Old old assets growth guarantee , relationresult  ;  ;  ;  ;  ;China gold and silver jewelry industry in 2005 to 2007 years rapid development ,gold and silver jewelry sales year-on-year growth rate more than zero trade.
A big city is still the gold and silver jewelry mainly through the wholesale market ,rapid upgrade two or three line to the city market share is the development direction of gold and silver jewelry retailer .
Cathay Pacific Junan think ,the future development direction was two or three in line city vigorously develop store .  ;  ;  ;  ;  ;  ;in the investment strategy, the Guotai Junan values our country gold and silver jewelry industry development prospects ,the company brand advantages and set by the trade and industry in one, big shareholders support company do greatly strong willingness to clear ,the performance of the reorganization and upgrade space ,with long-term investment value.
But considering the present higher stock prices ,based on the conservative side of earnings forecast ,give careful overweight .  ;  ;  ;  ;  ;  ;assets into the development of space   ;  ;  ;  ;  ;  ;this year in May ,company to enter the phase of the restructuring ,reorganization plan is for companies to the city of Shanghai, Huangpu District country endowment appoint additional orientation ,the acquisition of its holdings of Shanghai old 27.
57% equity and process Arts and crafts company 100% of the equity. Wherein ,the old Fengxiang net asset market price 1660000000 yuan ,buy 27.57% equity corresponding assessment value 458000000 yuan ;the company worth 364000000 yuan ( acquired in 100% ) ,the two part of the shares of a total of 822000000 yuan .
Non-public offering price of 14.08 yuan / share ,issued 58374500 shares of stock .  ;  ;  ;  ;  ;  ;arts and crafts company revenue comes mainly from sales of handicrafts ,Crafts Stores,jewelry and business income ,the higher level of gross margin products sales for the main source of profit for the company ,the Maori accounted for more than 50% of the total.
On the profitability ,the arts and crafts company rate of net profit and net assets yield were higher than the old shares ( listed companies ,but before the reorganization ) arts and crafts company currently facing the commodity market segments smaller ,the development prospects of small awkward situation.
After the restructuring, the company has carried on the overall adjustment ,developed more than 10 kinds of new products ,still mainly the development of crafts jade carving inkpad and other products and processing jewelry ,ivory carving is likely to become the company prospects.
  ;  ;  ;  ;  ;  ;at the same time ,crafts shop:Its virtual speculation as real Tibet -Craft Monke,elephant figurines,the major shareholder of Shanghai City Huangpu District country endowment appoint support company development attitude is clear, the injection of assets quality, good profitability ,asset injection is completed ,the old Fengxiang earnings will step up to a new stage .
The Guotai Junan is expected to present the restructuring plan is the first step for future restructuring plan ,ESOP and nature person will be part of the solution .  ;  ;  ;  ;  ;  ;benefit from the Expo will enhance the brand value of   ;  ;  ;  ;  ;  ;the World Expo 2010 ,Shanghai area is old and gold won the noble metal products production and management right, the jewelry pricing by the Expo limited ,the company according to market factor tuning.
At present the company in Shanghai region has more than 50 a total of more than 60 stores acquired the franchise ,crafts shop:Implement the spirit of the 17th Pa-frogs and toad,the fight for the completion of 150, company of the World Expo to give great hope ,Crafts Stores,a predetermined Expo new revenue target of 1000000000 yuan this year ,accounting for 10% of the company .
The Guotai Junan Expo is expected to company revenue contribution has greatly improved, but also contribute to the expansion of the old brand awareness ,but in the company gains limited .
  ;  ;  ;  ;  ;  ;this Domestic exports ,pencil company business income accounted for about 50% ,the current domestic market development space is small ,while the overseas market demand slowdown ,but due to various considerations ,company will not peel the business.
  ;  ;  ;  ;  ;  ;in the gold price fluctuations on the impact of the company ,Guotai Junan that risk from the trend of gold errors of judgement and the gold market rises urgently plummeted two .
Gold prices rise is helpful for promoting growth of sales and gross margin ,gold slow fluctuations or up or down are favorable to gold trading business.   ;  ;  ;  ;  ;  ;in the profit forecast, according to the consolidated financial data calculation of expected 2009 2010 ,ownership of the parent company of the owner of the net profit growth rate is respectively 189.
7% ,29.8% ,EPS were 0.6 yuan and 0.78 yuan .  ;  ;  ;  ;  ;  ;  ;  ;  ;  ;  ;  ;  ;  ;  ;  ;  ;  ;  ; 
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