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Wang Peng Fei KSTAR

Shandong team ball players is 4, Wang Pengfei,griffey shoes balck, I saw he began to approach the ball into the air. Then, leaping high, “bang,ken griffey shoes!” Volleyball outrush Henan team party. . Although there are more than two years from the time the current term, but the independent directors
Xu Dehong KSTAR or resigned. Xu is due to personal reasons given in the work of reason,MAX8744ETJ+ price,but according to this understanding, Xu Dehong to resign or to cooperate with the company’s project to prepare.

Last December, KSTAR has just landed small plates, but in May this year the company lead-acid battery production plant because of environmental issues are required to stop treatment, solar inverter product has not yet produced effective, semi-annual results are also emergency transfer low. In this case, the company increased new product development efforts for a breakthrough is imminent.

Independent director’s new project

July 15, KSTAR announcement that the board recently received an independent director Mr. Xu Dehong’s written resignation, the reasons for its application to resign due to personal work and the strategic committee of independent directors duties. Mr. Xu Dehong resignation, as the company is no longer any position.

“Xu Dehong resigned KSTAR independent director position is worthy of scrutiny, because he is still in constant THI technology and electrical as an independent director, the two companies have not released a similar message can be speculated that the resignation was with Xu Dehong KSTAR individual’s relationship. “Donghai Securities analyst Wang Pengfei said.

A source close to KSTAR company insider told reporters, Xu Dehong where the Zhejiang University is working with companies to discuss cooperation projects, products and companies on the supply side to cooperate, but the two sides have not reached a final agreement, but this is quite significant for the company as a major.

Public information, Xu Dehong is currently deputy director of the Faculty of Engineering, Zhejiang University, doctoral tutor, also serves as the State Council Academic Degrees Committee of the electrical engineering group member, IEEE Power Electronics Society of the International Executive Committee, European Power Electronics Conference and sports consultant, vice president of China Power Supply Society , vice chairman of China Institute of Power Electronics and other duties, authority figures within the industry.

I know that the Zhejiang University in 1998 by Zhejiang University, Hangzhou University, Zhejiang Agricultural University and Zhejiang Medical University merged four universities, including Zhejiang University’s engineering capabilities and old in the country very front, Xu Dehong was born in the school strongest of Electrical Engineering.

The source said, to serve as a listed company’s independent directors, the company must not have any interest. The KSTAR cooperation with Zhejiang University, just to form association, Xu Dehong’s identity is no longer “independent”, the resignation is the question of meaning.

Performance of emergency Face

KSTAR UPS and is mainly engaged in supporting the VRLA battery development, production, sales and support services. Lead-acid battery business is one of the three major sources of lead. In late May this year, KSTAR received a file from the Huizhou environmental protection bureau, requires companies to immediately stop production of lead-acid battery management, after this is completed by the Huizhou environmental protection bureau acceptance only after the resumption of production. KSTAR admit, if the company can resume production as soon as possible, the extensive use of OEM procurement of batteries, the company’s gross margin may be slightly affected. It is emotion, the KSTAR mentioned in the IPO prospectus, the top ten risks, but no one is involved in environmental protection or risk, did not think it has become the first company faces difficulties.

The end of April this year, KSTAR has been optimistic to expect that from January to June 2011 attributable to shareholders of listed companies over the previous year’s net profit grew 30% to 50%. However, the government suffered a halt, the situation has changed. July 9, KSTAR notice issued performance correction notice that it expects first half attributable to shareholders of listed companies net profit of 36,047,000 to 43,256,400 yuan, up 0-20% over the previous year.

It is reported that KSTAR lower performance expectations mainly due to three aspects, first, by the PV industry in the first half of 2011, fluctuations in component pricing is lower than expected market conditions, our solar inverter product before the end of the second quarter another bid and get orders, delivery until the third quarter, so the performance of the company’s contribution is lower than expected early next year; second year labor costs, material costs rose sharply, affecting the company’s gross margin levels; third, Guangdong Province lead-acid battery industry’s environmental conduct special operations, the company owned subsidiary of lead-acid battery production plant shutdown, part of the supporting cells using OEM form, leading to upward pressure on procurement costs reduced profit margins.

Shenzhen Hui Ge, deputy director of investment research, said Wang Tao, Huizhou city now has been rumored to be permanently closed lead-acid battery business, but this claim has not been confirmed. KSTAR investor relations in an interactive platform on the Shenzhen Stock Exchange reply said the company has not received the permanent shutdown Huizhou Environmental Protection Bureau on the relevant requirements of any notice.

Wang Tao believes that this year, UPS power supply in the domestic market share of domestic investment has been improved, but mainly in small and medium-power products, lower gross margin, high-end market dominated by foreign giants Emerson, APC-MGE and Eaton in the country. How to improve product quality and high power UPS’s market share across the dual barriers of technology and brand, is the most important issues facing the company.

Xiangcai Securities analyst Liu also pointed out that the first quarter of 2011, consolidated gross profit margin is lower because the company short-term adjustment in the export product mix, the company has increased in Southeast Asia’s exports of small and medium scale power UPS to occupy a larger market share .

“Professor Xu Dehong future cooperation with the KSTAR, it may be to solve this problems.” Wang Tao said. read more

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