Preliminary statistics show that accounting for over 20% of the large-diameter pipe in municipal sewer

HDPE winding enhanced the tube construction costs and reinforced concrete pipe close to 2.5 times, Prada UK.but long life, zero leakage, shorten the construction period and other obvious advantages, will gradually replace the latter.The pipe has reached more than 30% market share in Europe, a year-on-year calculation of the domestic market as well as a 40-fold growth in space.Market share is less than 0.8%, the growth potential of the company to the municipal sewer main industry, accounting for 71% of revenue.Preliminary statistics show that the large-diameter pipe in municipal sewer accounting for more than 20%, with the urbanization and upgrading of the sewage treatment rate will also increase the proportion of.12th Five-Year Plan focus on the construction of municipal sewage pipe network, Eleventh Five year on year increase of 96%.Full production, the current market share of only 0.8%, due to the presence of the alternative trend reinforced concrete pipe, the growth potential is huge.Petrochemical, power and ports and other high-end areas will expand with the market to grow steadily.Competitive advantage in production capacity, brand, technology and marketing capabilities significantly industries only four competitors for the blue ocean market.Significant competitive advantage over other competitors and capacity: ① The capacity; ② capacity layout is the most widely used is the only offsite factories experienced, also the layout of the new three production base; ③ has many success stories and brand awareness; ④ have a strong staff direct marketing capabilities; ⑤ self loaded Ge,Prada Trainers. production costs are lower than their peers; ⑥ flexible mechanism, improve the incentive system.The lack of awareness and staff direct constraining market expansion speed HDPE winding intensifier tube as a new type of pipe, the lack of market awareness, lack of industry standards, requires the use of personnel direct way to expand the market.New market development takes about two years, the sales staff less than restricting the company's pace of development.Marketing difficulties, lack of success stories and also blocked a potential entrants.The contract BT projects can accelerate market expansion, investment income earned on funds available free Ge.Risk Warning.Lower-than-expected progress of the company's new production base; 2.Local municipal pipe network construction below plan, funded 58% in view of the central budget, strict money management and appraisal system, construction is expected to be scheduled.Market uncertainty of growth in the company's growth potential, give the "cautious recommended" rating expected 12 to 14 years, earnings per share were $ 0.46/0.60/0.78 price corresponding to dynamic price-earnings ratio are 23/17/13x.As a follow-up operation to good effect, the results still upward adjustment.Tide Acer: with FION signed a strategic cooperation the diversified brand operators in the development of research institutions: Everbright Securities analyst: Tang Jiarui writing Date: November 15, 2012 Announcement Synopsis: Guangdong Fei Anni on November 14, 2012 (FION) Leather Co., Ltd. formally signed a letter of intent for strategic cooperation, tide Acer will hold, directly or indirectly,Prada Outlet. Fei Anni's equity of not less than 34% within 60 days after the signing of this letter of intent, the two sides do matters relevant equity transfer further negotiations and the signing of the Equity Transfer Agreement.The letter of intent is only an agreement of intent, the specific implementation of the content and progress of uncertainty.