The company released its 2011 quarterly report today. During the reporting period, the company achieved operating income of 4.332 million yuan and net profit attributable to the parent company of 36062 million yuan, an increase of 4074.4% over the previous year, and earnings per share of 0.121 yuan. It surpassed the earnings per share for the full year of 2010 (0.1,175 yuan). The company has participated in Sino-Singapore Mianshi (Chengdu) Construction and Development Co., Ltd. (35% interest) to carry out first-level development of the project in Pixian County, Chengdu. The Chengdu Pixian project was terminated in March 2010 due to adjustments in the overall urban planning and development process of Pixian County. According to the company's announcement, according to the equity law, it is estimated that the matter will generate investment income of about 3700-42 million yuan for the company in the future. In the first quarter of 2011, the investment income totaling 43.38 million yuan was fully recovered, which was the main source of the company's profit in the first quarter. 1. Among the first-level land development projects, two plots of land for the Chengdu Baohe Township project have already been auctioned and revenue has not yet been confirmed. Assuming that the advance payment of 300 million yuan corresponds to the share of 82 acres of land and confirmed in 2011 (Table 1); assuming that the portion corresponding to the 300 million yuan advance payment is the share of 133 mu of land, then the company can recover the accumulated bad debt of 255 million yuan in 2011 (Table 2). Furthermore, the remaining 600 acres of land companies in the second phase of the Chengdu Baohe Township Project have been sorted out, but the auction time is uncertain, so there is no forecast yet. 2. In the first-level land development project, the production base of Huangpu Chemical Company has been relocated to Wuzhou. It is expected that the Huangpu Chemical Company plot will recognize revenue in 2012. 3. Among the second-level real estate development projects, the total construction area of the Longyin Village project in Xipu Town, Pixian County is about 500,000 square meters. Sales are expected in October 2011, assuming settlement over three years from 2013. 4. In the catering industry, assuming that the company has 100% interest in the operating income of the two Burger King restaurants, the annual revenue growth rate is 10%-20%. There is no forecast for the Burger King store that the company will independently invest in over the next three years (100% interest). Let's also assume that existing and new joint ventures (that is, enjoy 19% interest, including Burger King and Sibino) will not pay dividends for the next three years. 5. Huangpu Chemical Company is one of the important domestic manufacturers of synthetic camphor and borneol. It has a high market share, and synthetic camphor and borneol is expected to increase in price. Huangpu Chemical Company and Wuzhou Turpentine Co., Ltd. have established Wuzhou Huangpu Chemical Pharmaceutical Co., Ltd. and Wuzhou Huangpu Chemical Pharmaceutical Co., Ltd. plans to achieve resource integration and leapfrog development through listing and capital market operations. There is no way to predict this. 6. The company has been able to contribute more than 10 million dollars in investment income every year through securities investment in recent years, and there is no prediction about this.
English
Back
- Markets
- Features
- News
- Community
- Learn
- Help Center
- About
- Offers & Rewards
- Welcome RewardsOpen an account and get up to HKD1800!
- Enjoy limited-time 5%+5% returns on Cash PlusInvest any amount and enjoy a 5% average return on Cash Plus + 5% welcome reward
- Join Futubull Membership ProgramUnlock 11 Premier Benefits
- Referral PromotionBring a friend and collect up to HK$600 in rewards
- Learn PremiumAnalyst 1V1 online teaching
- Stock TransferSwitch to Futu and get up to HK$7,000 in rewards
- English
- 繁體中文
- 简体中文
- Dark
- Light
【中信建投证券】绵世股份一季报简评:业绩高增长初见端倪
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
Risk Disclaimer
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
Got it
Risk Disclaimer
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
Got it
Write a comment
0 0 0
LikeLoveLaughing CryRespectEmmSadAngry
Tap to Select a Mood
- 分享到weixin
- 分享到qq
- 分享到facebook
- 分享到twitter
- 分享到微博
- 粘贴板
Use the share button in your browser
to share the page with your friends
Tap here to share
No comments yet. Write one.
Latest
16:18
The opposition parties in South Korea are calling on the Constitutional Court to accelerate the impeachment case review process.
16:13
The Minister of Finance of South Korea will hold a meeting on Sunday.
16:11
Chen Liyu from Bairong Cloud Creation: Outbound calling work can easily be replaced by AI, which is already capable of soothing customers during market fluctuations.
BAIRONG-W-2.57%
Statement
This page is machine-translated. Futubull tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation.