Is the trip to the double sinks to start or end?

Come out sooner or later. Following the infusion of assets in December last year, the two-sink development (000895) was followed by a continuous exit of six attractive trading boards.　　SZ) again in the line chart to draw the same figure, only this time replaced by a not good-looking drop-stop plate.　　The director of this fall off the board is the infamous lean meat essence, in the use of lean meat pork raw materials, double sinks on March 16, the emergency suspension, one months later, the company finally in the April 19 recovery.　　On the day of the recovery, the double sinks were almost limitless. In fact, such a situation has been expected by various investors. But to all of us is not sure, in this huge "a few" on the other side, the development of double sinks of the board of the trip is just opened the curtain, or is about to end.　　And this will bring about the uncertain impact of the reorganization of the double sinks development.　　The momentum of the development of double sinks on the first day of the two-meeting is no doubt worrying investors.　　In more than more than 80 million shares under the pressure of sales, the double sinks development will fall, and the previous fall and stop very different is that the Air Force almost no resistance, only a small amount of sporadic turnover, the largest volume of trading in the day is only open 311 hands of the deal.　　Investors ' concerns are not unreasonable, and the impact of the clenbuterol incident on the development of the double sinks has been gradually emerging, and this has only just begun. On the April 19, the double sinks published an explanatory bulletin on the Clenbuterol incident, saying that "as of March 31, Jiyuan double sinks to recover the market circulation of meat products 1259 tons, chilled meat 259.4 tons, Jiyuan double sinks in the sealed chilled products 258.8 tons, has been harmless treatment."　　According to the bulletin, "The above processing is expected to lose 31 million yuan", because the main Jiyuan of the incident is not double sinks development assets, so this part of the loss does not have a direct impact on the quarterly performance of listed companies. "At present, the indirect impact is even greater, and the most serious is the impression and confidence of the consumer on the double sinks products, including the consumption of similar products will certainly be a big impact, which will adversely affect the performance of listed companies."　　"A brokerage analyst who declined to be named said frankly.　　Although the impact of the clenbuterol incident has only just begun, the impact on the development of the double sinks has already begun.　　According to the development of double sinks, the company's net profit in the first quarter will be between 265 million yuan to 270 million yuan, the year-on-year growth of 10% to 12.5%, this increase with the previous level has been a decline.　　"March 2011, it is expected that the impact of the double Exchange Group operating income of 1.36 billion yuan, which affects the development of two-way trading income of 1.34 billion yuan (including sales of dual Exchange Group products revenue)".　　Still, analysts at the brokerage said the impact on first-quarter results was not significant because of the incident in late March, and that the real impact might begin to emerge from the two quarter. "Double sinks can make use of their strong position to allow distributors to get their products backOn sale, but there is no way to let consumers quickly eliminate psychological shadow.　　The analyst told reporters.　　Yet there are still plenty of analysts who have confidence in the development of the two sinks, compared with some pessimistic observers.　　A notable phenomenon is that only in the Maibo Huijin research platform, there will be a number of brokerage institutes including Galaxy Securities, Xingye Securities, Guotai, Wanguo, etc., to recommend, increase or buy a rating on the development of double sinks.　　Another interesting phenomenon is that Huatai securities researcher Zhang Yin on March 16 on the double sinks development to give a wait-and-see (downward) proposal, Huatai joint researcher Shangdong quickly on March 17 out a "lean meat fine interference bring buy" purchase report.　　In addition, the double sinks of the Societe Generale and other funds of the fund managers also have a very two-way development.　　The unanimous of the first day of the reorganization or reassessment of the cards showed that the institutions ' eventual failure had not changed the fact that the double sinks were paying for the mistakes of their major shareholders.　　It is hard for institutions to face that the bigger problems of double sinks may be just beginning. "The current share price of double sinks is based on the expected restructuring, if the clenbuterol incident affects the infusion of assets, or if the profitability of the injected assets is affected, then the stock price is now to be reassessed."　　"The general manager of a Shanghai brokerage investment bank told reporters.　　Such worries are not unfounded. The reporter found that this time involved in the Clenbuterol scandal Jiyuan double sinks is the injection of assets part.　　The reorganization report containing the assets was accepted by the SFC on February 25. In this connection, the double sinks development in the announcement said: "The double sinks group and the company will vigorously promote the major assets reorganization work, and depending on Jiyuan double sinks the further investigation progress, maintains the communication with the supervisory authority."　　"According to the regulations on the management of listed companies ' securities issuance, if the relevant persons of the double Exchange group are subject to investigation or administrative punishment, and the directors or executives of double sinks are involved, the company will not be allowed to carry out directional additional work within three years." A market person close to the management of the group has told our correspondent: "Jiyuan's general manager, Deputy Manager, Purchasing minister and Quality control minister have been removed from office." But no Jiyuan executives or group executives are being punished. "But for the restructuring plan, the core source said," the injection of assets itself is not a problem, but in the production process of upstream raw materials detection control problems. For the consumer's responsibility, the current Jiyuan double sinks automatic cut-off rectification, temporarily not clear how to deal with. "The double sinks group in the announcement pledged:" The company will take the positive measure to resume the production operation, and regards the related recovery situation to pay attention to this important asset reorganization to inject the asset appraisal value the influence.　　The investment bankers told reporters that the second issue of the dual-remittance development of the asset restructuring will also face another problem is asset valuation and earnings forecasts. Double sinks development previously published reorganization report showed that the injection of the asset package of the estimated 31.86 billion yuan, and Huatai UnitedData from the researchers showed that Jiyuan's revenue for the first 10 months of last year was 1.32 billion yuan, accounting for 4.5% of the total. "Although the size of the Jiyuan double sinks is small, the company will inevitably cause a reduction in the value of the evaluation, resulting in a change in the overall assessment value, not to mention the lean meat essence incident on the double sinks the entire brand will have an impact."　　"A senior partner at an accounting firm in Nanjing told reporters.　　As with the estimated value of the assets to be injected, there are also earnings forecasts that need to be reassessed. According to the information published in the double sinks development, the net profit of the proposed assets for 2011 to be attributed to the parent company is $2.401 billion, and the net profit of 1.876 billion yuan, which is attributable to the parent company in 2010, has increased by 27.94%.　　"Once the proposed injection of assets is not able to achieve profit forecasts, the dual-exchange group and the company's commitment to the total number of shares in its current subscription to calculate the number of shares in a certain proportion of compensation, the shares will be the company to buy 1 yuan repurchase and cancellation." "The clenbuterol incident will certainly have an impact on the performance of the two sinks, and if you do not make a new profit forecast now, the double sinks group is likely to face huge repurchase pressures in the future."　　Said the investment bankers frankly.　　"The management measures of the major assets reorganization of listed companies" stipulates that, during the period of review, the listed companies shall make major changes to the objects of the transaction, the target of the transaction and the price of the transaction, which constitute a major adjustment of the reorganization plan, which should be resubmitted to the general meeting of shareholders after the "This means that once the asset assessment and earnings forecasts are reassessed, the restructuring will need to be resubmitted to the shareholders ' meeting." "The investment bankers said frankly," finally passed the shareholders ' meeting, the company will not want to take another risk. As for the development of double sinks, it is really a difficult question to answer whether the April 19-stop plate is just beginning or coming to an end. Responsible Editor: NF045