2010 Chengfei Automotive Molding Business Will Increase by More Than 20%

As the delivery of major products of Chengfei Group increased year by year, the company's CNC processing business maintained a continuous growth trend, and the proportion of its business structure also gradually increased. We expect the revenue and profit of this business will maintain a growth rate of 25%-30% in 2010; the auto mold business will grow by more than 20% in 2010: the automotive mold business will receive orders to confirm revenue for 8-12 months At the time, as the economic situation in 2008 was not good, the company's auto mold business in 2009 was down. With the prosperous auto industry in 2009, auto plants have stepped up the launch of new models. Since the second half of 2009, the number of orders has increased rapidly.

It is expected that the auto mold business will achieve an increase in revenue of more than 20% in 2010; for the first time, it will give "prudent recommendation-B" investment rating: The company's main business includes aeronautical parts CNC machining and automobile mold manufacturing. Benefiting from the rising prosperity of China's aviation manufacturing industry and automobile manufacturing industry, the company's performance in 2010 will achieve a 25% -30% growth. EPS is expected to be 0.34, 0.42, and 0.53 yuan for 09, 10, and 11 years, which gives the average valuation of the company's aerospace and military sector. The target range for six months is 18-20 yuan, and the investment rating for “prudent recommendation-B” is given for the first time. .