Weichai Power's 2010 annual report disclosed that in 2010, it achieved a total operating revenue of 6,239,654,400 yuan, an increase of 78.13%, and an operating profit of 924,518,900 yuan, an increase of 104.17%, and a net profit of 678,214.54 million yuan, an increase of 99.04%. Its 2010 earnings per share was as high as 4.07 yuan, and its operating income per share was as high as 37.98 yuan, ranking the forefront of comparable companies.
The company's annual report disclosed that in 2010, the company sold a total of 414,000 heavy-duty engines, an increase of 83% year-on-year, and 23.1 percentage points higher than that of the same industry. The company expects sales revenue in 2011 will reach around 73 billion yuan. The company announced its 2010 distribution plan at the end of March and plans to pay 4.3 yuan for every 10 shares.
In terms of market conditions, the company implemented a plan to convert capital reserve into capital for every 10 shares for 10 shares at the end of 2010. The ex-rights day was December 6, 2010. Affected by this, its daily line has continued to undergo horizontal consolidation since December 7 last year, but its trading volume has been relatively high during this time.
GF Securities raised the company's 2011 earnings forecast to be 4.89 (+15%) yuan. It is expected that the company's performance level for 2011-2013 will be 4.89 yuan, 5.36 yuan and 5.72 yuan. In the short term, the company's orders are continuing until May. There are few uncertainties in the first half of the year, and it is expected to achieve more than 20% growth in the first quarter. Therefore, to maintain the rating of the company, the company's valuation level is 13 to 15 times more reasonable .
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