Date of writing: 2008-05-14
Performance forecast and rating.
The winning bid is expected to increase the company's income by 6069-10.54 million yuan and increase the income forecast by 2.8%-4.8%. At the same time, the exchange loss prediction is revised ((the first quarter report shows that the exchange loss exceeds the forecast of the annual report). In this report, we raise the EPS of 0.02 yuan in 2008 (up 4.2%) and consider the diluted share capital Zhejiang Sunshine (07/08/09) EPS0.45/0.50/0.57 yuan, PE23/20/18 times in 07/08/09, current price 13.31 yuan, target price 15.00 yuan, overweight rating), the long-term significance of government purchase orders is to improve the pricing power of domestic brands .
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