The company is expected to receive 3 billion yuan a year

In the decoration industry, other companies are also running for customers, the shares of the company (002375, closing price of 94.5 yuan) has been "waterfront" on the industry "giant"-Evergrande Real estate. Yesterday (November 22) evening, the shares issued a notice that the company recently signed a strategic cooperation agreement with Evergrande Real Estate, which will provide the company with a 3 billion-yuan decoration construction task every year, and an increase of about 1 billion yuan a year. "Daily economic News" found that 3 billion yuan per year of business volume will have a significant impact on the performance of the shares in the ha.　　According to the data, the annual business receipts of the shares in 2009 are less than 2.5 billion yuan. With Evergrande Real estate to reach strategic cooperation November 11, 2010, decoration Industry, one of the three shares of thy billows (002325, closing price of 44.00 Yuan) set up Liaoning company, the move is considered the company to the national march of an important step.　　At this time, the shares of thy billows never thought, when they are still trying to expand their business, the same industry rivals in the business of the shares will be a qualitative leap in volume. Yesterday evening, the shares issued a notice, the company on November 21 with Evergrande Real Estate signed the "Strategic cooperation Agreement" on both sides in the next two years, the Housing Decoration project reached an agreement. The contents of the agreement include the company to undertake Evergrande Real Estate and its subsidiary project company part of the construction of building decoration decoration project construction business; Evergrande Real Estate arranges about 3 billion yuan each year the decoration construction task to the company, and increases each year about 1 billion yuan the construction task　　The commitment of the shares of the contract to the design and construction of the contracted indoor and outdoor decoration projects to give Evergrande Real estate the largest concessions, as the two sides signed a specific project construction or design contract basis. The information shows that the shares of the company and Evergrande have been cooperating before. In the 2007 ~2009, the business income of the company was 2.4097 million yuan, 119.4518 million yuan and 118.4833 million yuan for Evergrande Real Estate and its affiliated enterprises respectively, which accounted for 0.18%, 7.38% and 4.76% of the total audited operating income of 2007 years ~2009 year respectively. and Evergrande Group as one of the top ten real estate enterprises, the strength can not be underestimated.　　Evergrande Real Estate website released data shows that the first half of this year, Evergrande achieved sales area of 3.34 million square meters, ranked first in the country, the realization of the sales amount of 21 billion yuan, ranked second in the country. The long-term "meal ticket" to recreate a sub-mansion in the shares and the constant land of the agreement, the most concerned is 3 billion yuan per year, and the annual increase of 1 billion yuan project tasks.　　Data show that the shares of the company's 2009-year operating income of 2.487 billion yuan, 2010 years ago three quarters of the operating income of 3.07 billion yuan, 3 billion yuan of the project is equivalent to the reconstruction of a shares in the mansion. The shares of the company said that because the agreement will not be implemented this year, the impact on the 2010-year performance is very small. If the agreement is fully implemented, it will have a positive impact on the company's operating performance in 2011 and 2012. 2011 years, 2012 Evergrande Property respectivelyTo the shares of the company to provide 3 billion yuan, 4 billion yuan project to give Evergrande Real estate concessions, the current building decoration business of the company's gross profit margin of 14.9%, that is, 7.5% of the gross margin calculation, the next two years,　　The shares of the company can obtain 225 million yuan and 300 million yuan operating income from Evergrande Real Estate, and the net profit of 166 million yuan and 222 million yuan can be obtained according to the current financial level, which is equivalent to 0.79 yuan and 1.05 yuan per share contribution. will not be dependent on the formation of Evergrande "daily economic news" found that the agreement on the shares of the company also has certain constraints, such as Evergrande Real estate requirements in the strategic cooperation period, to undertake other real estate business housing fine Decoration Project construction business shall not exceed the annual turnover of 10%. But the limit is practically empty. The prospectus for the shares shows that none of the company's 5 largest clients in 2007 ~2009 accounted for 10% of revenues.　　In other words, if the ha reasonable adjustment of good operating production, and Evergrande's cooperation will not hurt the company's existing customers, will not affect the company's existing business volume.　　Interestingly, in 2007 and 2008, Riverside Group (002244, closing price of 10.66 Yuan) is the largest customer of the shares, but the contribution of business income is less than 100 million, this and "New love" Evergrande Real estate is dwarfed. For the future development of the agreement after the signing, the shares said that the company will not form a business dependence on Evergrande. As the strategic cooperation Agreement is only in principle, the framework of the provisions, the actual amount of cooperation with the formal signed construction contract, the actual amount of the contract can be achieved uncertainty.