Business treasure: stable growth of chemical network, prudent recommendation and rating

Business news on August 28: during the reporting period, the company realized an operating revenue of 75174700 yuan, a year-on-year increase of 27.9%; a net profit of 30795300 yuan, a year-on-year increase of 55.00%; and a basic earnings per share of 0.23 yuan The company's performance is basically in line with expectations Comments: the growth of flagship website is stable, the growth of business treasure is rapid, the cost is rising fast, and the impact of non recurring profit and loss is large The revenue of flagship websites dominated by chemical websites increased steadily year on year, accounting for 53% of the revenue, and the operating revenue of chemical websites increased by 20%, which is the basis of the company's operating revenue growth Business treasure has entered a period of high-speed growth, with its operating revenue increasing by 103.4% year on year, and now it has become the second largest revenue source of the company During the reporting period, the company expanded its personnel and increased its investment in sales and R & D, resulting in a 1.5% decrease in gross profit margin and a 34.4% and 31.5% increase in sales and management expenses over the same period last year The company also transferred 20% of China garment net's equity to obtain an investment income of 5.771 million yuan and a government subsidy of 7.749 million yuan For example, excluding non recurring profit and loss income, net profit increased by only 8.3% Toocle.cn has entered a period of high-speed growth In the future, its income will rise and its net interest rate will rise The high growth rate of 103.4% indicates that Shangbao has entered a period of high growth The company is mainly engaged in Internet business, with marginal cost almost zero The high expense rate in the early stage of development is only a temporary phenomenon It is expected that the company's comprehensive gross profit rate will gradually increase with the increase of revenue, the expense rate will gradually decrease, and the net interest rate will increase Reduce the holdings of China service to impact the growth enterprise market At the beginning of the year, the company reduced its holding of China fashion from 51% to 19.62% The management of China Fashion subscribed 11.38% of the shares, and finally became the largest shareholder of the company with a proportion of 60.38%, realizing the holding China fashion has the opportunity to log in to gem in three years If it succeeds, the company will get rich return on investment "Prudent recommendation" rating will be given in the short term According to the mid-term report, the EPS forecast for 2010-2012 was lowered to 0.43 yuan, 0.48 yuan and 0.62 yuan, corresponding to a price earnings ratio of 67, 60 and 46 times, respectively The current price has basically reflected the company's business situation, and the rating of "prudent recommendation" was given in the short term.