Five-Year Plan†period, which means that shutting down the small thermal power units in Guangdong has been fully started.
“Small pressureâ€: During the year, about 2.2 million kilowatts of small thermal power units will be shut down. It is planned to shut down approximately 3.85 million kilowatts in 2008 and shut down approximately 3.01 million kilowatts in 2009. "Shangda": The power capacity of 8 million kilowatts will be put into operation this year. Break through the energy bottleneck: At the end of the “Eleventh Five-Year Planâ€, clean energy accounted for 43.5%. Accelerate the upgrading of clean and efficient gas and wind power in the province's energy consumption structure, and gradually reduce its dependence on traditional fossil fuels.
Comments: At present, China's overall plan for power construction is to develop clean energy, thermal power "on the big pressure." The series of power-construction plans formulated by Guangdong Province also fully reflects this point, and the implementation of responsibilities to specific departments and responsible persons is more conducive to the implementation of the plan. We believe that the investment opportunities for listed companies in the future of electric power equipment are still in the clean energy industry with huge development space, such as wind power and nuclear power.
Automotive and automotive parts industry
Brilliance, Chery and Geely are included in the statistical scope of economic benefits of key enterprises in the national automobile industry
According to the China Association of Automobile Manufacturers, due to the rapid development of three companies such as Brilliance, Chery, and Geely in recent years, they all entered the list of the top ten automotive manufacturers in China in 2006, becoming a key player in China's automobile industry. In order to objectively and timely reflect the development of the automotive industry, China National Automobile Association decided that from 2007 onwards, these three companies should be formally included in the statistical scope of economic benefits of key enterprises (groups) of the national automobile industry.
Currently, the key industrial companies (groups) included in the statistics are FAW, Dongfeng, SAIC, BAIC, Chang'an, NAC, CNHTC, Hafei, Jianghuai, Southeast, Changhe, Qingling, Jinbei and Guangzhou Automobile.
Comments: After the expansion of the scope of the company includes both joint ventures, including independent brand companies, and the number of independent brand companies is increasing, which is both a reflection of the new competitive landscape in the automotive market, but also conducive to a more comprehensive and objective reflection The current situation of the economic benefits of key enterprises.
The principle of super audio induction heating equipment: it is the use of high frequency current flow direction is wound into a ring state or the shape of the heating induction coil, high frequency induction is usually made of red copper hollow pipe. A powerful magnetic beam that generates a transient change of polarity in a high-cycle induction coil places the metal in need of heat treatment in a high-frequency coil, and the magnetic beam penetrates the entire heated metal object. In the interior of the induction heating object and the induction heating current in the opposite direction, the corresponding strong eddy current. Because there is resistance in the induction heating metal, so strong joule thermal energy is generated, so that the temperature of the induction heating object rises rapidly, so as to achieve the purpose of heat treatment. Therefore, super audio induction heating equipment in the industry, can also be called: high frequency induction heating equipment; High and medium frequency induction quenching equipment; Induction diathermy equipment; High frequency quenching machine, high frequency induction heating machine, high frequency welding machine.
Performance and characteristics of super audio induction heating equipment:
Fast heating: the fastest heating speed is less than 1 second, (the speed can be adjusted and controlled)
Wide heating: can heat all kinds of metal workpiece (according to the different shape of the workpiece to replace the detachable induction ring)
Easy to install: connect the power supply, the induction ring and the water pipe can be used; Small size, light weight, very easy to use
Easy to operate: It can be learned in minutes
Quick start: heating can be started after the water is connected to the electricity
Less power consumption: about 70% power saving than the old vacuum tube high IF equipment, the smaller the workpiece, the smaller the power consumption
Good effect: heating is very uniform (can also adjust the density of induction ring, so that each part of the workpiece to obtain their own required temperature), fast heating, less oxide layer, no waste after annealing
Power adjustable: stepless adjustment of output power
Full protection: with over voltage, over current, over heat, water shortage and other alarm instructions, and automatic control and protection