wot power leveling the company is the only supplier in China - VJZ

View the latest position Sina Tip: belongs to the research reports section of this article, only those for the analysis of personal views and opinions on a stock, news reports and informal, SINA does not guarantee the truthfulness and objectivity, all valid information about the unit, is subject to the notice on the Shanghai and Shenzhen stock exchanges, please investors pay attention to risk. Hong Yuan securities of autoclaved aerated concrete slabSalmon breeding success. The eggs hatch after 20 months, muping freshwater aquaculture, mariculture in the Yantai development zone, quarter, at present the company in February 2011 into the pool of seawater farmed salmon generally has longer to 2-3 kg, we judge the company salmon farming has been successful. Company type species for migratory salmon Atlantic salmon, about 600 wot power leveling,000 current save pools salmon tail,200,000 of them are February 11 of the pool to the sea, has been farming for 12 months, reached a living standard for fresh sales, 400,000 for 3 months. From the perspective of early farming, eggs to freshwater cycle 8 months, during which grow up to 70 grams. Salmon aquaculture environment expected relatively much, the most suitable water temperature 12-16 degrees, quarters of underground deep in water temperature and water quality have had daysSingle thickness of breeding conditions. Salmon 2012-13 profit contribution rate be increased gradually. Companies save pools to achieve a living selling 200,000 salmon most of the specifications will be sold during the year, according to 3 kg (Norway imports sliced salmon each about 7 kg), specifications of calculation world of tanks power leveling, is expected to sell during the year 540 tons. Fresh salmon, the company is the only supplier in China,Current price at around 120 Yuan per kilogram. Culture of 40 Yuan per kg cost accounting, company salmon farming gross margin of about 66% (earnings forecast assuming 110 dollars per kilogram).����From the perspective of sales channels, the hotel live fresh salmon and seafood stalls was the target consumer group, sales RADIUS up to Beijing. Salmon market. Chilled salmon 2008Imports of about 20,000 tons each anniversary thereafter keep the import growth rate of about 20%, we judge the current domestic salmon annual consumption of 3-3.50,000 tons.����In accordance with the scale of the companies currently on the market wot power leveling, and its salmon in total consumption amounted to 3% rate does not exceed, future still very much room. Maintain "outperform" rating. 12-13 salmon salesFive hundred and forty-nine hundredths ton, 11-13 year 850/1200/1500 tons and sea cucumber catches, we forecast the company net profit 0.96/1.47/1.92 billion yuan respectively in 2011-13, equity EPS $ 0.39/0.60/0.79 respectively. Company growth in the next two years are more determined, and have the will and the ability to obtainNew waters, maintenance of "overweight" rating.