129762943203750000_107Man of iron: a capital company operations, rapid growth
Research: 2011 annual revenues and net profits of the company grew and 98.3%, respectively. In the fourth quarter, operating income and net income grew and 126.82%, respectively. Companies by 2011 fully diluted earnings per share $ 1.2. Proposed every 10 shares of the company distributed $ 3 in cash andCapital reserve per 10 units converted into 8 units. Landscaping projects revenue grew by 132.09% companies rely on public funding advantages, landscape engineering businesses achieve explosive growth, a little more than we expected. Landscaping projects revenues of the company from the 2010 upgrade to 57.23% of percentage. Continuing the process of urbanization in the pushMarket landscaping context demand, we expect future 2-3 the company's business structure is still dominated by landscaping projects. Ecological restoration in 2011 business of the company to achieve a more rapid growth
diablo 3 power leveling, operating income rose by 48.95%. Integrated companies consolidated gross margin fell slightly compared with a year earlier to 0.37% gross profit margin decline was mainly due toLandscaping project with a lower gross profit margin of the company business more than promotion, due to the higher gross margin decline in ecological restoration of business accounting for more than. But we believe that the company integrated in 2012 to reverse the trend of interest rates fell, and is expected to improve, mainly due to the company to undertake three BT projects (mainly to garden greening engineering business), 980 million contract was about 2012 will enter a peak period of construction
tera gold, and gross margin of BT projects is much more general landscaping projects business gross profit margins high, we are expected at around 35%. Company accounts receivable turnover ratio of 6.68 per cent drop accounts receivable turnover decline is mainly due to the company of landscape engineering of business promotion, because the general terms of the contract and the time needed for landscaping projectsThe accounts receivable turnover ratio lower than ecological restoration business. In 2012, we expect that the company accounts receivable turnover ratio declining trend will continue because the company BT projects is mainly constructed in 2012, BT item no engineering advances and progress of the project, usually after the completion of clearing, receivables than General landscaping projects business. Company announcementsNet earnings growth in the first quarter of 2012 in 20-50%. We expect per cent growth rate close to the probability interval on a larger, mainly due to the 1) company BT projects are normally starts in the end of 2011, and the construction area is at the South (CHENZHOU, Hengyang, Hunan, Jiangsu Nantong), therefore is not affected by climate factors affecting the progress of construction, 2) BT projectHigher gross margin improvement of General will boost the company's overall gross profit margin. Profit forecasts and investment rating according to the company's 2011 annual disclosure of the company's management, ecological restoration business for cost reasons, interest rates fell, slightly less than expected, while managing cost control situation better than we expected, so we downgraded the company slightly from 2012 to 2014Ecological restoration year gross profit of the business and management fee rate assumptions, expected 2012-2014 earnings per share of $ 2.1, $ 2.71, respectively
tera power leveling, and $ 3.85 ($ original prediction for 12-13 and $ 2.62), maintain the company a "buy" rating. Risk factors of risk of accounts receivable cannot be recovered in a timely manner; 20123.35 million original unit lifted the first of the month, the original shareholders may sell shares resulting in suppression of the risk. "Related news" intended for 113 cities in China for fine particulate matter and ozone monitoring the Ministry published the environmental protection equipment "Twelve-Five" development plans "Twelve-Five" environmental protection equipment with an average annual growth of 20% "related comments on the plate" industry of environmental protection: environmental protection equipment "ten25 "planning to advance the development of industry and environmental protection industry: good ambient air monitoring and air pollution control board haitong securities: Planning publication of environmental protection equipment industry-related companies to benefit from" other brokers ' comment "sea security: maintaining ecological man of iron" buy "rating
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