Oriental Garden Qualification Review failed

Just stand firm "the first high price stock" Oriental garden (002310) suddenly encounter qualification storm.　　Yesterday, the Ministry of Housing and Urban and rural construction announced a continuous level of urban landscaping enterprises assessment results show that in the first round of qualification evaluation, Oriental Garden qualification application failed to meet the standards. Without a level of qualification, all the "proud" large contracts previously signed by Oriental Gardens could lose the basis for implementation.　　However, from yesterday on the plate, the trend of Oriental garden has not been too much impact, the plate is a one-time record of 185.3 yuan in the stock market new highs, further consolidating its a-share "king" throne. Yesterday, the Oriental Garden Rose 1.02%, the newspaper closed at 176 yuan, leading two cities, the second highest price of national technology 16 yuan. At this price, its share price has risen by 267% since its listing, while the market has fallen 16% per cent over the same period.　　At present, the dynamic P/E ratio of Oriental Gardens is over 400%. Recently, the Oriental Garden frequently announced that in Anshan, Datong and other land to obtain huge orders, the contract amount has exceeded its 2009 main business income several times.　　Buoyed by the news, May 24, the first-listed Oriental garden has emerged from a major contract to be among the top-priced stocks. However, in the light of the time, yesterday, the Ministry of Housing and Construction announced the city landscape Greening enterprises to continue the qualification assessment results show that the Oriental garden continued to the level of qualification applications did not meet the standards.　　The Ministry of Housing's explanation is "substandard personnel and social security certificates do not meet the requirements." Subsequently, the staff of the Oriental Garden Securities Office confirmed the news to reporters. He said that in the first round of qualification review of the Ministry of Housing construction, it did pick out some defects in the company's declaration, mainly the qualification assessment form of a senior engineer was lost. "The company will find a way to make the material up, and apply again, will certainly pass the review."　　"At the same time, he said, it will not affect the operation of the company, the previous contract will not affect." According to the October 2009 revision of the "Urban landscape greening enterprise Qualification grade standards" requirements, only a qualification of enterprises can undertake various scale and type of landscaping works, can be engaged in landscaping seedlings, flowers, bonsai, lawn cultivation, production and management.　　And the two-level qualification can contract the cost of the landscaping project is limited to less than 12 million yuan, and does not have landscaping seedlings, flowers, bonsai, lawn cultivation, production, management qualifications. The recent announcement of the Oriental Garden several major contract content, Datong Wen Yinghu Project Landscape Project contract amount is 1.2 billion yuan; signed two green construction agreements with the Zhangbei County government involved 240 million yuan; The agreement amount of Anshan Urban landscape project is as high as 1.6 billion yuan. Reporter rough Statistics, in a short period of one months, the company signed more than 3 billion yuan contract big single. According to its 2009 annual report, Oriental Garden achieved a total operating income of 584 million yuan in 2009, attributable to the parent company's owner net profit of 83.73 million yuan. That is to say, 3 billion yuan contract big single sign, the equivalentThe company has stocked up with food for the winter of the coming years. This shows that the level of qualification for the Oriental garden is important, it is related to its fate.