Summary of Investment
Investment Rating
We believe that with an enormous boom in the industry of industrial smoke treatment, the leading companies will benefit continuously from it and we see a bright future in the company`s early layout and active merger and acquisition in non-electrical sector which is expected to provide new growth impetus. We expect the 2017 to 2018 net profit attributable to the company to be 1010/1268mn, respectively, and EPS to be 0.94 and1.18, respectively, equivalent to PE of 25.2and 20.1, respectively. The target price is 30.00 RMB and the Buy rating is given. (Closing price as at 1 NOV 2017)
Graduated from the University of Science and Technology of China with a Masters degree in Management and major in Financial accounting and Economics throughout her academic study.
Currently Covering Environmental Protection and New Energy sectors as an analyst in Phillip Securities and focus on the macro policy，industry and fundamentals to explore the investment value.
