A super behemoth like a nuclear power ship, with a displacement of more than 170,000 tons and a production capacity of 20 ships a year, can only be called crazy and unbelievable in the eyes of foreign counterparts.
But this is the industrial manufacturing strength of the big Eastern countries. Six of the top 10 shipyards in the world are owned by the big Eastern countries. Counting the Nuclear Power Shipbuilding Corporation, it is certain that it will be among the top 10 shipyards in the world. That is, 7 of them are domestic.
There are 1,095 large-scale shipbuilding industry enterprises in the large Eastern countries. The number of orders held by Dongda's shipbuilding companies accounts for more than 75% of the total share of the global shipbuilding industry, and its shipbuilding capacity is 67 times that of Ah Mei.
That’s right, it’s 67 times that of Ah Magnesium. This is Dongda’s current industrial manufacturing strength.
Without this industrial foundation, Fang Hong would not be able to say that he would launch 20 nuclear power ships a year. The other six shipyards that can rank among the top 10 shipyards in the world are all capable of manufacturing nuclear power ships, and their OEM services are complete.
No problem.
In fact, the shipbuilding industry is also booming now. Think about it, this industry used to have a profit margin of 20% to 30%, but now it only has a profit margin of 2%, 3%, or 5%. It shows how much it has grown.
Fang Hong thought for a moment and said in a deep voice: "When the time comes, dump the order and let these large shipping companies participate in the OEM bidding and give them 5% of the OEM profit for each ship."
Needless to say, in the current situation of the shipbuilding industry, if a 5% OEM profit is given, those shipbuilding companies will have to rush to get the OEM, because the profit of the current shipbuilding industry orders generally does not reach 5%, or even 2%.
Someone picked up.
Fang Hong added: "In order to prevent them from overexerting themselves, the 5% OEM profit given to them cannot be reduced. The price of nuclear power ships cannot be compromised, only the OEM quality and delivery efficiency."
Tian Jiayi lowered his eyebrows and said nothing, his hands were not idle, and he was silently memorizing Fang Hong's instructions.
If the OEM profits are not fixed, the shipbuilding companies that participate in the OEM bidding will definitely have to quote a profit of 4% in order to be successful in the bidding.
If you offer 4%, he may offer 3% OEM profit.
No matter who wins the bid, 5% of the OEM profit will be given, so the bidding shipbuilding companies will definitely focus on other aspects, either on OEM quality, or on OEM ship delivery efficiency, etc. This is what Fang Hong hopes to see.
With the efficiency of launching 20 nuclear power ships a year, it will only take 6 years to deliver all 122 nuclear power ships. All launches will be completed by 2027, and the last batch will be able to operate for about 23 to 28 years before space photovoltaic power stations are ushered in.
Come, then there will be no problems.
For the Nuclear Power Ship Group Company, it is completely acceptable to give up 5% of the profits. If it sticks to this 5% of profits, it will only be able to deliver 30 nuclear power ships in six years, which means that the profits will be reduced by more than 65%.
Because the most profitable thing about a nuclear power ship is not the profit from the shipbuilding itself, but the subsequent maintenance and upkeep, which is guaranteed even in droughts and floods. The more ships are launched, the more money can be made from this area. The 65% reduction in profits is reflected in the logistics and maintenance.
piece.
The maintenance costs of 30 nuclear power ships and the maintenance costs of 122 ships are several times different in profit. Even a primary school student knows how to calculate this account.
Finally, this matter was laid out, and Fang Hong moved to the SGX market: "After the market closes on Friday, July 3, the SGX market adjustment draft of new regulations for the trading mechanism will be released."
Tian Jiayi nodded: "Okay."
The last major innovation of SGX was the new delisting regulations last year, and the adjustment of the trading mechanism this year is another major innovation. The development of SGX is gradual and has a clear strategic plan.
A draft opinion will be issued for this adjustment in July to give the market an expectation, and the specific implementation will not be implemented until around October.
After the new regulations are implemented, the SGX market will be adjusted from the current trading mechanism of T 3 for institutions and T 1 for individual small and medium investors to a trading mechanism of T 1 for institutions and T 0 for individual small and medium investors.
When the rumor was released before, the market response was very good and generally supported it. Especially small and medium-sized investors had no reason not to support it. They also hoped that this rumor was not just a rumor and that it would really come to fruition.
Fang Hong then asked: "In addition, how is the Nuclear Power Shipbuilding Group's listing on the SGX market?"
Hearing this, Tian Jiayi replied: "Everything is ready, and it will be launched on the SGX market on June 9, which is next Tuesday."
The listing of Nuclear Power Shipbuilding Group Co., Ltd. has been in preparation for more than three months, and the listing was already being promoted in February.
After landing on the SGX, the stock trading code is "681689" and the stock name is "China National Nuclear Shipbuilding Corporation". The name or code of this stock can now be searched on the SGX market, but it has not yet been listed.
CNNC Shipbuilding has a total share capital of 33 billion shares, an issuance market value of 136.5 billion yuan, raised 36.855 billion yuan, issued 8.9237288 million shares, accounting for 27% of the total share capital, and the issue price was 4.13 yuan per share.
The fund-raising scale is the largest for A-shares this year, and it is also the largest fund-raising scale on the SGX market in the past two years. It also ranks among the top ten fund-raising scales since the opening of the SGX market.
The company is a joint venture between Qunxing Group and Jiangnan Shipyard. It was previously operating at a loss, but this year it will turn a profit with the launch of a nuclear power ship and a 25,000TEU ultra-large container ship.
The current valuation is based on next year's production capacity, and the corresponding net profit is expected to exceed 4.55 billion yuan, corresponding to a price-to-earnings ratio of about 30 times.
Given a valuation of 136.5 billion, it will directly become the number one stock in the market value of marine equipment. Shenwan Industry, a subsidiary of CNNC Shipbuilding, is a national defense industry/navigation equipment. Currently, the number one stock in the industry sector with a market value of 74.9 billion is Zhongguo Heavy Industry, followed by Zhongguo Heavy Industry.
The domestic shipbuilding industry is worth 25 billion, followed by Zhongchuan Shipbuilding and Defense Co., Ltd. which is worth 13.7 billion.
This chapter is not over yet, please click on the next page to continue reading! Once CNNC Ships lands on the SGX market, it will directly take the top spot in the market value of marine equipment. There is no suspense. After all, the profit margin is there, and this company is definitely another
It is a trillion-dollar company.
If based on the net profit of 4.5 billion, there is nothing wrong with giving a valuation of 136.5 billion now.
However, next year's net profit will definitely be more than 4.5 billion. In order to increase the production capacity of nuclear power ships to a scale of 20 ships per year, 15 of them will be outsourced. Although 5% of the profits will be allocated to the foundry shipyard,
The total net profit margin of CNNC Shipbuilding can still be maintained at the level of 20%.
If 20 nuclear power ships are launched a year, the net profit will not be 4.55 billion, but a net profit of 32.2 billion. How much money can be earned every year can be calculated in advance.
Even if calculated based on a price-to-earnings ratio of 30 times, the corresponding market capitalization is 966 billion. Rounding off, this is a market capitalization of one trillion.
Moreover, this 32.2 billion net profit only counts the nuclear power ship business, not counting the nuclear power ship business and the nuclear-powered container cargo ship business. As a group enterprise, the market will also give an additional higher premium rate.
Assuming that the market finally gives a price-to-earnings ratio of 35 times, the market value corresponding to the net profit scale of the nuclear power ship business alone is 1.12 trillion, and at this time when liquidity is rampant, money is being printed frantically, and the premium rate of core assets is still
If it can rise again and the bubble is blown to a price-earnings ratio of 45 times, the corresponding market value will be about 1.45 trillion.
Fang Hongcai had just made the decision to build 15 nuclear power ships, and the market didn’t know about it at all.
Fang Hong did not intend to release this major benefit so soon, including setting the market value of the issuance at 136.5 billion, all in order to launch a big market next month, that is, in July, and make the NSE 50 index break through 6,794 points in one go and go out of history.
