Haining Leather City Net Profit Increased 133.89% In The First Half Year.

　　 Company announcements in the first half year achievement Forecast, during the reporting period, the company achieved operating income of 559 million yuan, year-on-year increase 107.24%; realized operating profit of 160 million yuan, an increase of 183.72% over the same period last year; net profit of 120 million yuan, an increase of 133.89% over the same period; and basic earnings per share of 0.45 yuan.

Commentary:

During the reporting period, the company China The city of leather The eastern part of the three phase project was completed and realized its benefits. The four phase project of the city and the Haining leather city of Tong Er Bao, Liaoning, are in the process of construction.

During the reporting period, the company achieved operating income of 559 million 100 thousand yuan, an increase of 289 million 310 thousand yuan compared with the same period, an increase of 107.24%. The sales volume of the company's shops and ancillary property sales reached 309 million 490 thousand yuan, an increase of 222 million 900 thousand yuan compared with the same period last year, the growth rate was 257.42%, mainly due to the sales revenue resulting from the completion of the eastern block of the three phase project; the income of shops and supporting property leasing reached 90 million 190 thousand yuan, an increase of 21 million 30 thousand yuan compared with the same period last year, and the growth rate was 30.40%, mainly due to the increase of the rent level and the increase of the lease area; the sales income of the goods was 135 million 150 thousand yuan, an increase of 40 million 950 thousand yuan compared with that of the previous year, and the growth rate was 43.48%, mainly due to the increase in the export agency business of the import and export company.

During the reporting period, the company realized a total profit of 160 million 70 thousand yuan, an increase of 87 million 960 thousand yuan over the same period last year, an increase of 122%. Net profit attributable to shareholders of listed companies was 119 million 960 thousand yuan, an increase of 68 million 670 thousand yuan over the same period last year, an increase of 133.89%, mainly due to a large increase in operating income. The company's stock price yesterday was 35.20 yuan, 2 billion 500 million yuan in circulation market value, 9 billion yuan in total market value, and 5.20 times in current PB. In 2010 and 2011, earnings per share were 0.89 yuan and 1.27 yuan, corresponding PE were 39.55 times and 27.72 times respectively, giving "overweight" investment rating.