Haining's Market Share Is Expected To Exceed 15%.

< p > > a href= "//www.sjfzxm.com/news/index_s.asp" > leather professional market < /a > leader, the market share is expected to exceed 15%.

Up to now, the company has 14 professional leather markets in Haining, Zhejiang, Liaoyang, Henan Xinxiang, Jiangsu Shuyang and Sichuan Chengdu, covering the whole industry chain of raw materials, processing, wholesale and retail, and import and export.

The total floor area of the paction market is 1 million 710 thousand, and the external rental area is 820 thousand.

We expect the company to have a market share of about 15% in 2013.

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The rent increase of the P 5%-10% and the 20%-30% outside the market helped to boost endogenous growth.

The company has 9 trading markets in Haining, with a total construction area of 1 million 150 thousand and a total lease area of 512 thousand. The rent increase in 2013 is about 5%-10%.

The company has 5 trading markets in other provinces and municipalities, with a gross floor area of 560 thousand and a total lease area of 308 thousand. The rent increase in 2013 is about 20%-30%.

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< p > 5 reserve projects will bring about 350 thousand yuan of extension rental area to the company in the next 3 years.

The company has 5 existing reserve projects, namely, the first phase of the Haining oblique bridge processing area (56 thousand for lease area), two (64 thousand), Tong Er Bao three (65 thousand), Harbin phase 1 (86 thousand) and Beijing < a href= "//www.sjfzxm.com/pioneer/" > leather < /a > City (68 thousand), which will be opened in 2013-2015 years, bringing the new lease area to about 350 thousand.

In addition, the company has the six phase of this unit, and Xi'an, Tianjin, Hohhot and Urumqi projects are in the preliminary stage of inspection and negotiation.

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< p > 2013, about 7-7.5 billion shops and residential sales confirmed thickening of the company's performance.

In 2013, the three phase of the company's total sales of about 18 thousand and 500 shops was completed, which brought more than 1-1.5 billion sales revenue; about 14 thousand and 300 shops sold in Chengdu project brought about sales income of 4.5-5.0 billion; the sales of 21 thousand and 300 of the Oriental Art project brought about 2-2.5 billion sales revenue.

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< p > comprehensive consideration, it is estimated that the net profit attributable to the shareholders belonging to the parent a href= "//www.sjfzxm.com/news/index_f.asp" > Haining Leather City < /a > in the past 2013-2015 years is 912 million yuan, 805 million yuan and 1 billion 19 million yuan respectively, representing an increase of 25.38% and -11.71% compared with that of the previous year (the decrease in settlement income of residential and commercial outlets) and 26.62%, respectively, corresponding to 2013-2015, 0.82, 0.72 and 0.91 yuan respectively.

The company's current stock price of 19.67 yuan / share (closing price in July 14, 2013) corresponds to 2013-2015 years' PE of 24X, 27X and 22X respectively, and the valuation is more reasonable, giving the company a "prudent recommendation" rating.

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