4 billion orders in hand Oriental garden will be "choking"?

Into the May, the Oriental Garden (002310, closing price of 170.80 Yuan) has become the focus of market attention!　　As a result of three consecutive total of more than 3 billion yuan in sky-high orders, Oriental garden recently soared, especially in the May 26, the company set a record 185.99 yuan in the historical record, 176 yuan to become the first high price stocks. Although the king of the throne has brought the market popularity to the Oriental garden, it has also aroused the doubts of some people in the industry. There are insiders told the "Daily Economic news" reporter, the company in May to take more than 3 billion yuan orders, plus the previous orders, is currently in hand orders are close to 4 billion yuan, is the last year's operating income 6.85 times times. "It's a good thing to order more, but can oriental gardens be digested?" As far as I know, the company in the design of the staff is relatively deficient. "Even the price of the contract prices soared Oriental garden as a positioning in the" urban landscape operators, "the enterprise, in the A-share market has a greater scarcity. As a result, when the Oriental Garden first came to a a-share market at the end of November last year, it was unanimously favored by many institutional investors. On the first day of the market, Oriental Garden is easy to enter the "Hundred Dollar Club", the report received 116.50 yuan.　　Since then, the Oriental garden is soaring, as of yesterday, the company's share price has risen nearly 160% in less than half a year, far ahead of the listing of the shares (002308, closing price of 18.57 yuan), China-Lee Technology (002309, closing price 30.46 yuan) and other stocks.　　Into the May, although the market tumbled to 2,500 points, but the Oriental garden performance eye-catching, counter-city soaring, especially in May 21, 24th, the company for two consecutive days trading, 26th is to create a record high of 185.99 yuan (the former reinstatement price), become the first high prices of stocks.　　And the important factor that stimulates the stock price to rise, is the Oriental garden in May successively signed three total over 3 billion yuan of big single. May 7, the Oriental Garden and Datong City Landscaping Construction Management Service center signed 1.2 billion yuan contract; May 12, Oriental garden and Zhangbei People's government signed a framework agreement of 240 million yuan; May 24, the company and Anshan City Construction Investment Development Co., Ltd. signed a 1.6 billion-yuan contract.　　The cumulative amount of the above three contracts is as high as 3.04 billion yuan, the total contract amount of the company 2009 audited total operating income of 584.0785 million Yuan 5 times times.　　Orders in hand are close to 4 billion yuan according to the public information revealed that the Oriental Garden in 2009 signed 7 major contracts, but the total amount is only 723 million yuan, of which the largest contract amount of the Dragon City Landscape project is only 432 million yuan.　　In addition, according to a study published by BOC International in March this year, the company has not completed the contract as at the end of 2009, about 400 million ~5 billion, and 500 million ~6 billion in new orders since 2010. As the Oriental Garden in May this year to take up more than 3 billion yuan new contract, the daily economic news reporter simple estimate after found, Oriental Garden is currently in the hands of the contract amount may be close to 4 billion yuan.　　Can the company digest 4 billion yuan of orders? A market personage told "Daily Economic news" reporter, the characteristics of the garden project decided the enterprise returns a long period, the fund request is higher. "Because most of the project needs bidding, generally common project duration between six months to one year; the tender margin and project performance guarantee letter is probably in the 15%~25%, and the project starts three months before it can get the funds, which will occupy the enterprise more liquidity. "One analyst told the Daily Economic news reporter that from the Order of Oriental garden, mainly local government's landscaping projects, and government projects, the settlement cycle will generally be longer, which is a test of the capital capacity of the Oriental garden."　　The analyst also points out that the scarcity of Oriental landscape design professionals is also one of the bottlenecks in completing contracts. The main bottleneck of Oriental Gardens is the lack of experienced personnel, project managers and art directors, the Bank International said in the study. There are more than 30 project managers who control the project independently.　　If the company continues to expand, the project manager and the art staff will need supplies.　　Company: Complete certainly no problem face the market to the company can digest 4 billion yuan order question, "Daily economic news" reporter recently called Oriental Garden. "Our ability to sign a contract means we are, of course, capable of accomplishing it," "First of all, the company listed 515 million yuan to raise funds to reduce the financial pressure, and the company began to recruit some experienced professionals early, the completion of these lists is absolutely no problem." "Public information has also proved the person's claim."　　According to the Oriental Garden report, the company's 2006, late 2007, the end of 2008 and December 31, 2009, the total number of employees are 249, 288, 384 and 498 people, showing a continuous upward trend.　　In addition, the company recently proposed to 129.98 yuan/share price of the company's middle-level backbone of the equity incentive, which is conducive to the stability of the company's management team, attracting talents to join. Huatai Securities analyst to the "Daily economic news" reporter said, "a period of time before the company to implement equity incentives, the future introduction of talent will also implement equity incentive, which is very attractive in the industry, especially for high-end talent attraction."　　"and May 24 also said that Beijing Oriental Garden has hired former British art group in China, director of the general architect Mr. Liu Jia to join the Oriental garden, as the landscape Design Group president." "We expect the number of companies to reach 800 this year," he said.　　Said the company to reporters.　　In addition, some analysts also showed optimism about whether Oriental Gardens could digest large amounts of day. "Many projects are the Ming and the next, according to the pace of development of Oriental gardens, these lists for the Oriental garden should not have much problem."　　"Days of congenial analysts to the daily economic news, said. Founder Securities analyst ChenGuangyao agrees.　　In his view, the related projects will not start immediately, but first into the design phase. And from the public data reporter also see, oriental Garden Engineering Business Company plan to 2014 gross output value reaches 6 billion, five year compound growth rate reaches 60%. This shows that this year, more than 3 billion of the large list is also in line with the company's development plan.