The effective cost control of Fuyao Glass accelera

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Fuyao Glass: effective cost control accelerated the growth of overseas business

in the first half of 2014, Fuyao's net profit increased by 24.4% year-on-year thanks to the improvement of cost control gross profit margin and the rapid growth of overseas business. In the future, the focus of Fuyao's operation will be on international plants. After the smooth commencement of phase I in Russia, the subsequent expansion and new plants in the United States will also be implemented step by step

Why are so many experimental machines produced now

it is estimated that the EPS of the company in 2014 and 2015 will be 1.116 yuan and 2 the wear rate will be 1.284 yuan respectively, and yoy will increase by 16.59% and 15.00% respectively. At present, the p/e in 2014 and 2015 is 8 times and 7 times. In view of the stable social benefits generated by the company's domestic leading position, the positive overseas expansion, and the cash dividend rate of more than 5%, the company maintains the investment proposal of buying, and the target price is 11 yuan (2014 10x)

Zhonghua glass () Department

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