BBMG shares: Creating "a+h" capital Platform

Yesterday, BBMG shares officially announced the absorption of the merger of Taihang Cement (600553) of the specific plan, BBMG shares will be absorbed by merging too cement to achieve the overall listing, to create "a+h" of the two capital platforms. BBMG AG Management believes that the merger of the BBMG shares to cement, will further enhance the competitiveness of its cement plate, enhance the company's control in the regional market, the formation of building materials manufacturing as the main industry, vertical extension of real estate development, property investment and management and other industries,　　Become the vertical integration of China's industrial chain of large-scale building materials production enterprises, development prospects can be. BBMG is the largest cement production enterprise in Beijing, Tianjin and Hebei, China's cement industry is also the leader of Low-carbon, recycling economy, not only is China's first use of pure low-temperature heat power generation technology, one of the cement companies, but also China's first use of cement kiln disposal of urban industrial waste enterprises, and the most disposal type, the largest, Enhance the profitability of the company. The company will actively improve the Beijing-Tianjin-Hebei "big Cross" strategic layout, accelerate the pace of merger and reorganization of cement industry. At the end of 2010, the company is expected to reach 40 million tons of cement capacity, sales will reach 26 million tons, are more than 2009, the end of the company in Beijing, Tianjin, Hebei's cement market share is expected to reach 80%, 36% and 20% respectively.　　The plan shows that the company's 2010 cement plate forecast operating income will exceed 10.8 billion yuan, an increase of 119.08%, 2011 will be more than 17.7 billion yuan, compared to 2010 forecast growth of 63.49%. As a real estate development enterprise in Beijing, BBMG shares mainly develop diversified and multi-level real estate projects including affordable housing, commercial housing and office buildings. At present, the company has more than 6 million square meters of land reserves, mostly in Beijing, Tianjin, Chongqing three cities. Faced with the policy of increasing the supply of affordable housing, BBMG will accelerate its own land development, increase the investment in affordable housing, the 2010 and 2011, the carry-over area of housing will increase by 278.06% and 43.42% respectively. The company's 2010 real estate business gross margin is expected to remain at about 30%.　　Real Estate Sector 2010 forecast operating income of 6.8 billion yuan, an increase of 83.56%, is expected to achieve 2011 operating income of nearly 8.6 billion yuan, than 2010 forecast growth of 25.73%, the performance will be healthy growth. BBMG shares or the Beijing region's large-scale property investment and management company, the company in Jinrongjie, Zhongguancun, East three-ring business district, Dongzhimen, such as Beijing's core areas of the city holds high-end property projects. Assessed by the assessment body, BBMG shares only high-end holdings of property valuation will exceed tens of billions of dollars.　　With the future increase in investment in real estate and rental rate, the property investment and management sector in 2010 is expected to earn more than 1.3 billion yuan, an increase of 13.17%. In addition, BBMG is the largest green, environmental protection and energy-saving building material manufacturer in the Bohai Sea area of Beijing, and is the most popular product in the Beijing Olympic Games venues construction project., the largest number of building materials suppliers to enter the most venues.　　The company expects 2010 building materials plate operating income of more than 4.4 billion yuan, an increase of 36.33%. After the merger, the net profit of BBMG shares reached 2.887 billion and 3.628 billion respectively in 2010 and 2011, with an annual growth rate of about 40% and 26%. Market participants believe that the merger plan is reasonable and the future profitability is outstanding, which will help the existing shareholders to share the investment value and growth potential of the stock.