First, the investment highlights:

1. The company's city bus sales system is more perfect. In 2005, the sales volume of urban buses reached 2 132, an increase of 7 1% over last year, which further opened up the urban bus market, especially in developed coastal cities such as Beijing, Shanghai, Guangzhou and Shenzhen, and the market share of Yutong bus increased steadily.

2. The company is a large and medium-sized bus production base and industry leading enterprise with the largest production scale and the most advanced technical conditions in China and even Asia.

3. The national policy of giving priority to the development of public transport, the 2008 Olympic Games and the 20 10 World Expo will all bring development opportunities for urban public transport, and urban public transport will maintain rapid growth, and the company will fully benefit in the next few years.

4. In the recently released "China 500 Most Valuable Brands" selection, Yutong ranked 80th with a brand value of 6.610.90 billion yuan, up by10.5 place compared with 2004, and its brand added value was10.235 billion yuan.

The increase of domestic per capita income brings about the increase of tourists and tourist vehicles. At the same time, the cost advantage determines the international competitiveness of passenger cars, and the export market is growing rapidly.

6. According to different market segments, the company successfully launched eight new products in four series: ZK6/KOOC-0/28h, ZK6/KOOC-0/20R4, ZK6/KOOC-0/08HGD, ZK6/KOOC-0/KOOC-0/9HGA, BAAV won the third prize.

Second, the analysis of negative factors:

1, the rise in oil prices and the implementation of public transport environmental protection policies have brought great negative impacts to the company.

2. The prices of raw materials such as steel continue to run at a high level, which increases the production cost of the company.

Third, the comprehensive evaluation:

The company is a large and medium-sized bus production base and industry leading enterprise with the largest production scale and the most advanced technical conditions in China and even Asia. The national policy of giving priority to the development of public transport, the 2008 Olympic Games and the 20 10 World Expo will all bring development opportunities for urban public transport, and urban public transport will maintain rapid growth, and the company will fully benefit in the next few years. Therefore, the company has mid-line investment value.

Technically, the stock oscillated upward, and the quantity could cooperate well. It is to fill in the right to stabilize the market, and the central line is no problem!

G Luqiao (600263)

Investment highlights:

1. By participating in the construction of Shanghai Donghai Bridge and Hangzhou Bay Bridge, the company has gained good experience, achievements and equipment in the construction of long-span and deep-sea bridges, and has also trained a large number of talents. Next, the company will strive to win the bid for deep-sea projects such as Qingdao Bay Bridge and Guangdong-Hong Kong-Macao Bridge.

2. Since its establishment six years ago, the company has gradually established a business structure focusing on highway and bridge construction, with industrial production, intelligent electronics and investment business simultaneously.

3. During the 11th Five-Year Plan period, the state has planned a large number of projects in highway municipal construction, and will invest a huge amount of money. During the Eleventh Five-Year Plan period, the planned investment in the railway construction market will also reach 1.25 trillion, and the railway market will be gradually opened to off-road enterprises, which will provide a broad business space for the company.

Analysis of negative factors:

1. Due to the low market entry threshold of the highway construction industry, with more and more enterprises having highway construction qualifications, the competition in the highway construction market is becoming more and more fierce, especially in the construction field with low technical content. Due to the influx of a large number of enterprises, the competition is fierce, the phenomenon of low-price bidding is serious, and the profit space is getting smaller and smaller.

2. With the continuous expansion of the company's production and operation scale, the demand for funds has also increased rapidly, and further capital-intensive projects such as BT will also have a great demand for funds.

3. Because the highway construction market is not standardized, there are still some problems such as local protection, arrears of project funds and performance bond in some places.

Comprehensive evaluation:

At present, the company has gradually established a business structure with road and bridge construction as its main business, industrial production, intelligent electronics and investment business simultaneously. During the "Eleventh Five-Year Plan" period, the state will invest huge sums of money in highway management and railway construction, which will provide a broad business space for the company. However, the competition in highway construction industry is fierce, and the profit space is getting smaller and smaller. Generally speaking, the company's future growth is limited, and the mid-line potential is not great.

The quantity is not well matched, although it is still rising, but the potential is not great. It is recommended to go out on rallies and exchange shares!

G shuka (000584)

Investment highlights:

1. The spandex enterprises controlled by the company should fully reach the design capacity within this year. With the injection of Sichuan Hengchuang Core-spun Yarn Project, the company's spandex product production capacity will be further improved, and the economies of scale will be enhanced, making this emerging textile material production become an important core of the company as soon as possible.

2. In 2006, the company plans to increase investment in development funds after the Jingkang Road project in Chengdu, reserve and start one or two real estate development projects, and rebuild the brand of "Shudu Real Estate" in Chengdu.

Analysis of negative factors:

1. Many large and small domestic enterprises have poured into the spandex industry, and the market competition is fierce, and the average sales price of the industry has dropped.

2. Affected by the surge in international crude oil prices, the prices of major raw materials have risen sharply, leading to an increase in production costs.

3, macro-control, power shortage, resulting in insufficient downstream manufacturers, which has a certain impact on product sales.

Comprehensive evaluation:

Through a series of asset reorganization, the company's current business projects include spandex fiber, real estate development, nano-new materials and other industries, and the overall income is not high. At present, the competition in spandex industry tends to be fierce, the real estate business is unstable, and the potential of nano-new materials industry remains to be seen. At present, the company's main business scale is small, lacking strong core competitiveness, and its future development prospects are not optimistic; Only suitable for short frying.

Some institutions are absorbing speculation, and the market outlook is obviously rising. Suggest holding it up!