China Baoan: Hainan strategy bear fruit

China Baoan: Hainan strategy bear fruit
Tourism is a pillar industry in Hainan Province, Hainan Island, Laptop Battery comprehensive experimental zones for international tourism by the State Council approved, will further expand the scope of international tourists visa-free for visitors to provide as much as possible out of the convenience and freedom; in the main areas of the tourism industry, the full liberalization of market. Haikou, Sanya is expected to become a development engine, both with Wanning, Qionghai, will be set up duty-free shops. China Baoan (000009) deep plowing in the Hainan property market for many years, land reserves concentrated in Haikou, Sanya and Wanning, is expected to bear fruit. Hainan, China Baoan in 1992 to enter the market, then choose a better interaction with the Government of Haikou Xiuying Street reconstruction project. Development of this project in 2001 the right to replacement residential and commercial land, and in that year's successful first phase of 250 acres of land in 2003 was 2 323 acres of replacement W0465 land, land reform is now southern city of Haikou (now on sale at 3). 2002-2004, the company to fully seize the national and Hainan Hainan Special Economic warming, but the real estate industry has not yet warming historical opportunity to accelerate the pace of expansion in Hainan. First, the acquisition of the current development projects such as Coastal Heights, an increase of the land reserve; 2 2003, has set up 7 subsidiaries (of which there are five farms in the name), of which Hainan Mandarin An Industrial Co., Ltd. 42.55 million to buy land contract amount yuan, Hainan Co., Ltd. Bao'an Farm land purchase contract value of 37.5 million yuan, the company is currently in Haikou and Sanya has approximately 3000 acres of farm land. At current prices, at least five development projects contribute to net profit of 870 million, 0.8 yuan EPS. Suppose farm land compensation prices in the 30-40 million / acre, then 3,000 acres of farm land to be contributed 0.4-0.55 yuan EPS. Measured above the strict provision for land value Latitude X300 increment tax. The new sustainable energy businesses concerned about the December 7 from two weeks time, 192 countries environment ministers and other officials will convene a United Nations climate conference in Copenhagen on the future climate change to sign new agreements. The original "United Nations Framework Convention on Climate Change" under the "Kyoto Protocol" entered into force in 2005, was the first allocation of emission reduction targets of a mandatory international legal documents. In this document, developed countries committed themselves to an average of 1990 levels by 2012 to reduce 5%. The post-2012 "Kyoto Protocol" of the first commitment period ends, so on the post-2012 emission reduction targets negotiated to reach an agreement as soon as possible. China's 2005 adoption of "renewable energy law," presented to the 2010 unit of GDP energy consumption reduced by 20% compared with 2005, 2020, of renewable energy in the energy mix is 16% and a series of large goals and plans. In the long run, it also represents the future direction of energy development. High-profile new energy vehicles, while its power batteries as its core, prospects are bright. The future of new energy power batteries will be BAT3151L8 lithium-based batteries, while its anode material for lithium batteries are in the domestic leading position. The company's new energy business focuses on lithium battery positive and negative materials. One Bei Terui the current main product is carbon negative electrode materials and lithium iron phosphate cathode material; Tianjiao company's current flagship product is the triple cathode material (lithium nickel manganese batteries, PLB). New Energy Corporation lithium battery business continued to expand, improve product lines and improve product quality, to create a more complete anode material for lithium batteries are the industrial chain, and strengthen the industry leading position and right to speak. Continue to focus on GEM According to incomplete statistics, China's venture capital business, Baoan 14 enterprises invested a total initial investment of more than 2 million. Direct venture capital projects include: small and medium plate market has been through counseling, holding 55% of the Bei Terui new energy materials company; joint-stock reform will be completed in 2009, holding 75% of the Tianjiao technology companies; Shenzhen Buddha Medicine, Wuhan Yunfeng, Chengdu green gold bio-pesticides, strong-strong 1G222 carbon in Guangxi, Tianjin and North Sea Communications, Shenzhen clouds Communications, Beijing Ding Han Technology, Hubei, Ding Long and chemistry more than 10 enterprises, of which more than half will be listed on the GEM. November 19, the company issued a notice completed the 2400 China Venture Capital Co., Ltd. million capital increase to fund the increased from 39.16% to 50.97%, making China Venture Capital Limited, the controlling shareholder. At the same time, the company owned China venture capital firm has about 20 or so venture capital project reserve: Viry Environmental Engineering Corporation, Beijing combined vertical technology, Putian universal logistics technology, Shenzhen Dongjiang Environmental Company and other projects. To maintain "overweight" rating Real estate business: the main settlement is expected in 2009, Wuhan landscape project is the Kowloon City, INSPIRON 2650 in Shenzhen Century Spring City 4 and the fair all the source 4, Huizhou and Hainan, south of landscape projects. In addition to the 2010 settlement of the project had begun in 2009 settled the estate, the southern city of Haikou, Seaview Villa, could also enter the settlement. Bio-medicine and new energy: in 2009 the contribution of biological medicine 0.05 yuan EPS, new energy is expected to contribute to 0.06 yuan EPS. 2010 contributions to biomedical 0.08 yuan EPS, new energy contributions to 0.1 yuan EPS. Sustaining the company's 2009 and 2010 EPS were 0.48 yuan and 0.7 yuan performance projections (including the contribution of new energy 2009,2010 year 0.06 yuan and 0.1 yuan), the maintenance company "overweight" rating, we recommend an active INSPIRON 2600 interest in