| Railway security, the economy is better than highway and civil aviation transport, which would enable it to compete to survive and develop. Especially in the long-distance passenger and freight transport in a distinct competitive advantage; The railway is safe, low cost, generic good comparative advantage.The distribution of the country's resources with regional economic development is not very balanced, coal resources are mainly concentrated in the central and western Shanxi, Shaanxi, Inner Mongolia and the western "three West", the country's total coal reserve of 75% of the total reserves; The main consumer of coal are concentrated in the southeast coastal economic development; So formation of the "East West coal shipped" situation.Rail transport its low cost, large volume, long distance features, particularly for the transport of coal and other bulk cargo, a "West coal Games" the most important mode of transport, accounting for the transport of more than 90%. Daqin independently operated companies Daqin Railway, Fengshada, such as North Upgrading lines are "three West" in the North Channel coal an important component of the channel, with around coal producing areas, such as convenient transport advantages iron, coal transportation accounted for the Western Shanxi, Mongolia, North coal capacity of 90%, and maintained a rapid growth momentum. Daqin line completed in 2006, the volume of 250 million tons, of which 145 million tons through the port of Qinhuangdao in the Yangtze River Delta five coastal provinces, local economic development has provided sufficient impetus support. From a macroeconomic view, the Chinese economy is now in a new period of steady growth. With sustained economic growth, energy, raw materials and bulk cargo transport demand will continue to maintain a rapid growth in domestic electricity and metallurgical coal, and other key industries will maintain growth momentum. According to the Chinese power industry development plan, by 2010, the total installed power capacity will reach 8.4 million kilowatts, of which 5.93 million kilowatts installed coal. According to the State Development and Reform Commission issued the "development of the coal industry," 11th Five-Year Plan ", By 2010, the total demand for coal 2.6 billion tons, of which transferred the production of Shanxi, Shaanxi ,Mongolia and Nixia1.315 billion tons, accounting for 82.2% of the increment. Continued growth in demand for coal transport company's main business continues to grow create a good external environment.In October 2006, the state issued a "railway" 11th Five-Year Plan "," to the development of railway construction in the main objective, by 2010, total coal channel capacity will reach 18 million tons, Daqin line, the transportation capacity of 400 million tons. With the technological content and higher level of security, rapid passenger and freight rail transport has become a heavy development direction. As with the first class, the world's most advanced technology heavy rail transport enterprises in the coal transportation company with a strong comparative advantage and core competitiveness, and the future worth looking forward to.According to the Chinese Academy of Social Sciences, "2007 China Economic Situation Analysis and Prediction Blue Book" forecast, in 2007 the Chinese economy will continue to maintain 9.6-10.1% of the rapid development momentum. From industry development, the railway as a typical capital-intensive and technology-intensive industries, with the acceleration of the country's industrialization progress in the next period of time is facing a rare opportunity for development investment. Daqin based company market demand for coal transport and existing transportation, technology, equipment, and loading capacity study, in 2007, Daqin line up to 300 million tons of capacity. The sources, mainly from Pingshuo Coal Mine, with the dust Zhungeer Energy's output growth. On the export front, with Qinhuangdao loading capacity for the further growth and the opening of the railway Cao transfer operations, the volume growth will provide a guarantee.Daqin Railway Corporation through continuous acquisition of assets of the Ministry of Railways coal transport routes and build a new coal transportation company, has completed three lines from the "Daqin company" owns the coal transport to the integrity of the line "China Railway coal transport company" changes. The Daqin Railway Corporation, the integrity of China's coal transport line assets into Daqin Railway Corporation, Daqin Railway solve the long-term growth of the company, which allows companies to enjoy long-term economic growth in China coal transport demand. We referred to as "Daqin Railway" to "China Railway coal transport company" restructuring.The company forecast intrinsic value are intended to make the company concerned investors in shares (market price) below its intrinsic value, or a company's stock undervalued, with the more obvious safety marginal intervene, thus intrinsic value of shares to the company can profit by interference. Because of the domestic A-share market is a high-speed development period, or at an average price has exceeded the valuation method used by the calculated level of the intrinsic value. Daqin companies in a monopoly industry some advantages, company performance and better stability and growth, therefore, all companies in China Daqin coal transport integrated circuits can enjoy a premium valuation. Daqin price below 13 yuan worth of investment and trade opportunities. |
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