Hot columns money flow Thousands of shares and thousands of comments Individual stock diagnosis Latest rating Simulated transaction mobile terminal

　　 Changjiang Securities Liu Yuanrui

Event description:

　　 Yulong Shares It is announced today that Ili Yulong Steel Pipe Co., Ltd., a wholly-owned subsidiary of the company, obtained PetroChina Access qualification of first level material suppliers of Natural Gas Group in 2012.

Event comment:

Yili Yulong is qualified as a first-class material supplier of CNPC, and is looking forward to a big order for oil and gas transmission: Yili Yulong Company was founded on November 18, 2009, located in Xinjiang, the gathering area of oil and gas pipeline network construction trunk line. At present, the company has a production capacity of 150000 tons of high steel grade high-strength spiral submerged arc pipes, which is an important link in the company's strategic layout of the east and west branches and trunk lines. However, due to the influence of supply qualification, Yili Yulong Company has suffered from insufficient orders and production capacity, which has affected its performance. The qualification of Yili Company as a first-class material supplier of CNPC indicates that the company has been recognized by CNPC, which is conducive to the company's undertaking of relevant orders in the future, especially when the West East Gas Pipeline 3 starts, and the supplier qualification is expected to promote the company's capacity release.

Of course, obtaining the qualification of first-class material supplier does not mean that the company can obtain relevant orders, but at least the Xinjiang subsidiary has passed the first threshold. In addition, the company also has experience in supplying major projects in the past, which is conducive to the company obtaining orders related to the West East Gas Pipeline 3 and other projects.

Deepen product upgrading and regional layout, and look forward to the release of raised investment capacity: in the first half of this year, the company made a change in the implementation site of raised investment projects, which will enable the company's headquarters to produce submarine oil and gas pipelines and the strategic layout plan for China's Sichuan region with large proven shale gas reserves, which is also consistent with the company's long-standing "industrial upgrading+regional layout" Long-term strategic direction. At the same time, the improvement of the company's future performance mainly depends on the gradual release of the production capacity of high gross profit varieties of raised investment projects.

It is estimated that the company's EPS in 2012 and 2013 will be 0.37 yuan and 0.55 yuan respectively, maintaining the rating of "prudent recommendation".

[Enter the stock market]