year-on-year increase in net profit

AD 002041) : the seed industry (core competitiveness increasingly prominent performance growth or than expected
Maintain profit forecast and "buy" rating. The company expects that MBT Kipimo clog 1 - September 15-180%of the year-on-year increase in net profit. We think, super maize seed base seed yield, decent is expected to reach 350 kg, main varieties (335, super corn), conventional varieties "price rises quantity to add" but period, annual performance or than expected; National seed industry support policies for the development of the company, constitutes a good is also expected to exceed expectations. Maintain 10/11/12 AD in the seed industry (EPS1.3/2.00/2.7 yuan, in 10/11/12 PE48/31/23 times, "buy" rating) performance prediction, target price of $80. (citic (600030) MaoChangQing)
Abundant pleasures 000713) : focus seed industry (recommended tory burch online seed industry development
Investment highlights:
Abundant pleasures seed industry business covers the seeds, viz., spices processing, real estate, hotel tourism, etc. Among them seeds and agrichemicals accounted for 70% of business, other than 30%. In the main business, the greatest contribution, real estate profits more than 30% profit contribution in 2010, hotel tourism losses.
2010 annual contribution, real estate business net about 30 million. Company completely after 2010 from real estate business.
Seed business development steady, corn seed is growing rapidly. Main varieties of corn seed single 20, is domestic heaped third-largest promotion varieties. The company promotion relatively successful, growth in above 20%. We expect corn business can maintain rapid growth, but the company's varieties are outsourcing, the market had less power, gross margin is MBT Karani ,

not high.
The company's hybrid rice seed mainly distributed in anhui, hubei regional LiangXiDao primarily, by selling steadily. 2010, rising prices by an average of 15%, we expect the company business can remain stable hybrid a small increase.
Agrichemicals product is mainly pure quetiapine herbicide bluegrass spirit and a series of intermediates, agricultural preparations. Agrichemicals business growth space bigger, but the project schedule, we expect fast growth in around 20%.
According to our forecast for each subdivision business, the company seed industry growth in 20-30%, viz., 20%, other stable. Exit estate business, 2011 performance declined slightly.
Forecasting the 2010 and 2011 earnings per share for 0.36 yuan, 0.34 yuan, isMBT Kisumu ,38 times price-earnings ratio, 40 times. Company's plan to sell 4200 million shares, seasoned, diluted earnings per share for 0.31 yuan, 0.30 yuan. Give careful recommended rating. (000686) northeast securities (clock sweeping)