Sign 500 million project to imply transformation Success Green Earth re-hwan Youth

After the determination of the main business to the transformation of the project, The Green Earth (002200, closing price of 42.06 Yuan) project orders are pouring in. At the end of October, 70 million Yuan project contract was signed in Langfang New Century park, less than one months after the next city. Yesterday, the company announced with the Sichuan province Nanchong city Construction signed "Letter of Intent", the total amount of construction projects up to 500 million yuan.　　If the above project finally won the bid, this will be the first hundred billion project contract in the history of green land, which means that the green land to the transformation of the engineering business speed up, yesterday's strong green ground trading. 500 million project contract is about to come yesterday, the Green Earth Bulletin said, the company and the Sichuan Province Nanchong housing and urban-Rural Construction Bureau signed the letter of intent, in the performance of the tender process as a whole bear Nanchong Xihua Sports Park, the north New Town Road, East Lake Park, Jiangdong Road South section of the project, the　　After the completion of the project three times paid, the proportion of 4:4:2. "Although the Nanchong project is only the intention of cooperation, has not yet won the contract and signed, but from the existing competitive bidding situation, the successful completion of the Green land in Nanchong project awarded should not be a problem." "A brokerage analyst told reporters," 500 million yuan contract amount of green land project will play a landmark significance, from the early stage of the company a series of municipal projects, the single highest amount is only 90 million, and Nanchong 500 million yuan construction project will become the company's history of the first billion single.　　In addition, the total amount of capital of 500 million yuan, has been equivalent to 2009 years of business total revenue 1.01 times times, and suddenly undertook 500 million construction list, which also in the side to verify the Green Earth Project (blog) strength gradually strengthened, and the road of the company transformation is constantly advancing. But for this big single on the company's performance impact, the green Earth explanation shows relatively conservative.　　The company said that the project will be implemented in phases, if the bid is expected to the company's 2010 business performance impact is small, the 2011 and future annual operating performance impact needs to be determined according to the actual situation.　　The engineering business has been speeded up although the 500 million cooperation agreement on the company's performance impact, the green Earth to remain cautious, but the securities brokerage of green land engineering business has been not optimistic, to the present successful transformation of the company to express affirmation. Xin Securities said that the company's Garden project Business accelerated, the company's strategic change and future growth is very optimistic, a unique advantage of the garden enterprises are renewed New year, Green Landscape Landscaping project business in the next few years will achieve leapfrog development, 2010-2012 years three years compound growth rate of more than 100%,　　The engineering business will become an important profit growth point for the company. At present, the Green Earth has disclosed the order (including cooperation intention) more than 1 billion yuan, a brokerage analyst told reporters, in the current situation, this part of the order is enough to ensure the 2011 project demand, and from the construction cycle, 2011 should determine the majority of the project revenue,　　According to this projection company 2011-year performance will reach about 1 yuan, will appear a big rise. As to the source of funding for the project, the analyst believes that the company has earlierPlease loan a series of actions to ensure the current project progress. In addition, in addition to the business downstream greening construction infiltration, the green Earth also has the upstream stock resources, and the early drought-affected nursery stock business will be fully recovered in 2011, and many of the city seedlings are more than 50% of the rise.