The main reason is due to the interest heaved asset; management fee rate as IPO underwriting price reasons,
Canada Goose online, a delicate increase year on year, the treatment fare rate was 10.74%, such as deducting this element, the treatment fee rate of 9.39%,
Canada Goose outlet, cheap 10.26% in 2010, follow-up with the income scale have become more apparent,
UGGs Clearance Sale, the management outlay percentage is expected to steadily decreased slightly.
catalyst alternatively the second half will continue to show high growth extravaganza can be expected: Company Disclosure in the second half with the listing company will have lusty financial strength,
Moncler Jackets, expertise, brand, manufacture affect,
Canada Goose Clothing, and numerous other advantages actively browse the construction of BT project prototype,
Canada goose outlet, and to strengthen the devise of affair investment for the early realization Landscape Engineering was enhanced to Class B qualification of special qualification. We expect the second half of the company will gradually appliance the above strategy alternatively, in the second half or the catalyst will continue to appear. The company mid-year report ending catalogue assets of 250 million, an amplify of 89.45%, the corresponding line in the first half continued to distend accommodation construction compact is no formed deserving to the amplify of assets and the buy of substances; and additional receivables an increase of 135.38 percent, corresponding to business expansion command bond,
Moncler Jackets, performance bond growth. Company performance can be expected high growth in the second half, and continue to browse the BT model can send reliability to the next two years of high growth.
short apt discern BT project growth, apt amplify a long look at the blue sea ecology: In our before report,
Canada Goose On Sale, the corporation proceeded decoration of this logic: the new outlook and garden mart is still much larger than the professional market of ecological restoration, landscape and garden ambition be the corporation In recent annuals,
Moncler Jackets, one momentous source of income. Aspect namely the cardinal landscape garden corporation, the company benefits of ecological restoration technology trends in answer to landscape ecology, and with sound qualifications and monetary advantages, the company took over the medium-sized general contracting fitting BT project, tin expedite the company's discovery above the scale. Hengyang project is the company's growth tactics of temperate BT start big projects, preferably than the end. And long-term viewpoint,
Canada Goose Clothing, we are quite optimistic about the mining market, the beyond evolution of ecological restoration. China's current industrial and mining consume land reclamation and ecological restoration rate was 12%,
Canada Goose jacket, generally at fewest 50% in adult countries. Under the pressure of citizen policy, the market is starting bomb ecological restoration, future growth will become a new blue sea.
nourish times because the 53.x, 30.x and 22.x times times. As the high-growth companies to determine the afterward two years, giving 35-40 times 2010 PE valuation, 6-month target cost of 135-154, to preserve (First Capital Securities)
Changyu A: mid-year report web profit increase of 50%,
Canada Goose On Sale, expect an integrated quality improvement
1. Changyu A loosen accident
half year 2011 News: first-half operating income of 3.09 billion yuan (yoy +24.50%), net profit attributable to parent company 877 million yuan (yoy +49.73%),
Canada goose outlet, income per share of 1.66 yuan.
2. our outlooks and decrees
(a), high-end wine business strategy to drive improved gross margin strength the fastest growing wine business,
Canada Goose On Sale, small wine types still absence to open up. It is understood that the company steady demand during the first half, revenue additional primarily at the increase in bargains guide. Sub-business point of view, wine and brandy business revenue,
Moncler Jackets, respectively, 25.68,3.89 billion yuan,
Canada Goose online, up 25.71% and 16.43% growth rate, the proportion of aggregate income 83.10% and 12.60% (2010 81.66% and 12.96% year). No small wine sales growth of variety of champagne,
Canada Goose On Sale,Boot
UGG Australia, wine bargains have declined. Consolidated gross profit margin improved significantly to 75.75% (+3.87 PCT). Among them,
MonclerJackets for Men, the wine business gross margin 4.86PCT to 78.84 percent,
Moncler Jackets, the maximum class in history. Brandy gross margin decreased 0.53PCT to 61.22%. Overview of historical data, continuously cultivate the wine business gross margin was mainly due to perennial product optimization, wineries and other wine reconciliation Cabernet due to quick growth in high-end products. Expense ratio fell 2.33PCT. Including cost of sales was 28.15% (-2.51PCT), the management expense ratio 5.10% (+0.66 PCT).
(b), the construction of a new winery in advance and look forward to continuing to improve the comprehensive quality
our operation of the company in 2011 to determine:
(1) product quality promotion and structural optimization is progressive. Structural correction in 2010, continued construction on the project investment 4, are: to expand Beijing Zhang Yu Aifei Castle winery making scale projects, the construction of Xianyang City in Shaanxi Province Changyu winery project in Shihezi purchase Ge 60 hectares Land and creating superior products production bottom project in Yantai Development Zone, Ge 110 hectares of land purchase projects and Changyu (Ningxia) Wines construction projects; structural correction in 2011 narrated to two new projects, namely: the construction of a plant in Yantai Xishan million square meters of underground brandy basement project, and construction in Yantai Castel winery basement 15,
UGGs Clearance,000 square meters and club projects.
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