The research results of the gong of the old well are expected to accelerate

"There are seventy or eighty organizations that have been to this time, and have not seen such a spectacular army of research for a long time."　　"one agency said. January 14, 2011, the Ancient Well gong (000596, closing price of 79.71 yuan) in 2011, the first provisional shareholder meeting, held in Bozhou, Anhui Province, according to a staff member of the "Daily economic news," the reporter revealed that the day is a gathering of institutions, brokers, funds and other nearly hundreds of institutions rushed to participate,　　The aim is to understand the future of this high-growth company.　　This is also the main senior and mid-level cadres of gong, a large-scale communication with the capital market for the first time. As the most recent two-year a-share market, one of the largest cattle stocks, many institutions are looking at "cattle" sigh.　　Ancient well gong is unwilling to communicate too much with the capital market, which makes it impossible for many organizations to understand the legendary "Tenbagger" (10 times times) and miss the best time to invest in "Tenbagger".　　It is reported that the company has promised in the future, and the capital market will maintain close exchanges, which has been welcomed by the participating organizations.　　Year raw pulp popular as one of the old eight famous wines, after the introduction of the original slurry, by virtue of the company's rich historical and cultural connotations, ancient well gong embarked on a revival of the road.　　Donghanjian years, the Bozhou of the home of the "nine Christie Spring" to dedicate to the Emperor Liu Hui, ancient well gong also named. A person who has studied ancient well Gong brewing, the company used new technology to the above nine Christie used to transform the old to the current process of brewing. The company currently has a long history of two wells are Song and brewery, the current brewery is still in use.　　In addition, the company also has more than 600 years of history of the Ming Dynasty ancient cellar pool.　　Old Well gong The vintage, its product demand embodies the product's historical thickness and quality assurance and cultural taste, more able to highlight the quality of products, wine quality will be to a large extent determine the ultimate success or failure, making the year of the original slurry series in the competition to stand out. The company's net profit of 2010 was about $280 million, with earnings per share of about 1.19 yuan, and net profit and earnings per share doubling from 2009. According to the introduction of the participants, mainly benefited from the company's income growth, liquor sales structure improved, comprehensive gross profit margin rise.　　One of the company's strategic leading products gong year raw pulp series sales revenue of about 740 million yuan, the growth rate of about 208%.　　Ancient well gong in 2008 to launch the ancient well tribute original pulp wine series, two years of sales revenue close to 1 billion yuan, the data has fully explained the year of the original paste popular degree.　　3 years to earn 5 billion yuan?　　Ancient Well gong is one of the old eight famous wines, in the 90 's, the company's income has reached the industry's third level, but starting from 2000, due to the company's management issues, product sales and company performance into the trough period, the product has gradually faded out of the mainstream consumer's sight. 2008 the company replaced the management, and set up a liquor development as the center, to reshape the ancient well tribute brand management policy andTarget。　　Through the chairman Cao led the tireless efforts of management, the company launched in 2008 ancient well tribute original liquor series, and a great success, and then gradually recognized by investors. However, the company's management has also been volatile. In 2010, chairman Cao and "Northwest less handsome" Liu successively leave, Cao's successor is Mr. Lin, the Group and current Chairman of the company, although Liu's successor has not yet been announced, but the company says it will establish a new general manager as soon as possible, and that the most vocal is marketing Mister Liang Jinhui,　　The agency also agrees with him.　　In addition, the ancient well gong set out the next 3 years of sales targets, this is to return to the first camp liquor, to rebuild an ancient well, sales revenue reached 5 billion yuan, equivalent to the current sales of more than twice times.　　So what does it mean to sell 5 billion dollars? 2009, Guizhou Maotai, Wuliangye and Yanghe shares to achieve 9.67 billion yuan, 11.129 billion yuan, 4.002 billion yuan sales revenue, corresponding to the end of 2009, respectively, the market value of 160.28 billion yuan,　　120.18 billion yuan and 51.296 billion yuan, while the old well gong current market value of less than 20 billion yuan, if 3 years to achieve 5 billion yuan sales revenue, its market value should be more than twice times the increase. Guo Jin Securities analyst Chen that the ancient well gong in brand power, product structure and marketing team, and so on many aspects have achieved the conditions of 5 billion goals. From the hard strength, the conditions have been more mature, but in the interpretation of soft power is still missing the point of the pen. At present, the concept of original pulp, year, elegant and so on has been flooded. Ancient well gong despite the creation of these concepts, but the innovation is still at the product level, the brand spirit level of interpretation is still scarce, if the company wants to truly go to the country, brand interpretation of innovation will be more critical than product innovation.　　The company still lacks is Lang wine "in good spirits china Lang" Such genius, the company is expected to launch a new brand in 2011, the finishing touch of the pen is worth looking forward to. Performance release Power fully since the meeting of shareholders, has been sywg, National Gold, Citic, Everbright, Anxin, Huatai, the Yangtze River and Guotai and other 8 brokerages issued a research report on the ancient well gong recommended. The earnings forecasts for the company in 2011 and 2012 were generally raised from the earnings projections of the major sellers ' analysts.　　Among them, only SYWG, Huatai and CITIC 3 earnings forecasts are more conservative, the 2011 earnings per share forecast under 2 yuan, the other 5 brokerages are generally expected to be more than 2.3 yuan. This suggests that most institutions expect the 2011-year earnings of gong to grow more than 1 time times.　　In addition, the 5 institutions were optimistic about earnings growth in 2012, with earnings per share expected to be more than 3.3 yuan, or 50% higher on the basis of 2011. 2009, the ancient well gong began to embark on the road of Revival, the company's net profit growth of 318.32%, the growth rate in the liquor listed companies first; 2010, the company continued to maintain high growth, expected net profitRun growth will reach 100%.　　If the next two years continue to maintain rapid growth, then the ancient well gong is called the growth of liquor company King.　　But can such high growth be achieved?　　According to one of the participants, the first quarter of this year, the company's sales are very hot, before the spring Festival sales exceeded expectations, has been completed in advance of the first quarter of sales.　　In his view, the company also has a strong expectation of releasing performance, the company is doing refinancing, and the newly elected (Chairman and general manager) will have to do the performance, so the next few years, the continued high growth of performance is worth looking forward to.　　Of course, gong is the most important thing at the moment, or refinancing.　　January 14, the provisional shareholder meeting, has passed the company's Non-public offering plans to not less than 66.86 yuan/share issued not more than 20 million shares, the project plan to use the fund-raising 1.266 billion yuan.　　Once the fundraising is successful, it is expected to add a new pair of wings to the revival of the old Well gong. Yanghe shares in the late 2009 through the IPO to raise 2.7 billion yuan capital, and thus opened the company's high growth of the prologue, the market value also once more than 120 billion yuan,　　and ancient well gong current market capitalisation is only 16.55 billion yuan, far less than Yanghe shares 97.115 billion yuan market value, nearly 1.3 billion yuan capital will bring what to ancient well gong, already is self-evident.　　Extended reading analyst: Old well gong b more investment value in less than two years time, once up 10 times times, the ancient well gong still have how much space?　　New wealth food and beverage industry Gold analyst Child training on the view that the short-term a-share advantage is not obvious, taking into account the additional price of 66.86 yuan/share, still maintain "overweight" rating, but more recommended investors actively allocate B. The Friday (January 21), the ancient Well Gong B (200596, close to HK $51.22) again to record new highs, but given the exchange rate factor, the corresponding renminbi price of about 43.32 yuan.　　Almost half the price of a A-share.　　A private-equity source said that if it were value investors, they should be more concerned about B-shares, the price of B shares is only half of a shares in the future, there is also the expectation of AB merger, in the long run, although the Hong Kong dollar devaluation, but the yield should be higher to buy B. This can also be verified from the data, the old Well gong in 2009-year increase of 310.51%, 2010 up 135.95%, ancient well gong B in 2009 and 2010 respectively Rose 461.22% and 148.88%, considering the exchange rate factors, B-shares are still running to win a shares.