In the third quarter of 2011, the company's net profit increased by 79.28% year-on-year, in line with our expectations. Â During the reporting period, the company achieved sales income of RMB 139 million and net profit of RMB 43 million, representing an increase of 83.24% and 80.72% respectively. The earnings per share were 0.14 yuan. During the reporting period, the company's single-quarter net profit and operating income both reached record highs; among them, operating income increased by 17.80% from the previous quarter, and the growth rate decreased from 40.48% in the second quarter.
 The company's product scale continues to expand. As of the end of the reporting period, the company's super-raised capital investment project—the annual output of 340 million carats of high-grade diamond projects has reached production at the end of September; the total sales volume in 2011 is expected to exceed 1.2 billion carats, and will exceed 18 in 2012. Carat; the micro-diamond line project for the photovoltaic industry is progressing in an orderly manner; the company uses its own funds and debt funds to invest in the construction of a 1.02 billion-carat high-grade diamond project with an annual output of supporting infrastructure and equipment procurement.
Diamond wire saws are progressing smoothly According to our previous research, as of the end of August 2011, the company has imported two German diamond plating equipment. Due to Huajing Precision Manufacturing Co., Ltd. (a subsidiary of Henan Diamond [16.97 -1.85% stock research], the wire saw project carrier company) began construction in September and will not be completed until the end of 2011. It is estimated that the infrastructure investment in the plant will be 2 to 3,000. Ten thousand yuan; therefore, the current import of two German equipment in Henan Huajing for pre-production production. It is estimated that 5 to 6 pieces of equipment will be imported before the end of the year.
Maintain “strongly recommended-A†investment rating. Now every electroplating equipment is electroplated with a diamond wire of 30 m/min, that is, each electroplating equipment has an annual output of 14,400 km, and 10 sets of output is 144,000 km, calculated at a price of 1.2 to 1.5 yuan/m. The sales revenue will reach 172 million yuan to 216 million yuan, the gross profit margin will be 50%, and the net profit will exceed 60 million yuan. According to the current 304 diamond share capital of Henan, it can contribute EPS 0.2 yuan in 2012. Combined with the company's 2012 synthetic diamond capacity will exceed 1.8 billion carats. We forecast EPS of RMB 0.5 and RMB 0.9 in 2011 and 2012 respectively. The current stock price is calculated based on 2012 results, less than 20 times PE, at the bottom of historical valuation. Maintain an investment rating of “strongly recommended-Aâ€.
KONE Elevator Spare Parts
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KONE Oyj (officially typeset KONE and pronounced /koʊneɪ/), founded in 1910 and headquartered in Helsinki, Finland, is an international engineering and service company employing some 49,000 personnel worldwide. The firm is the 4th largest manufacturers of elevators and escalators worldwide, and also provides maintenance services and modernization. In addition, KONE builds and services automatic doors and gates. The company provides local service for builders, developers, building owners, designers and architects in 1,000 offices in over 50 countries.Since 1924, KONE has been owned by one of Finland's wealthiest families, the Herlin family. After Harald Herlin purchased the company in 1924, he served as its Chairman until 1941. Afterwards, his son, Heikki H. Herlin, took over his father's post from 1941–1987. Control of the company was then handed down to his son, Pekka Herlin, which he retained from 1987–2003. The current Chairman of KONE's Board of Directors from 2003 onwards is Antti Herlin, the son of Pekka Herlin.
In the Finnish language Kone means "machine" or "device".
KONE UltraRope
In June 2013 the company launched a new high-rise elevator technology, called 'KONE UltraRope', which enables future elevator travel heights of 1 kilometre. The product is light due to its carbon fibre core and a high-friction coating. Because of these qualities, elevator energy consumption in high-rise buildings can be cut significantly.
KONE EcoDisc motor
The 'KONE EcoDisc motor', used for hoisting, reduces the amount of energy lost as heat. The motor control system and brakes make the elevator ride quiet and the design frees up space.
Elevators
The 'KONE MonoSpace' for low- to mid-rise buildings is the world`s first machine-room-less elevator.The 'KONE EcoSpace' elevator is a machine-room-less traction elevator designed for low-rise buildings from 2 to 15 stories as an energy-efficient alternative to hydraulic elevators, and can fit in an existing hydraulic elevator hoistway. It is produced in a 150 feet per minute (0.76 m/s) speed, 200 feet per minute (1.0 m/s) and 350 feet per minute (1.8 m/s) variants.The 'KONE MiniSpace' elevator with a small machine room is often used in high-rise buildings.
Other trademarks
'People Flow' is a registered trademark of KONE Corporation.
KONE Elevator Spare Parts, KONE Elevator Parts, KONE Lift Spare Parts, KONE Lift Parts
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