Driven by international chemical market

First quarter results substantially increase: 2011 quarter to achieve the company operating income 170.56 billion yuan, an increase of 119.39%, realize relegated to the net profit of shareholders of a listed company 13.58 billion yuan,Tory burch sale basic earnings per share 0.51 yuan, an increase of 283.28%; And the company had released consistent performance forecast.
Comments: the main performance of the business sector 1 quarterly increase significantly. By 10 years second half of the year because of continued economic recovery, global container shipping customer to cope with season downstream arrival, avoid happened last lack box situation reporting period preparation, ahead of container markets continue to maintain order in the doldrums, full price highs. Dry crates for 49.80 accumulated sales in the first quarter million TEU, year-on-year 310.02%; Freezer 4.38 million TEU for total sales year-on-year growth, 166.33%; Special box 1.71 million TEU, total sales 110.20% year-on-year. Benefit from investment in infrastructure to pull and the recovery of overseas market demand, the company achieved sales revenue road transport vehicles 41.06 billion yuan, an increase of 26 per cent. Driven by international chemical market recovers, company energy chemical liquid food business quarter also realization income increase exponentially.Tory Burch Sandals, The company 10 years quarter dry crates began to resume production, also resulted in lower base year one reason year-on-year to soar.
Future attraction: a, container business booming market continue. 2, 3 quarter is the traditional season container sales, but since some customers have the reservation in advance in the second quarter of dry, is expected to fall slightly bins demand will appear. The company has cut the active measures in advance, box price gain effectively support, product Maori is guaranteed. The whole year is expected to container demand will remain 30% growth. The company has in shenzhen ping mountain building a new generation of container line, the future will toward new environmental protection, high efficiency, and to keep the company forward in leading the leading status. Second, the sea to work right business. Tory Burch Flip Flops Sale,Last year by the company is in no experience in the production of the cases also began to build six offshore, plus partial product design, eventually lead to modify repeatedly year-round offshore business losses. The company has to yantai live and the adjustment: MaiBoLiang management status and the chairman and CEO concurrently CEO, group vice President in the company President, part-time status and reflects the company for offshore business are highly valued. April has just completed the second order delivered Brazil deepwater drilling platform, semi-submersible type of shida sharply this year; probability Three, upgrade management strategy previews effect. Company business from pre-crisis three industrial sector development to now nine industry sectors, company in view of the present diversification trend, to improve the efficiency of management, from last year began organization restructuring upgrading strategies. Running effect is good, the enterprise's management efficiency is the healthy development of the long-term fundamental way for the company,Tory Burch Flats Sale, upgrade management will provide a long-term health rapid development in the most important support.
Profit forecast: we expect company 2011-2013 EPS respectively is 1.75, 2.55 yuan, corresponding 2.16, p of closing quotation price yesterday were 13.7/11.1/9.4 times, maintain strongly recommend rating.
Risk hint: 1) global trade atrophy, container needs a sharp decline recedes, box price; 2) offshore business orders fell. (Great Wall securities)