Data:2009-12-12 2:34
Category: Money Tips Date: 2006-11-25
Yi Hua Wood (600,978 market, information, reviews, search) in 2006 realized main business income of 115,727.84 yuan, an increase of 47.12%; main business profit of 31,831.43 million, an increase of 56.44%; to achieve net profit of 17,285.22 million, an increase of 65.73 percent year on year, earnings per share were 0.48 yuan, in line with expectations.
In 2006 the company achieved sales of furniture industry and the main profit of the company's total revenue accounted for 89% and core profit of 92%, compared with last year rose by 3 percentage points and 2 percentage points, is still the company's main revenue and profits of the major来源. In 2006 the prices of wood raw materials more, the company's rising costs of furniture main rapid, but the company to actively increase the adjustment of product structure to withstand the rising costs. From the point of purchase of raw materials from the four aspects of the company to control costs, prompting the company's future gross profit margins increased steadily. Wood City, a company now making equipment arrangements, soon be put into use. At the current selling price is estimated that a company can be increased by 8 billion in sales revenue, which makes the release of the company's largest production capacity can be achieved 2 billion in sales.
CITIC Securities analyst expects the next two years such as Mao Changqing net profit of 328 million yuan respectively, and 4.9 billion, net profit growth of 90% and 47%; earnings per share were 0.92 yuan and 1.35 yuan. Furniture was originally a durable consumer goods, but in recent years, accelerating the pace of updates, updates shorter duration will enhance the valuation industry standards, and examine the company's resource and growth is expected to a reasonable valuation of the company 19.88 for yuan, given " overweight "investment rating.
