Huaxia Fund dives into the Baiyun mountain a three-old transformation

Net profit rose 90%, today (March 5), Baiyun Mountain A (000522, closing price of 17.86 Yuan) published a beautiful annual report. However, in the face of performance growth, the company's top ten circulating stock shareholders have also undergone a small change.　　On the investment of Morgan domestic power fund body and retreat, Huaxia department three funds suddenly sneak into. It is noteworthy that Baiyun Mountain A in the annual report said to actively promote the "three old transformation" work, revitalize the company's stock assets.　　In the future, how much profit can this part of the assets bring to the company?　　Net profit growth of Baiyun Mountain A2010 Annual report shows that the company to achieve annual operating income of 3,316,860,000 yuan, an increase of 18.67%, the total profit of 257.09 million yuan, an increase of 118.58%, net profit of 204.74 million yuan, the year-on-year increase of 89.98%. According to previous data, the net profit growth rate of the Baiyun mountain A has steadily increased in recent years, from 2008 to 41.83% to 2009 41.04% to about 90% last year, and the company's operating conditions have returned to pre-crisis levels.　　2007, the net profit growth rate of Baiyun Mountain is 91.29%. For performance growth, the company said, the main reason for the increase in profit is the company's product production and sales. The Board report pointed out that 2010, the company's products and the annual main push product tailor-made marketing program, improve the market share of key cultivation products, such as Guangzhou Baiyun Mountain Hutchison Whampoa Chinese Medicine Co., Ltd. of the mouth of the Qing, Buishan Co., Ltd. small bupleurum. 2010, the company and holding subsidiaries a total of 7 products (series) sales of more than billion yuan, the joint venture sales of billion products have Guangzhou Baiyun Mountain Hutchison Whampoa Medicine Co., Ltd. production of compound Danshen tablets (399 million yuan), Radix Isatidis granules (360 million yuan), Canton Hundred Special Medical Supplies Co., Ltd. production of the　　Long chain fat emulsion injection (162 million yuan). However, the annual report of the Baiyun Mountain also reflects the rising cost of pharmaceutical enterprises and the decline of drug prices. "Daily economic news" reporter found that the company's seven major products, gross profit margin of only two rise, that is, amoxicillin gross profit margin rose 1.43%, the first gram of oxime up 0.69%.　　And such as clearing the spirit, a power cough, the registration of Acetamiprid, ceftriaxone Qusong sodium raw materials, such as the gross margin of products are down more than 3%.　　What is the fund lurking in Huaxia? The daily economic news reporter found that, in the case of substantial growth in performance, the number of shareholders in Baiyun Mountain a decreased in the Four seasons last year.　　By the end of last year's third quarter, the number of shareholders was 73420 households, and the end of last year was 72801 households. It is noteworthy that in Baiyun Mountain A's top ten circulating stock shareholder details, the organization adopted a very different mode of operation.　　Originally in the third quarter of last year crazy 8.7922 million shares, the end of 13.8 million shares in the second largest shareholder of circulating shares in the investment Morgan domestic demand power unexpectedly from the annual report completely disappeared. On the contrary, the annual report shows that the Chinese department has three funds in the last four quarters of the latent into the Baiyun mountain A. HeThey are the successor to the second largest domestic demand for investment in the current stock shareholders of China's Advantage Growth Fund, the shareholding of up to 22.42 million shares, the fourth largest shareholder in China Return Fund, 6.2082 million shares, China's largest shareholder in the Chinese return second fund, holding 3.452 million shares.　　Huaxia funds total shareholding of more than 32.08 million shares, the proportion of the total stock of the Baiyun Mountain a 6.84%.　　From last year four, the trend of Baiyun Mountain A, Huaxia fund intervention point of time is likely in the last October, to this estimate, Huaxia funds profit space is not large, or even may be "quilt cover."　　Huaxia heavy Cang Dive into Baiyun Mountain A in the end is simply optimistic about the company's performance, or the company has other views? On February 23, Baiyun Mountain A in the release of the clarification notice, the company has 23 pieces, an area of about 889.53 acres of land was included in Guangzhou, "three old transformation" planning.　　The company said, because there is no more than the specific disposal of plant land and relocation plan, timetable, it can not judge the impact on the company. However, the daily economic news reporter found that in the company's annual report of the Board of Directors looking forward to 2011, it was clear that to "fully use the Government's policies and resources, and actively promote the ' three-old transformation ' work, revitalize the company's stock of assets." "Then, the future of this part of the stock of assets can bring a lot of economic benefits to the company?" Let's wait and see.