Tianshan Textile: It Is Difficult To Make Profit In Two Years.

　　 Tianshan textile self exposing quasi mineral zero profit

This year's median earnings per share are only 0.0081 yuan, and the dynamic P / E ratio is 654 times.

Wearing "mine reorganization myth" resumption And after 5 consecutive trading days, Tianshan textile (000813) yesterday announced that the company would not be profitable in 2 years if it was to be injected into the mine, and even after 2012, its earnings per share were only 1 cents.

At the same time, Tianshan textile also disclosed on the same day that the net profit in the medium term was 2 million 950 thousand yuan this year, and the earnings per share were 0.0081 yuan, basically unchanged from last year. Referring to the price of 10.59 yuan / share of Tianshan textile before the suspension, this means that the dynamic P / E ratio of Tianshan textile has reached 654 times.

After suspension for up to 11 months, Tianshan textile finally disclosed the reorganization plan and resumed its licence in June 18th this year. After the resumption of trading, Tianshan textile was hoarding up by the hot money at one go. After five consecutive days of unlimited trading, it was temporarily suspended by its "share price announcement" in June 25th. According to the announcement, Tianshan textile resumed today.

　 It is difficult to make profits in two years.

According to the reorganization plan of Tianshan textile, Tianshan textile will hold 75% of Xi Tuo mining in the future, and the main business of Tianshan textile will also turn from wool textile to mine.

This once made the market full of imagination. But from the announcement issued by Tianshan textile last night, it is clear that the "magnificent turn" that the market looks forward to can not be achieved within two years.

Tianshan textile said that the main asset of Xinjiang's west mining company, which was injected into the listed company, is Xinjiang mining area, Hami mining area. It is unable to make profits in the construction period of this and next two years.

Notice that, combined with the suspension before 10.59 yuan / share Price of stock In the 5 years after the injection of mine assets, the earnings per share and corresponding P / E ratio of Tianshan textiles will be affected by 0, 0, 0.109/ shares (97.16 times), 0.144/ shares (73.54 times), and 0.144 yuan / shares (73.54 times).

In fact, there was no profit in 2 years, which was hidden in its June 18th acquisition report (Draft). But it did not seem to attract market attention.

What is striking is that, according to the interim results, the dynamic price earnings ratio of Tianshan textile has reached 654 times in combination with the stock price that has been fired for a long time.

To put it simply, this means that it will take 654 years to start from the year 2012, and the shareholders of Tianshan textile can earn the cost.

Of particular note is that at the end of last year, Tianshan textile was in a state of loss; "if it is also losing money this year, and if it fails to make profits and lose money next year, then it can not be ruled out that Tianshan textile will go ahead of its profit in 2012 or be on the way to" ST ". An analyst commented. {page_break}

　　 Asset price "three jump"

It is noteworthy that yesterday's announcement of Tianshan textile also showed that compared with the historical transaction price, the stock trading price of the 75% west mining industry was 696 million yuan, much higher than the previous transfer price.

In May 2009, Australia's Hua Lu mining industry and Qinghai snow Chi, Fu Min Lu's transaction, the West Extension mining 50% stock transaction price is 165 thousand Australian dollars (by yesterday's Australian dollar exchange rate approximately Renminbi 938 thousand yuan); but in July 2009, Qinghai Xue Chi, Fu Min Lu and the Katie mining trade, the West Extension mining 50% stock transaction price is 306 million 500 thousand yuan.

"There are great differences between the three transaction prices." Tianshan textile recognition.

In addition, in December 14th last year, Tianshan textile had issued a takeover report, which disclosed a senior executive of Katie, who had bought shares of Tianshan textile before the disclosure of the restructuring report.

Katie, the deputy general manager of the restructured party investment company of Urumqi, Li Rong, the wife of Katie, the wife of Katie, the husband of Chen Yu, the supervisor of the investment company, and Zhao Xiaohong, the supervisor of the state-owned assets company, all had the behavior of buying and selling company stock.

Apart from Zhao Xiaohong and Zhang Fapeng buying and selling Tianshan textile stocks totaling 3400 shares and 1600 shares, Cao and his wife are particularly eye-catching.

Cong Lihua and Li Rong bought 5000 shares in June 1st, and sold 5000 shares in July 13th. The highest price of Tianshan textile in June 1st was 4.45 yuan. In July 13th, it was closed at a price of 5.93 yuan, and increased by 33.26% a month. According to this calculation, Cao Mu Cao's wife shares 10 thousand shares in net profit of around 14 thousand and 800 yuan.

In July 21st, Cong Hua bought 15000 shares again, now holds 15000 shares of Tianshan textile shares. In July 22nd, Tianshan textile disclosed its major shareholder, the Xinjiang Uygur Autonomous Region state assets investment and management company, which is planning to restructure, and the stock has been suspended since July 23rd. In July 22nd, Tianshan textile was closed at a price of 6.57 yuan.

These transactions, Tianshan textile only in the self inspection report understatement, "three people trading Tianshan textile stock behavior are based on their own independent judgment, there is no use of insider information to conduct stock operations."

Katie investment only issued a statement that "the directors, supervisors and senior managers of Katie investment and its related parties did not attend the relevant meetings before July 24th and participated in the relevant decisions. They did not know the situation and did not use insider trading." After that, there was no cloud.