DONGXING SECURITIES

300208

2013 3 18
/

S1480111020051

ligen@dxzq.net.cn

010-66554021

2013 6

15%-20%2014 6 51%

1.
2012

2.

2PLNIPP
3

3-63
1:24-6

3.
2013-2014EPS1.250.751.841.292013
25PE10PE20
1

.:reports@genius.com.cn p1

P2

DONGXING SECURITIES

2012A

2013E

2014E

2015E

247.26

1,110.77

1,808.26

1,819.51

11.17%

349.22%

62.79%

0.62%

55.34

174.38

257.75

289.03

10.93%

215.10%

47.81%

12.13%

()

0.395

1.246

1.841

2.064

8.14%

21.10%

24.71%

22.48%

PE

36.93

11.72

7.93

7.07

PB

3.01

2.47

1.96

1.59

POSTECH
7 Microscopy OxfordMetallurgical and
Materials TransactionsMaterials Science&TechnologyMaterial Science ForumSteel Research
InternationalISIJ InternationalCorrosion Science and Technology 20
EUROMATEAPGALVA,ICEC ISIJ 2010
2011 2011
2012 2012
2012

2011
2012
2012

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DONGXING SECURITIES

P3

POSTECH
2010 2011

2011 2012 2012

2012

2011
2012
2012

2011
2012
2012

2011
2012
2012

.:reports@genius.com.cn p3

P4

DONGXING SECURITIES

300
6
15

515

-5+5

300

.:reports@genius.com.cn p4

DONGXING SECURITIES

P5

6
5

-5+5

.:reports@genius.com.cn p5