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          <td align="center"><h1 style="color:#05006C">合肥三洋：战略深化 快步向前 评级增持</h1></td>
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          <td align="center" height="30"><a href="http://www.gushi888.com">www.gushi888.com</a>&nbsp;&nbsp;2009年01月13日 13:34&nbsp;&nbsp;银华投资&nbsp;&nbsp;</td>
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          <td align="left" class="px148" id="__content">　　公司近两年出于快速成长期，规模扩大的同时，盈利能力有望保持较高水平。随着三四级市场网络的铺将更受益于中国消费市场的纵深发展。我们维持近期盈利预测，合肥三洋08/09/10年EPS0.35/0.49/0.62元。<br />
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　　本次调研坚定了我们对于公司未来业绩较高增长的信心，09年重点发展的变频电机和即将启动的水处理设备等新业务增加了公司业绩超预期的可能性，按照09年18-20倍估值，目标价区间8.82-9.8元，维持增持评级。合肥三洋近期股价坚挺，如有调整建议投资者买入并持有，公司是不可多得的一季报业绩靓丽、全年业绩高增长较确定的投资品种。</td>
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