Spike a net profit dropped more than 40% last year

NetEase Financial April 14 Spike Heng Yun a evening to disclose the annual report, the company in 2010 to achieve net profit of 135 million yuan, fell 46.42% year-on-year, earnings per share of 0.5076 yuan.　　The company said that due to the reporting period of coal procurement costs increased year-on-year, and does not exist in 2009 when the acquisition of Guangzhou Securities acquired 41.7 million yuan outside the income and other factors, the net profit significantly decline.　　2011 The Company intends to complete the production of 6.33 billion kwh of electricity consumption task. Galaxy Securities recently issued a unit research report pointed out that, based on long-term, sustainable development considerations, Sui Heng Yun a proposed "based on the main business, career development" development strategy, and selected the financial, real estate as the direction of career development. After the securities, real estate business areas of business investment, as well as the power of directional additional issues approved, the company's new business layout is basically formed. The company's power business into the mature period, can provide a stable cash flow, and become the financial real estate business sustainable development of the Foundation and protection. The economic cycle of financial real estate business can make up for the lack of growth of power business. Therefore, the future development of the company is both robust and growth. Galaxy Securities that the company's reasonable value of 16.24-17.84 yuan.　　Maintain a "recommended" investment rating for the company. 14th, Sui Heng Yun a closed 13.94 yuan. Responsible Editor: NF058