middle pipeline 哈尔滨理工大学怎么样

CAITONG International: give Beijing holdings to buy rating watch HK $47.9 hot column capital flows thousands thousands of stocks the latest Rating Rating diagnosis simulated trading client Sina Finance client: the most profitable investors in Hong Kong stocks through market mechanism level2 Beijing gas in the middle reaches of Beijing, business cards, gas pipeline and Yanjing Beer Beijing Holdings, announced a stable the 15 year interim results: the first half of the group’s revenue of HK $29 billion 310 million, an increase of 30.7%, depends on Beijing gas sales increase. Group gross profit of HK $5 billion 284 million, an increase of 11.2%, gross profit margin of 18%, down 3.1% points, due to the rise in non civil gas purchasing prices. Other income was 386 million Hong Kong dollars, down 24.4%, including government funding of HK $114 million, down 32.5%. Selling expenses only 0.1%, to HK $1 billion 258 million, will help improve profitability. Administrative expenses 1873 Hong Kong dollars, an increase of 13.8%. Other expenses 149 million Hong Kong dollars, saving 8.5%. The core operating profit of 2 billion 389 million, an increase of 8.9%, mainly due to the increase in gross profit and sales expenses diminished. Interest expense increased by HK $669 million, and bank loans and issuing bonds increased during the period of 19.2%. The chain should be accounted for after tax profit of HK $2 billion 260 million, an increase of 34.6%, including the Beijing oil pipeline should be accounted for 40%, 22.53%, Chinese gas rights rights bewg 43.88% rights. The core of the pre tax profit of HK $3 billion 981 million, an increase of 20.1%, mainly due to Beijing gas and should be accounted for under the profit driven. Recorded during the period of reduction under one-time profit of HK $1 million 200 thousand (the last year for bewg placing at HK $326 million). The pre tax profit was 3 billion 982 million, which was increased by 9.4%. The reported profit was 3 billion 103 million Hong Kong dollars, an increase of 10.1%, or HK $2.416 per share, which was basically equal to the core profit during the period. The core growth was roughly comparable to the core pre tax profit. The group’s biggest profit source was Beijing gas. In the first half of 15, the income of the branch was 20 billion 886 million HK dollars, which increased by 45.6%. Segment gross profit was HK $2 billion 145 million, up by 16.8%. Segment operating profit of HK $1 billion 300 million, an increase of 9%, accounting for 56%. During the period of natural gas sales of 6.04 Bm3, increased 29.1%, high benefit wells, Jingxi, Gaoantun power plant put into operation in the end of 14, a one-time increase in power consumption. During the period, there were 61300 natural gas residential users and 1673 public users; the heating boilers had a total load of 1351.7 tons of steam in summer. Beijing gas capital expenditure in the first half of 1 billion 464 million Hong Kong dollars. The expected power plant production driven gas sales growth, water drive, Beijing holding 15 years annual income of approximately HK $61 billion 369 million, up 29%; middle pipeline, chain of water group profit growth, profit attributable to shareholders may be HK $5701, an increase of 26% core rough, or HK $4.44 per share. Current price 39.5 port theory

财通国际:给予北京控股买入评级 看47.9港元 热点栏目 资金流向 千股千评 个股诊断 最新评级 模拟交易 客户端 新浪财经客户端:最赚钱的投资者都在用 港股level2行情 翻看机构底牌   经营北京燃气、北京中游燃气管道、和燕京啤酒的北京控股,公布了稳定的一五年中期业绩:上半年集团收入 29,310百万港元,同比大增30.7%,有赖于北京燃气销量大增。集团毛利5,284百万港元,同比增11.2%,毛利率18.0%,跌3.1%点,因非民用燃气采购价格上升。其它收入386百万港元,跌24.4%,当中包括政府资助114百万港元,跌32.5%。销售开支稍减0.1%,至1,258百万港元,有助提高盈利。行政开支1,873港元,增13.8%。其它开支149百万港元,节省8.5%。核心经营溢利约为2,389百万,同比增8.9%,主因毛利增加和销售开支稍减。   利息开支669百万港元,增19.2%,期内银行贷款和发行债券增加。应占联号税后溢利2,260百万港元,增34.6%,包括应占中石油北京管道40%权益、中国燃气22.53%权益、北控水务43.88%权益。核心税前溢利约为3,981百万港元,增20.1%,主因北京燃气和应占联号溢利带动。期内录得减持联号一次性溢利1.2百万港元(上年度因北控水务配售录得326百万港元)。计入这一次性溢利的报告税前溢利为3,982百万,增9.4%。报告股东溢利为3,103百万港元,增10.1%,或每股2.416港元,也基本等于期内核心溢利,核心同比增长粗略跟核心税前溢利相若。   集团最大盈利来源为北京燃气,一五年上半年分部收入20,886百万港元,大增45.6%。分部毛利2145百万港元,增16.8%。分部经营溢利1300百万港元,增9.0%,占比56%。期内天然气销量6.04 Bm3,大增29.1%,受惠高井、京西、高安屯热电厂于一四年末投产,一次性提高了发电用气量。期内集团天然气住宅用户有61,300个,公共用户1,673个;采暖锅炉,夏季负荷合共1,351.7蒸吨。上半年北京燃气资本开支1,464百万港元。   预期热电厂投产带动燃气销售,水务增长带动下,北京控股一五年全年收入约为61,369百万港元,增29%;中游管道,水务联号盈利增长,集团股东应占溢利可能有5,701港元,核心同比粗略增26%,或每股4.44港元。现价39.5港元暗示一五年历史市盈率可能仅有8.9倍。尽管一六年热电厂投产带动盈利增长效应消失,集团盈利可能仍保持一定增长,现价暗示一六年估值更偏低。财通国际给予北京控股“买入”评级,公平价值约为47.9港元,或一六年预期市盈率10倍。风险为北京燃气盈利呆滞,燕京啤酒盈利下跌,拖累集团盈利下跌,估值下调。(双双) 进入【新浪财经股吧】讨论相关的主题文章: