"Hematopoietic function" too weak Mei Ling additional question

Mei Ling Electrical Appliances (000521) July 15 A sharp decline of 4.28%, volume more than the first two days to enlarge.　　Some market people pointed out that in the refrigerator industry as a whole to a good background, Mei Ling electrical appliances in the first half of the refrigerator should also have a certain growth, but the continued business only to achieve 3.8 million yuan net profit, people have to suspect that the company's own "hematopoietic function", more people questioned the company's additional investment projects prospects. Persistent embarrassment "We are all very puzzled, the refrigerator industry in the first half of the sales growth momentum is very good, Mei Ling Electric market share is also around 7%, why the continued operation of the business to achieve net profit only a poor 3.8 million yuan?" "An industry researcher said," The upcoming issue, Meiling Electric appliances should not hide the power of profit, there is only one explanation, the company's own hematopoietic insufficiency, the ability to continue to grow doubtful. In fact, the first half of this year the refrigerator industry emerged from the financial crisis after the two flourishing situation.　　According to third party data, this year January-April refrigerator Sales still continue to start in the second half of 2009, the rapid growth momentum, the overall sales of 23.99 million units, the year-on-year growth of 44.1%, the main growth from domestic sales, January-April 18.1 million Taiwan, a large increase of 52.3%, the proportion has been raised to 75%. Compared with the same industry companies, the company's main business of the "hematopoietic function" is very weak. According to wind statistics, as of July 15, 20 companies announced the interim results of the forecast, the US-ling electrical appliances ahead of the increase, ranking in the BDO run up to 930%, but after deducting the non-recurrent profit and loss, the continuous business generated net profit of only 3.8 million yuan, is almost the bottom.　　Other medium-term net profit increase of more than 100% is also frequent shares, the United States of electrical appliances, Hisense Kelon, small Swan, Vantage shares and other companies, the United States, the net profit of about 1.79 billion yuan, Hisense Kelon about 330 million yuan, the Chinese Dili shares about 35 million yuan. And in terms of brands, the United States before the April refrigerator sales of 1.5 million units, the market share of 6.3%, the industry ranked in Haier, the United States, Hisense Kelon, ranked fourth.　　As one of the industry's fourth-ranked manufacturers, such profitability also plans to raise huge sums of money to build high-end refrigerators, raising doubts about its market prospects.　　Mei Ling Electric Before the announcement, the company intends to 10.18 yuan price directional additional, raise funds not more than 1.2 billion yuan, to the luxury refrigerator production base, ice box expansion project, environmental protection and energy-saving refrigerator expansion project and supplementary liquidity. Some market personage pointed out, the Mei Ling Electric Appliance raises the investment item still is its main business refrigerator, one of the high-end refrigerator project plans to invest 730 million yuan, accounting for the overall fund-raising 60%, but the brand influence of the company has been in the three or four-tier market dominance in high-end refrigerator market, has been Siemens, Samsung and other foreign brands and Haier　　, the United States and other strong domestic enterprises in the world, the US-ling rushed to the war, the market prospects may not be optimistic. The stock price of the six Lian Yin in fact, since the Mei Ling electrical Appliance July 9After the announcement of 591% in the paper, the organization began to vote with its feet, until July 8, the Mei Ling electrical appliances have been 6 consecutive days, turnover significantly increased to 100,000 hands daily.　　China Securities newspaper 15th published "Mei Ling Electrical Appliances in the" "blood transfusion Growth" myth, the United States Ling Electric Day low Open in 9.53 yuan, the whole day turnover of 95,000 hands, the tail plate fell 4.28% to 9.17 Yuan, the company's additional price 10.18 yuan lower than a full 1 yuan. "In the current weak city, break is not unexpected, and the problem is that the Mei Ling electrical appliances, how to prove to investors the continued growth potential of the company's main business, as well as additional investment projects in the future profitability." "A private equity manager in Shanghai said," the success of the issue is now a question, after the dormant institutions have begun to significantly lighten.　　"The fund company started to lighten up in the first quarter of this year and cut its holdings by as much as 13 million shares, almost half of its position at the end of 2009." Public data show that at the end of 2009, a total of three fund companies to add rich, Guangdong, Silver Credit Suisse entered the top ten shareholders, total shareholding reached 28.78 million shares. However, the Mei Ling Electric Appliance One quarterly show, only has sinks adds the rich, the GF Two fund company Total holds 15.43 million shares, this means that the work Banrishin completely exits, another two companies also carried on the substantial reduction.