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Research and Markets: The Expectation of PINGGAO-Toshiba Sales Income Will Be 2 Billion Yuan (RMB) In 2008

DUBLIN, Ireland-(Business Wire)-September 5, 2008 - Research and Markets (http://www.researchandmarkets.com/research/d67d24/china_company_rese) has announced the addition of the "China Company Research — Henan Pinggao Electric CO., LTD" company profile to their offering.

PINGGAO ELECTRIC CO; LTD is among one of three major manufacturers of high-voltage and ultrahigh voltage switchgear in China. Its main products include SF6 open circuit breaker, disconnector, grounding switch, and gas-insulated metal-enclosed switchgear (GIS), the market occupation of 20%-40% in China domestic market.

In the first three quarters of 2007, company’s revenue has reached to 1.15 billion yuan(RMB) and net profit was 130 million yuan(RMB), respectively year-on-year growth of 2.4% and 16.1%. In the product composition, GIS product sales revenue had increased from 13.14 percent in 2003 to 58.65 percent in 2006; SF6 open circuit breakers used to be the major product for company’s sale market, but, it contributed 30% sale revenue of the whole sale in 2006, in the first half of 2007, it dropped to 28.70% of the whole sale revenue.

PINGGAO-Toshiba is a joint venture enterprise, which is invested by Japanese TOSHIBA and PINGGAO ELECTRIC. The main products are the 110-550 KV GIS products. In the first three quarters of 2007, PINGGAO-Toshiba net profit has contributed 83% of the whole company’s net profit. PINGGAO-Toshiba second phase project has already been completed; PINGGAO-Toshiba will be the largest high-voltage and ultrahigh voltage GIS manufacture base in Asian. The expectation of PINGGAO-Toshiba sales income will be 2 billion yuan(RMB) in 2008.

According to the Chinese government 11th Five-Year Planning, the investment of national power grid is 1.36 trillion yuan(RMB), with an average annual investment of more than 300 billion yuan in each year. high-voltage switchgear is the main product for the power grid, therefore, PINGGAO ELECTRIC will be benefited from the investment and to contribute company’s development.

Key Topics Covered:

1. Overview

1.1 Brief introduction

1.2 Analysis of shareholding structure

1.3 Subsidiaries and business areas

2. Analysis of Power transmission industry

2.1 Development of national power grid has entering fast period

2.1.1 2006-2010 the national investment will change its focus from power station to power grid

2.1.2 Analysis of construction of ultra-high voltage power grid

2.2 Prosperous of High Voltage Switchgear industry

3. Analysis of operating performance during 2003-2007

3.1 Operating achievement