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    Leather City In Haining: Thick And Thin, The King Of Leather.

    2013/3/2 10:59:00 13

    LeatherLeather MarketLeather City

     

    < p > > a href= "http://www.91se91.com" > Leather > /a > professional market: market opportunities hidden in small industries. < /p >


    < p > domestic consumption demand for leather is huge, and it is expected to maintain an average annual growth rate of more than 20% over the next few years. By 2015, China will become the world's largest fur consumer.

    We believe that the competitive advantage of specialized markets relative to department stores and shopping centers is still a more effective channel for leather sales.

    < /p >


    < p > mode determines space: Haining < a href= "http://www.91se91.com" > Pi city < /a > is the leader of China leather professional market. < /p >


    < p > > the company has experienced many years in the "a href=" http://www.91se91.com "leather market < /a >" and has an efficient management team. The investment ability is particularly outstanding. The business philosophy of win-win with the merchants is the effective guarantee for the company to expand rapidly and become the first brand. The continuous market model innovation capability, "chain", "scenic spot" and "rental and sale combination" market management mode highlight the competitive advantage of the company.

    < /p >


    < p > strategy clear, stable growth, profitable period, with a certain margin of safety, effective corporate governance, expansion strategy is very clear, growth and profitability in the next few years are more determined, A shares are relatively safe investment targets.

    Without considering the performance contribution from the new market, we expect that the net profit attributable to the parent company in 2012-2014 years is 703 million yuan, 866 million yuan and 655 million yuan respectively, with a diluted EPS of 1.25 yuan, 1.55 yuan and 1.17 yuan respectively.

    The target price will be raised to 38.75 yuan / share in the next 12 months.

    < /p >

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