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【天相投资】华神集团:革命尚未成功,同志仍需努力

天相投資 ·  Apr 19, 2010 00:00  · Researches

。 Considering factors such as the increase in the price of 37 in 2010 and the Shanghai World Expo, we expect the gross margin of 37 Tongshu capsules to decline, and sales of Licatin in 2010 increased 60% year on year. The company's earnings per share in 2010-2012 were 0.05 yuan, 0.07 yuan, and 0.12 yuan respectively. Based on the stock price of 10.21 yuan on April 16, 2010, the corresponding dynamic price-earnings ratios were 204 times, 146 times, and 85 times, respectively. We maintain a “neutral” investment rating for the company.

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