The National Union Aquaculture Tilapia project will increase profit

National Union Aquatic Products (300094) are listed on Gem today. The company is mainly engaged in shrimp and tilapia seedlings, feed, aquaculture, processing and marketing, the existing 60,000 tons of shrimp and 40,000 tons of feed capacity.　　Analysis of the National Union aquatic business structure, shrimp exports are the main source of profits for the company, which will continue to maintain steady growth; Shrimp domestic sales prospects are good, income is expected to achieve rapid growth, and the current IPO of the Tilapia project, by replicating shrimp model, to support the company's long-term development of the new mainstream products. 2009 National Union aquaculture shrimp Export Sales income of nearly 900 million yuan, accounting for the proportion of the company's income 80%.　　The company is currently the largest shrimp export enterprises in 2009, the company's exports to the United States accounted for China's shrimp exports 37.26% of the United States market, the company is also the only domestic (two of the world only) the United States shrimp "zero tariff" enterprises, so the National Union aquaculture shrimp export has a certain bargaining power As the global economic recovery, as well as Thailand, Indonesia, two major shrimp production in the domestic volume, October 2009 shrimp prices into the rising channel. Combined with the April 2010 Gulf oil spill, the Gulf of Mexico shrimp production will be significantly reduced, so the 2010 international shrimp prices will maintain a certain level of increase, which will be conducive to increase the company's export sales revenue and profits.　　In addition, the aquaculture industry in July 2009, the first mainland Zhang Yi is the only one to provide live shrimp "pass", and fresh shrimp export Hong Kong business has tremendous growth potential. The National Union aquatic product said, will borrow this year IPO the opportunity, increases the company aquatic product domestic sales proportion. With the development of national economy and the continuous improvement of people's living standard, as well as the nutritional value of aquatic products have been paid more and more attention, aquatic product consumption growth rate significantly faster than economic growth.　　Statistics show that 2000 years later, domestic shrimp consumption increased rapidly, the average annual growth rate reached more than 20%, become the global shrimp consumption emerging markets; in 2009, China's domestic shrimp sales of 1.115 million tons, compared to 2008 growth of 18.2%. One of the projects of the National Union Aquatic product is "construction of tilapia processing plants", tilapia is a worldwide cultured fish, and tilapia is the third in the global freshwater fish trade. As tilapia and shrimp business model, market customers have a high degree of coincidence, the National Union aquatic products will be replicated through the mature quality management system, as well as "leading Enterprises + base + standardization" of the Industrial management model, increase the proportion of tilapia sales. It is understood that the company's tilapia seedlings, feed, aquaculture industry chain construction has been basically completed, with the implementation of the project, tilapia will become a new growth point of profit.