Robot: military industry market with sustainability
2016/7/1 view:
Original ideas: the company does have the unique advantage, it is the result of their unique mode of thinking, and thinking mode is the result of their volatile business environment, where labor is enough, but the cost is low but most of the lack of professional technology;Poor infrastructure.Often unpredictable changes in regulation.Compared with the developed world across the company, they are more impatient, the time sense of urgency.They open arms, embrace those established multinationals to ignore.They had greater appetite for risk, also has a higher tolerance for failure.Such qualities, help them quickly from the local market expansion to other markets around the world -- -- -- -- -- - harvard business review.They came from lenovo, huawei, haier, domestic as well as the next siasun.
The main points of the investment: the industrial chain length determines the thousands of miles away.Chain length is to measure the control ability of the industry, the company as a leading intelligent equipment, industrial chain across five parts, is the present domestic intelligent equipment covers the longest chain of manufacturers.The longer the chain the easier merger and other industrial chain, and continuously expand, prolong the cycle of scale expansion.
Robot monomer leading, the company has a comprehensive system integration ability.Domestic intelligent equipment supplier with professional automation equipment is given priority to, more compressed industry chain nodes, the industrial chain covering four parts.Company has monomer manufacturing capability, and constantly expand the downstream segment of the market, has become a comprehensive automation equipment suppliers.
Military industry market have continuity, the company unique.Intelligent equipment industry chain has gradually penetrate into the military industry, the company successfully entered the AGV, robot, spare parts and other military industry market, have the first mover advantage.Compared with foreign brands, local power over foreign brand.
Is the company's future development direction of smart services market.Appliances development history, the civil market always enjoy bonuses industrial technology is mature, intelligent technology in industrial technology unceasingly mature and grow, will speed up the intelligence service market, the company reserves is excellent, waiting for the results.
Profit forecast: we expect the diluted EPS from 2012 to 2014 were 0.77, 1.10, and 1.44 yuan, respectively corresponding to the PE 33, 23, 17 times.14 years for 17 times PE, to maintain the company "strongly recommended" rating.
The main points of the investment: the industrial chain length determines the thousands of miles away.Chain length is to measure the control ability of the industry, the company as a leading intelligent equipment, industrial chain across five parts, is the present domestic intelligent equipment covers the longest chain of manufacturers.The longer the chain the easier merger and other industrial chain, and continuously expand, prolong the cycle of scale expansion.
Robot monomer leading, the company has a comprehensive system integration ability.Domestic intelligent equipment supplier with professional automation equipment is given priority to, more compressed industry chain nodes, the industrial chain covering four parts.Company has monomer manufacturing capability, and constantly expand the downstream segment of the market, has become a comprehensive automation equipment suppliers.
Military industry market have continuity, the company unique.Intelligent equipment industry chain has gradually penetrate into the military industry, the company successfully entered the AGV, robot, spare parts and other military industry market, have the first mover advantage.Compared with foreign brands, local power over foreign brand.
Is the company's future development direction of smart services market.Appliances development history, the civil market always enjoy bonuses industrial technology is mature, intelligent technology in industrial technology unceasingly mature and grow, will speed up the intelligence service market, the company reserves is excellent, waiting for the results.
Profit forecast: we expect the diluted EPS from 2012 to 2014 were 0.77, 1.10, and 1.44 yuan, respectively corresponding to the PE 33, 23, 17 times.14 years for 17 times PE, to maintain the company "strongly recommended" rating.
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