Vosges shares: The actual control person increases the shareholding

Events: On December 22, 2010, the company received the notice of the company's controlling shareholder, Shandong Vosges Holding Co., Ltd., Vosges Holdings on December 22, 2010 through the Shenzhen Stock Exchange securities trading system to focus on the price of the company's 669,900 shares, accounting for the total shares of 0.07%. After the above increase, as of December 22, 2010, Vosges holding company 192,336,069 shares, accounting for the total shares of the company 20.49%.　　After the above increase, Mr. Sun Zhiqui himself and by controlling Vosges Holdings total control 31.06% of the total shares of the company. Pure Light Analysis: 1, the company is mainly home textiles run pesticide chemicals, thermoelectric and other diversified industries of large enterprise groups, is China's largest, export the largest number of professional engaged in high-grade towel products, bedding, decorative cloth products production and sales of modern home textile manufacturers.　　The company's main products are mainly sold abroad, of which towel exports about 80%, decorative cloth exports about 60-70%. As a leading enterprise in home textile industry, through with the large supermarket chain Wal-Mart to promote the rapid growth of towel product sales, coupled with commodity prices, the first three quarters of this year, the company completed sales revenue of 3.1 billion yuan, an increase of 33%, operating profit of 170 million yuan, net profit of 140 million yuan, year-on-year growth of 58% and 41 %, achieve 0.14 yuan per share income.　　The company estimates that the net profit attributable to shareholders of listed companies in 2010 is 30%~50% than that of the same period a year earlier. 2, the company actively enter the photovoltaic industry, by the National New energy policy, favorable support, 2011 will become the company's new profit growth point. ZF PV 50MW crystalline silicon module production line production, the first three quarters of this year to achieve net profit of 20.66 million Yuan, confirmed the company to obtain investment income of 10.53 million yuan, contribution EPS0.01 yuan.　　In addition, Shandong Vosges Photovoltaic is a wholly-owned subsidiary of the company, the company introduced the first design capacity of 30 MW of CIS (copper indium selenium) Thin film solar cell project production line has begun to carry out a linkage operation test, trial-manufacture of the conversion efficiency of the battery components to achieve in a relatively short period of time can be mass-produced technology. 3, based on the current situation of the capital market and the company's long-term prospects of confidence in the future, Mr. Sun Zhiqui and the concerted action of Vosges holdings in the 12 months from the date of this increase will not exceed 2% of the total shares of the company, intends to share the company's continued growth in shares of revenue,　　and to further enhance the control over the Vosges shares by increasing the shareholding. 4, Simple estimates, the company's 2010-2012 dynamic earnings ratio of about 57 times times, 38 times times and 29 times times, a slightly higher valuation.