Author|Zhao Ling,Editor|Gu Jinfeng
Source: Jufeng Investment Advisory, Good Stock Application
The company's main business is the scientific research, production, sales, storage and transportation of civil blasting equipment, as well as blasting engineering design and construction services. The company's main products are industrial explosives, industrial pipes, industrial cables, transportation services, and blasting services.
Last week, we chose YIPLI in the field of civil explosions, and in fact, the strongest trend is still the high competition for civil explosions.
After the traditional off-season in the first quarter, the downstream demand for civil explosions is improving, especially the expansion of mining scale, and the prosperity of the industry continues to improve. In addition, Gao Zheng Civil Explosion recently said in an institutional survey that the company is gradually expanding customers in the field of water conservancy, hydropower, infrastructure and other blasting fields, focusing on the field of mine blasting services to establish enterprises with high-grade mine blasting service qualifications and capabilities. Realize the integrated operation and development of midstream production and downstream transportation, storage and blasting services.
From the perspective of the company's performance, on the evening of April 25, the company released its performance report for the first quarter of 2024. Among them, the net profit was 9.0723 million yuan, a year-on-year increase of 94.48%.
The actual controller of the company is the State-owned Assets Supervision and Administration Commission of the People's Government of Tibet Autonomous Region, which belongs to the local State-owned Assets Supervision and Administration Commission, and finally holds 166,400,400 shares of the company, accounting for 60.29% of the total share capital.
The company's planned dividend ratio in 2023 is 42.35%.
From the perspective of valuation in the past five years, despite the recent rapid rise in stock prices, the valuation level is still lower than the average of the past five years.
However, excluding the impact of the special period of 20 years, from the perspective of valuation in the past three years, under the rapid recovery of short-term valuation, we should be wary of the risk of short-term sharp fluctuations in stock prices.
(Author: Zhao Ling, Practicing Certificate: A0680615040001)
Disclaimer: The above content is for reference only and does not constitute specific operation advice, and you shall operate at your own risk and profit and loss