maize + rice seeds mode the ,wow gold
hybrid corn varieties Xundan 20, accounting for 50% of the hybrid maize of total sales, to promote an area of 1,200 mu. Potential of species Lu Shan 818, is now Shandong Province approved breed, to promote regional Huang-Huai region, its pricing and Xianyu 335 almost single grain sowing is expected next year to participate in the country review.
the current mainstream view is that the space of the seed market to enhance two aspects: the commercial rate and grain ratio. But our point of view, a different market: whether the commercialization rate is still growing grain than are structural problems. We also proposed that the seed rate to prove the space of the seed industry, the market cake is more substitution effect of the seed of inferior species.
spice business to grow steadily, menthol, peppermint oil-based, natural spices, about 10% of the gross profit margin. The company will further extend the industrial chain, synthetic perfume business involving high gross profit margins. The business has entered the Framework Agreement stage. August 2011, the company signed a cooperation framework agreement with the Shanghai Institute of Organic Chemistry, Shanghai Branch of Guo Jia technology transfer Co., Ltd., plans to jointly develop additional expansion
agrochemical business,wow gold, performance is expected to significantly enhance
agricultural products covered by herbicides, insecticides, fungicides 3 series. The business income accounted for about 30 percent a year, a profit of 20 million to 30 million. 11 years of industry lows, due to the sharp rise in raw materials, extreme weather affect product consumption, as well as competition from foreign products, resulting in the agrochemical business, gross margin decreased significantly. With the company agrochemical raise investment projects in this next year, will be gradually put into operation, the product structure was further optimized, the downstream demand remains stable under the premise of agricultural income in the next three years will remain more than 40 percent growth, the level of gross margin is expected to rise to 10 – 15%. Valuation and rating of
company’s main business seed, agrochemical and spices Troika and drive, we expect 11-13 years of EPS were 0.25,0.45 and 0.57 yuan of 12-year EPS, the seed for 0.28 yuan, agriculture into 0.04 yuan, spices 0.13 yuan reference to the valuation of various industries, were given 40 times of seeds, agricultural 30 times, 30 times of spices to give a target price of 16.3 yuan, a potential increase of 20 percent,wow gold,