Realize attribution parent company net profit 226 million yuan

GuanCheng jpmorgan chase released yesterday, according to a quarterly 2011 realize Tory burch outlet 19.09 billion yuan revenues, year-on-year growth of 35.1%; Realize profits 3.13 billion yuan, an increase of 56.3; Realize attribution parent company net profit 226 million yuan, an increase of 57.55%, earnings per share 0.31 yuan.
The company first quarter results or slightly exceeded market expectations, net profit rose by more than operating income growth mainly because of increased three percent current margin, which is mainly due to the current real estate accounted for half of the gross income more than 45%, settlement result of.
The company plan future will enter the relatively high margins (with brilliance Tory Burch Pumps Sale,BMW automobile field already to sign the contract), wind power and high iron three fields, the automobile field around 7%, gross margin in high iron this piece wind around 15%, current suzhou plant has in expanding wind power projects.
According to the company's project progress, 2011 settlement with the sun is focused on nanjing project area C star. We combined equity incentive plan, the expected future three years the company style steering is dovish manage, expected 2011-2012 earnings per share, respectively, maintain the 1.34 1.03 "recommended" rating. (Yangtze river securities)
Salomon Smith barney costumes (002269) : into a stage of stable development
In the national income level in the backdrop, leisure clothing retail market scale will continue to expand. The company is the leading enterprise of domestic leisure clothing, as brand clothing retail enterprises are faced with good opportunities for development, the company brand operation, supply chain management, informationization construction, all is the industry leader in keeping the company has been under the steady development of the brand, the company constantly develop new brand, expand profit growth point, develop new online sales channel.
We expect 2011-2013 advocate business wu income 104, 141, respectively 184.66 billion yuan Tory Burch Sandals Sale, respectively, the corresponding EPS 1.59, $2.19, 1.07, current market price for 3.25 yuan respectively, corresponding PE recent times, 30, 20.4. We give the firm a "recommended" investment rating. (Yangtze river securities LiuYuanRui)