The goal is not just the other

Soft sunset, sunset water, sunsets Shizhaishan in the slightest in the infected red light. One by the stone houses are all built on, Fan Ye and Zhang Wuye bluestone sitting, watching the red sun on the horizon, whispered conversation. Fan Ye know, it must be the ancestors of the Wang family name with mine, asked: ... ... is a human race it? In particular, the myths and legends in ancient China, many people like the ancient emperor, if not human family, not to say it. , after a long time asked: Fearless of the future Christian Louboutin Boots, generations, said the source, as they married human wives, children, if born weird, but also seal it, but did not say they came from. do not know how many generations have passed, Wang, with the family surnamed Lei who has long silver turned blood red, gradually with the normal no difference. so many years, only occasionally, there will be one or two particular children, frontal emission, after over a hundred head restrained, natural technique will of God, with singular ability. Fan Ye in the Shizhaishan looked far Erleng child is waving at him, said: Niangshui, today you come to my house for dinner. This is all pretty amazing, mysterious origin, not human family, he suddenly thought of the Pacific Biological, source Fearless really audacious! sigh, the biggest regret is not into the old mine was in the beginning, unfulfilled aspirations can not see the purple mountain's future. Fan Ye heart shock, a long time can not be calm. ... ; But now he did not care so much, he needs the source, you need to become strong, you need to cross the sky power. He came to this world for five years, every thought, feeling pressed for time there. ; the second day, Ye Fan from Shizhaishan, sealed themselves in the ground, he feared a breakthrough movement greatly, hurt Zhaizhong people. The goal is not just the other side of his large successful, reborn, more like a thorough break humanely house kept secret. He has been in the study and understanding of the Jade Pool Heart, though, and differences in the sources record only a few hieroglyphics on the page, but gave his endless inspiration. , dust blocks out the sun, smoke into the sky. this region, this is a barren, a reddish-brown, sand everywhere, Christian Louboutin Boots, life is not significant, only occasionally difficult to see the twelve weed the stand. However, now a vibrant, green, grow from the earth and rock in, one by one, bud, if they wish to fire and spread out. Ye Fan successful round of sea big, body regeneration, the other side of Kokonoe change, life can be overflowing, so that all new lease on life subtilis, after twice taking the holy fruit,

It will he wrapped him like

once a refining body after the Great Holy Blood, his fourth reborn. ;Christian Louboutin Boots, hands lift foot, Chang Pai are god, he made a sudden opened his eyes and look to the sky, overlooking the earth, lost in a long time, quietly savor this new transformation. Then, there is no too much delay, he fly away, and find a place, not into the big re-ground, ready to break humanely house kept secret. Ancient Insect, care in the palm, refined gas overflowing, will be He packages close together. round the sea below the belly button, to have palm, Road House is on it, Fan Ye Yao Chi Classics and ponder the fragments, Ming Wu and understood, and its corresponding five internal organs, the thoracic rib packages close together. Road palace only five deity, and they have great relevance, can be derived channel power, born of the machine, an exercise in raising life of the land. ; heart, liver, spleen, lung, kidney organ together, the five internal organs, also known as Five God, Mao essence without diarrhea, Yun-life and immortality, the body is extremely powerful one kept secret. ; one can repose the dead, five of God often, Yongchun forever, through five gas, and even heaven and earth, rain, endless, eternal world can be. Road house, not from the view of the Fam , if you want immortality, to the hard work of Uncharted from, if you want a higher level, understanding the mystical, the evolution of the five elements also need. Fan Ye Old Insect completely in the hands of refining, and misty fog, terrorist God can, will he wrapped him like a copper stove collected inside. Yes, at this moment, he forged strong world refined gas stove, his as a panacea, I have mixed melting. but not eliminate the other side of the clouds and cloud, Shrine surface, Fan Ye clearly seen in the sea round the door Que alone is one day, as long as rushed to go, into another One Fam. the foot of the palace before he sent to the days, separated by far, been able to see, which is a new world. at the foot of sea life, cloud-day tie down open the door since the dream, distant sight. Ye brother big forward, getting closer, he had accumulated enough, once they break humanely house, not to spend a dream visions. ; day within the palace gates, the gods came seedlings breath, he felt the road edge, directly near to. with only a step, he can enter the door, and Fan Ye stop, look back looked down and One Fam, or some years, rise and fall, Huaguang cleared, he shoved the turn back, step by step out. the next moment broad and wide, he stroll into a new world, vitality,Christian Louboutin Boots, Yun full space. At the same time, Fan Ye's body worm, muttering, five gas air, five smoke like a dragon god, red Xiao and on. juvenile emotional,

Exactly how he should look at around bin laden's death

Bin laden's death, China's reaction fetching attention. The western media think, Chinese officials and cautious, and phrasing low-key speculation the motivations behind China. Exactly how he should look at around bin laden's death China's official correlation response, look at phoenix observation.
This can be described as a world leading powersTory burch outlet in his close relationship, one of the neighbors in the territory, after number one terrorist actions. But media note that the Chinese authorities first reaction. French media said, and China's foreign ministry stalling over ten hours, to make brief written response, the low-key and careful wording is impressive.
China's foreign ministry spokesman event statement, although said event is the international fight against terrorism important events and positive progress, but the whole response even the two main parties "events in United States and bin laden" are not mentioned. If not unintentional oversight, China's the reaction can only be understood as China does not let too much involved in the United States and al-qaida, or between among the enemy would not be regarded China attempts to gain extra bouts of both strategic interests.
Two other regional powers like Russia and India's reaction, compared to more high-profile. Russia's foreign ministry statement says, Obama announced killed bin laden in premise before told Russian news, Moscow valued very much Tory Burch Flats, the move; India has some jokes to molest, and took the opportunity to see Pakistan to Pakistan using terrorism issue pressure and knock.
In the analysis, says the United States was not previously reported kill bin laden action for palestinians, showing the American distrust of Pakistan is revealed undoubted. But China for Pakistan attitude, showed a firm support.
The regular news conference on Tuesday, Chinese foreign ministry spokesman dismissed the claim about Pakistan on terrorism, and stressed the Palestinian based on its own national conditions specified and implement the importance of anti-terrorist tactics.
Bin laden is already past, but al qaeda threat still exists.Tory Burch Sandals Sale, In the White House are downplaying follow-up matters, avoid osama bin laden's death was caused by the islamic world to revenge or antipathy, China's low-key seems logical or said prescient, western media most rampant speculation the credibility of only part; By contrast, the United States ba relation possible existence of variable, but China needs more urgent and reality facing the challenge.

On May 4, 2008, the main Palestinian factions in Cairo,

Q: according to reports, the United Nations least-developed country conference will be held in Istanbul in recently. Does China will send officials to attend? Please introduce the relevant situation.
Answer: the fourth session of the UN least-developed country's general meeting will be held on May 9 to 13, held in Istanbul, Turkey, theme is "cooperation cut poverty".
The United Nations least-developed country assembly shall be convened every 10 years, the purpose is coordinated to prepare international social support least-developed country development planning, priorities and specific goals. The conference will through the achievements of the Istanbul action plan of documents for the least developed countries, developing clear next decade of action plan, was to mobilize the international community will and resources, help the least-developed countries reach critical meeting.
China has always attached great importance to the development of the least developed countries, always in the scope of what actively help them realize their development. China to be fully involved in the process, and the preparation of the sessions of congress trust fund to provide $30 million donation specifically to support least-developed country representatives attend the meetings.
We hope that congress summing up the experience, action-oriented, and fully reflect the least-developed country needs and concerns. We also call developed countries commitment, it will be as soon as possible to 0.2% of gross national 0.15 for least developed countries of official development assistance. Chinese vice minister of commerce since fu should be rate regiment to the meeting. We wish with parties cooperate closely, pushing congress to succeed.

Q: does China agree with the "Karl Vincent, recent visit Hong Kong carrier?
Answer: we have received the application, is according to relevant procedures. Application for foreign warships to visit Hong Kong, we always according to sovereignty principles and specific situation ZhuAn for examination and approval.
Q: on May 4, 2008, the main Palestinian factions in Cairo, signed at a ceremony celebrating inside the settlement agreement. Chinese comment?
A: China on Palestinian factions within the settlement agreement reached welcome and congratulations, praises Egypt and other relevant parties pay efforts. Hope this helps improve internal unity and cooperation, and to promote the Middle East peace process forward.
Q: will this month late g8 summit in France, does China was invited to attend?
Answer: the g8 are developed countries cooperation mechanism, China is not the g8 members. G20 both developed country members, and includes developing country member, representative more balanced. G20 members of equal consultation, mutual decision, embodies the spirit of democracy in international relations. We hope that the g20 mechanism, perfecting in global economic governance in play an increasingly important role.
China and the g8 countries are g20 members, we can in the g20 framework to conduct dialogue and cooperation and jointly promote the world economy strong, sustainable and balanced growth.
Q: the us recently killed in Pakistan to bin laden, the Chinese territory of beauty unauthorized military action in other countries hold any position?
Answer: we have described the action position. The Chinese think, terrorism is the international social public enemy, the international community should enhance cooperation and work together to deal with the threat of terrorism. Meanwhile, we advocate, national independence, sovereignty and territorial integrity should be respected. To effectively Tory burch outlet solve the terrorism problem, must pass comprehensive harness specimen way, trying to eradicate the roots harbor terrorism.
Q: can you introduce the upcoming the third china-us strategic and economic dialogue details? The two sides will in economic and trade, human rights field? What opinion exchange
Answer: tomorrow morning we will hold briefing the dialogue dedicated to the relevant facts. China has repeatedly elaborate in china-us economic and trade cooperation problems. Keep a healthy and stable trade relations serves the common interests of the two countries, I hope all fully recognize the beauty of the importance of china-us economic and trade cooperation with the essence of mutual benefit. The bilateral economic and trade relations in the problem is in fast development of the friction, also appears normal. We wish to, Tory Burch Flats, with a constructive through equal consultations with the United States seek appropriate way to solve these problems.
Since the establishment of diplomatic relations, the bilateral trade 150 times already growth, reach 3853 billion dollars. Both sides each other's second largest trade partner, China has nine consecutive years became the fastest growing export market. These data shows china-us economic and trade relations are mutually beneficial win-win.
As for both sides in the fields of the dialogue on human rights, not long ago, China and the United States to exchange information held dialogues on human rights. Both sides in the human rights field introduced their new progress achieved, the United Nations human rights field cooperation, rule of law, labor rights, freedom of speech problems extensive and in-depth exchange of views. We think, only practical in line with the principle of equality and mutual respect, human rights dialogue to achieve positive results.
Q: please introduce Chinese on counterterrorism policy. Osama bin laden was killed would affect China's anti-terrorism policy?
A: China is also terrorism victims. Some terrorist forces in orderTory Burch Sandals Sale, to achieve the purpose of splitting China and outside China manufacturing a lot of terrorist activities and a threat to the state security of China and regional peace and stability. Hit the "east turkistan" terrorist forces is the international fight against terrorism important component. International cooperation against terrorism is making headway, but international anti-terrorism situation is still serious complex. The international community should further strengthen cooperation, prevent and combat terrorism.

This conference will be for the middle of June

Jiang yu first release news:

Should the eu foreign and security policy senior representative and the eu commission vice chairman Catherine ashton and Hungary republic government invited, DaiBingGuo state councilor would be held on May 12 to 15 to Hungary to attend a second round central high-level strategic dialogue and visit Hungary.

Should the republic of kazakhstan's foreign minister card invitation, Tory Burch Flats, Yang jiechi jiaoji han panov minister on May 14, will be held in alma-ata attendance of the Shanghai cooperation organization member foreign minister council routine meeting. This conference will be for the middle of June to prepare the sco summit, and deepen the sco pragmatic cooperation in every field, and major international and regional issues exchange opinions.

Foreign minister Yang jiechi, Afghanistan should be invited foreign islamic republic's Wallace · pulling mosul plunge on May 9-12, an official visit to China.

Q: China how to evaluate current sino-eu relations? For the second round central high level strategic dialogue have any expectations held?

Answer: at present, the development of china-eu relations keep good momentum. Both political communication close economic and trade cooperation and productive, cultural exchanges vigorously. The current international situation facing deep complex adjustment, the world economic recovery is not stable, central Europe is in their respective key phase of development, both promote each other relations will strongly.

China has always pay attention to the development of the relationship with the eu, as an important partner in Europe. We support the eu integration, and welcome the eu in international affairs play a more active role. China's goal is equal partnership between with European development, mutual respect, and equality and mutual benefit in theTory burch outlet basis of cooperation to develop all-around.

Economically, central Europe, and mutually beneficial partnership is complementary. Both sides should catch China "1025" planning and "Europe 2020 strategy" to bring new opportunities, the expansion of fields of cooperation, enhance cooperation level.

Politically, both sides should strengthen dialogue, central European continuously promote mutual understanding, promote understanding and trust. Importantly, accept each other political reality and road to development, and on this basis for ascension strategic cooperation level.

The second round central high level strategic dialogue, the parties will during around international situation and new development, China's development path and sino-eu relations and exchange views with issues such as beneficial to both sides, I believe it further enhance mutual understanding and trust.

In addition, the chairman of the council of Europe FanLongPei will Tory Burch Sandals Sale, also visit to China. China is willing to work with joint efforts, do these activities, promote the continuous development of china-eu relationship forward.

the transformation of network centric warfare

The PLA newspaper published the article says, since the 1970s,tory burch online the U.S. has experienced a series of transformation construction process, including four relatively prominent phased move: after the Vietnam war military Renaissance, the construction of 1991, "the transformation of network centric warfare" awake, "empty the theory of war" on a.

The Vietnam war military aroundthe, but also welcomed "ashes", Christian Louboutin Evening Sale, opportunities

The 1970s, American troops in Vietnam tumbled, begin a faster transition construction and military revival. A short 10 years, they carried out BingYiZhi transition to the volunteer including military technology and equipment, innovation, training reform and strengthen military theory research and so on a series of measures, in the shortest possible time to complete combat theory, doctrine, training, equipment and other aspects of the transformation construction.

From the construction of the postwar reform, we can get the enlightenment from three aspects: one is to should further strengthen the construction of military reform, seize the rare historical sense of urgency, working to resolve the influence opportunity period combat generated deep contradictions and problems, and grasp the future development of the initiative; army 2 it is should further unified accelerate the reform of the ideological understanding, the construction pace in ideology and style of work, ensure our transformation construction has made significant achievements; Three is according to the U.S., including western developed countries army, find themselves existing in the construction of short board and weaknesses, positive enterprising, active as, ensure can effective to perform historic mission.

After the end of the cold war, American troops based on threat Tory Burch Sandals, "from" into "the construction based on ability" construction

Until 1991, whether the period between the two world wars, or the cold war, U.S. construction goal is always "based on threat" or "based on events". After the end of the cold war, the U.S. as the world's most powerful military force. Because of "based on ability" building a more emphasize autonomy, the more notice flexibility, logical to become U.S. new strategic choice, is based on latest technology and certain ways adopted, push... > > (source: full XiLiu military)

safe in bin laden found large quantities of weapons

Arriving on May 5, Beijing (reporter LiYang) al-qaida leader osama bin laden has been killed by American forces, though concerned affirm, and smote laden action process yet remain "mystifying since this American official," the left branch unusualness, difficult mask right embarrassment.
In the process of strike action of osama bin laden, U.S. authorities in constantly modify these days, make the press dizzy, and even the White House spokesman karni admits "himself once were confused". For factual error has been revealed that only continued to use new saying karni corrective.
The biggest focus attention from all circles is laden YiZhao. But U.S. officials decided to bring its "frozen", and can't learn struck outside the most mysterious osama bin laden action part. U.S. President barack Obama 4 Muslim world as "not aroused anti-american sentiment" for, decided not to publish laden body photos.
Bin laden may clarify YiZhao published many key problems, such as osama bin laden, and where exactly was shot on whether bin laden carry weapons, especially can confirm that bin laden was dead. Without this photo, America is still some pale of interpretation, unappeasable rumors.
However, a Pakistani officials 4 will U.S. troops killed after bin laden palestinians personnel photographs sold to Reuters. 3 photo respectively show three men in bin laden's final hideout, fall in blood, the scene was very scary, but no weapons around them. The recognition, the three were also not bin laden figure. People with these pictures now only seems to like. The last imagine bin laden
Several U.S. senators 4 have also said they saw YiZhao osama bin laden. But widespread think they see is that zhang from Pakistan's media images. The synthesis fraud The senate armed services committee spokesman also told AFP deny senators from the official won related photos.
The strike action is still controversial detonated biggest whether osama bin laden was shot to hold weapons. American home and abroad have some question, if osama bin laden at the last moment really unarmed, that he should be to arrest and accept legal judgment. Charles carney has already corrected said, osama bin laden was killed when without the weapons.
Many U.S. officials 4, the behavior of osama bin laden forTory Burch Flats, defending shot says the us commandos killed bin laden "is to prevent his attempt to picked up the side of the weapons resistance". These officials also say, safe in bin laden found large quantities of weapons "".
12 year old daughter as osama bin laden spot eyewitness to Pakistani officials revealed, another strike action versions. She claims to be U.S. commandos to capture osama bin laden, and then will he gunned down in their family's in front. Her testimony caused more waves.
The White House homeland security and counter-terrorism adviser Brennan said bin laden's a wife is used as "human shields" and by the us troops killed by the speech, also karni correction. Karni said she was "voluntary" rushed to a bullet for bin laden before U.S. troops end, she was shot in the leg but did not die.
As for strike action in addition to the identity of the dead outside other osama bin laden, U.S. officials are equivocate, Pakistani officials have made no comment. In the United States for the first time issued press releases official, said the dead are also likely to include bin laden's son. But then this news was no sign, the United States ba both countries don't willing toChristian Louboutin Boots Sale, make further proved.
Facing more and more speculation, question, and debate, the White House and the pentagon 4 are announced. "out of the action intelligence and technical protection", the future will no longer revealed that struck laden action in more detail. Facing the media continue to cross-examine, karni everyone please go to the pentagon to verify; But the pentagon is with silence response.
In the threat of terrorist organization concerned such concerns, especially the United States to stepping up to consider will smite bin laden "to bury more details of action." But with the passage of time, the truth will little be restoredTory Burch Sandals Sale, . finish

the reason is because more less complete

Event description and comment on: gemale group issued 2011 quarter report, quarter to achieve the company operating income 21.44 billion yuan, 70.31% year-on-year drop; Realize profits 2.4 billion yuan, 86.21% year-on-year drop; Realize 1.62 billion yuan net belongs parent company, 86.08% year-on-year drop, earnings per share 0.04 yuan.
The current expenses rise faster, financial relatively steady current performance the year-on-year decline in the first quarter, and the reason is because more less complete consign, 2011 completion time for the more projects in the fourth quarter of this year. It is expected that the company will still be lower than the medium-term performance level compared to the same period last year. Gross margin, company's current period in approximately 36%, gross settlement with the same period last year, the basic equal Tory Burch Handbags in annual settlement is expected gross margin by around 40%. In cost, relative to current contract for the current period, the company sales management fee and cost of sales rise faster. In comparison with China vanke and poly we can clearly see, gemale in sales and management or has the disparity, also in another side proof high-end projects relative sales difficulty ascension. The company in the first quarter to land market, not with a final financial relatively stable. Mobile money as much as 14 billion, with a maturity short-term borrowing for 92 billion total debt, the company financial pressure is relatively minor.
The company quarter sales in the first quarter, receive zhang quadrature cumulative increase 26.8 million square meters, signing area, the cumulative 44.6 percent year-on-year growth in 37.2 billion yuan, sum signed earliest year-on-year. The comparison of the leading enterprises, the company quarter sales calculate can say, the main reason is the quadrature in quarter, making relatively few push shipments first quarter sales account for only the target tenth. On the other hand is the company sales average sales price is high, pressure does exist. In the final for 223 million receive zhang, this is divided into companies in order to lock EPS about 0.84 yuan.
The company commercially available resources are rich, within the tory burch online existing advanced project commercially available in 2011 pressure area approximately 500 square meters, can sell for the amount of 600 million, the company years 400 million sales targets without change. The 2011 is the year towards gemale, it is expected that the company high-end 11 years days character in the series and other high-end products to more than 10%. We believe that the current market conditions, these high-end projects sales is there is greater pressure. In the second city, 11 years expected in shenyang, xian, wuhan, tianjin etc will increase sales share. Expanding in land in southwest expected this year, with Yangtze river delta second-tier cities will continue to expand.
Profit forecast and valuations: company for 11 years commercially available more, but because supply under current market adjustment, currently has gradually entered the opening phase of high-end projects achieving sales is our focus of concern. At the same time the company is also four enterprise, elastic higher enterprise, it is expected that the company 11 to 12 Tory Burch Sandals years EPS respectively, maintain "0.81, 1.04 recommend" rating. (Yangtze river securities)

with a maturity short-term borrowing for 92 billion total debt

Event description and comment on: gemale group issued 2011 quarter report, quarter to achieve the company operating income 21.44 billion yuan, 70.31% year-on-year drop; Realize profits 2.4 billion yuan, 86.21% year-on-year drop; Realize 1.62 billion yuan net belongs parent company, 86.08% year-on-year drop, earnings per share 0.04 yuan.
The current expenses rise faster, financial relatively steady current performance the year-on-year decline in the first quarter, and the reason is because more less complete consign, 2011 completion time for the more projects in the fourth quarter of this year. It is expected that the company will still be lower than the medium-term performance level compared to the same period last year. Gross margin, company's current period in approximately 36%, gross settlement with the same period last year, the basic equal Tory Burch Handbags in annual settlement is expected gross margin by around 40%. In cost, relative to current contract for the current period, the company sales management fee and cost of sales rise faster. In comparison with China vanke and poly we can clearly see, gemale in sales and management or has the disparity, also in another side proof high-end projects relative sales difficulty ascension. The company in the first quarter to land market, not with a final financial relatively stable. Mobile money as much as 14 billion, with a maturity short-term borrowing for 92 billion total debt, the company financial pressure is relatively minor.
The company quarter sales in the first quarter, receive zhang quadrature cumulative increase 26.8 million square meters, signing area, the cumulative 44.6 percent year-on-year growth in 37.2 billion yuan, sum signed earliest year-on-year. The comparison of the leading enterprises, the company quarter sales calculate can say, the main reason is the quadrature in quarter, making relatively few push shipments first quarter sales account for only the target tenth. On the other hand is the company sales average sales price is high, pressure does exist. In the final for 223 million receive zhang, this is divided into companies in order to lock EPS about 0.84 yuan.
The company commercially available resources are rich, within the tory burch online existing advanced project commercially available in 2011 pressure area approximately 500 square meters, can sell for the amount of 600 million, the company years 400 million sales targets without change. The 2011 is the year towards gemale, it is expected that the company high-end 11 years days character in the series and other high-end products to more than 10%. We believe that the current market conditions, these high-end projects sales is there is greater pressure. In the second city, 11 years expected in shenyang, xian, wuhan, tianjin etc will increase sales share. Expanding in land in southwest expected this year, with Yangtze river delta second-tier cities will continue to expand.
Profit forecast and valuations: company for 11 years commercially available more, but because supply under current market adjustment, currently has gradually entered the opening phase of high-end projects achieving sales is our focus of concern. At the same time the company is also four enterprise, elastic higher enterprise, it is expected that the company 11 to 12 Tory Burch Sandals years EPS respectively, maintain "0.81, 1.04 recommend" rating. (Yangtze river securities)

86.08% year-on-year drop

Event description and comment on: gemale group issued 2011 quarter report, quarter to achieve the company operating income 21.44 billion yuan, 70.31% year-on-year drop; Realize profits 2.4 billion yuan, 86.21% year-on-year drop; Realize 1.62 billion yuan net belongs parent company, 86.08% year-on-year drop, earnings per share 0.04 yuan.
The current expenses rise faster, financial relatively steady current performance the year-on-year decline in the first quarter, and the reason is because more less complete consign, 2011 completion time for the more projects in the fourth quarter of this year. It is expected that the company will still be lower than the medium-term performance level compared to the same period last year. Gross margin, company's current period in approximately 36%, gross settlement with the same period last year, the basic equal Tory Burch Handbags in annual settlement is expected gross margin by around 40%. In cost, relative to current contract for the current period, the company sales management fee and cost of sales rise faster. In comparison with China vanke and poly we can clearly see, gemale in sales and management or has the disparity, also in another side proof high-end projects relative sales difficulty ascension. The company in the first quarter to land market, not with a final financial relatively stable. Mobile money as much as 14 billion, with a maturity short-term borrowing for 92 billion total debt, the company financial pressure is relatively minor.
The company quarter sales in the first quarter, receive zhang quadrature cumulative increase 26.8 million square meters, signing area, the cumulative 44.6 percent year-on-year growth in 37.2 billion yuan, sum signed earliest year-on-year. The comparison of the leading enterprises, the company quarter sales calculate can say, the main reason is the quadrature in quarter, making relatively few push shipments first quarter sales account for only the target tenth. On the other hand is the company sales average sales price is high, pressure does exist. In the final for 223 million receive zhang, this is divided into companies in order to lock EPS about 0.84 yuan.
The company commercially available resources are rich, within the tory burch online existing advanced project commercially available in 2011 pressure area approximately 500 square meters, can sell for the amount of 600 million, the company years 400 million sales targets without change. The 2011 is the year towards gemale, it is expected that the company high-end 11 years days character in the series and other high-end products to more than 10%. We believe that the current market conditions, these high-end projects sales is there is greater pressure. In the second city, 11 years expected in shenyang, xian, wuhan, tianjin etc will increase sales share. Expanding in land in southwest expected this year, with Yangtze river delta second-tier cities will continue to expand.
Profit forecast and valuations: company for 11 years commercially available more, but because supply under current market adjustment, currently has gradually entered the opening phase of high-end projects achieving sales is our focus of concern. At the same time the company is also four enterprise, elastic higher enterprise, it is expected that the company 11 to 12 Tory Burch Sandals years EPS respectively, maintain "0.81, 1.04 recommend" rating. (Yangtze river securities)

at the same time to send every 10 shares

Macao the 2010 annual report released shun cheong. 2010 company business income rose by 62.2% to 12.2 billion yuan, belonging to the net profit of shareholders of a listed company 120.6% year-on-year to Tory Burch Handbags 820 million yuan, basic earnings per share, and previous $0.45 consistent performance forecast. It advised every 10 strands of pie now.50 yuan, with undistributed profit per 100,000 strands of three, at the same time to send every 10 shares increased capital accumulation fund 7 shares.

The company also announced a quarterly in 2011. Current operating income year-on-year growth to 3.6 billion yuan, 37.1% belong the net profit of shareholders of a listed company 2819 yuan to 30.3% year-on-year,tory burch online basic earnings per share 0.15 yuan, basic accord with our expectations.

Aluminum alloy distribution demand, the company so plan expansion. Because downstream demand more prosperous, company 2010 alloy plates distribution quantity achieved 1.7 million tons, slightly higher than we expected 16,000 tons per year. Strong demand this year still linger, so the company plans in the original planning 2.8 million tons of aluminum alloy plate can output the basis of 1.7 million tons, further expansion. The new expansion plan could totally realize in 2012 (FIG. 1).

Microfinance lucrative. 2010, microcredit business to less than 5% of revenue accounts for 30%, contributed than profit margin, an extremely rich. Due to the April 2011 tseung influential shun cheong microfinance company Tory Burch Sandals 10% equity, the business will further enhance the profit contribution.

The project is formally LED chips set sail. 8 April 2011, optoelectronic company registration, marks the completed project is formally LED chips set sail. It will be the future and metal tied for the main distribution.

Raised 2012 earnings forecasts. We expect the 2011 financial cost increased, and acquisition of dongguan SK earnings thickening, thus maintain basic offset the 2011 EPS prediction 0.62 yuan unchanged; We safe to assume that the company 2012 1.7 million tons of aluminum alloy plate yield only realize the plan by 2013 7000 tons, only more fully USES new capacity, accordingly the 2012 EPS from 0.78 yuan rise to $efficiently, and forecast EPS of $95m in 2013. Our profit forecast't include vc project, EMC project, LED projects could profit.

Suggest buying. Through acquisitions and modification plan over the next two years, the company the main growth add motive; LED project makes the company may share LED lighting industry's long-term dividends. We maintain "buy" rating.

increased 29.33% 507 tons

29.33% year-on-year growth in sales. 1 quarter cement clinker total sales reached the last year, the year-on-year 1352 tons, increased 29.33% 507 tons. Worth mentioning is that companies to ensure that hubei market price, to the company in quarter of the main production of hubei area on the effects of restricting output, effects of restricting output amplitude in 20 tons, Tory Burch Handbags with the last quarter of changyang county and xiangfan takeover of the production line in hubei after sales for 330 million tons, and last year flat. New increment mainly from yunnan, hunan, sichuan, Tibet capacity in this year's full play.
Prices are rising over the cost, but price rise is bigger, c.m ascending 15 percent. 1 quarter company product prices and unit costs are rising over. Prices are the main reasons why the energy saving and emission reduction is known after last year between enterprises in the quarter, collaborative strengthen common shut-down overhaul, to ensure the implementation of high level, the company product in comprehensive price keep tax 357 yuan/ton, a quarter rises 6-7 yuan. And the cost rise it is because of the coal prices and company active effects of restricting output unit after fixed costs increase. Due to the price increase was in 25%, the unit cost increase was for 10% gross margin, tory burch online the company increases about 15 white point. Unit from the last quarter gross 37.85 yuan this year to raise the quarter 78.82 yuan;
Subsequent boom still depend on demand side. We think the macro-control weaker led to the present high inflation and cement industries of high prosperity continues. The so-called "price alliance" just in this context maintaining this top supplement the profitability of the industry factor which affect the function of the boom is "perfect", rather than "reach". Therefore the future trend of cement plate depends on the effect of macroeconomic regulation and control of cement appeared right; the effects of the demand
Give "recommend" investment rating. We expect, the company 11 - after 13 years of diluted EPS respectively 2.41 dollars arose 2.53, 2.3 and. Currently about 20 times more reasonable, given the basic price-earnings ratio Tory Burch Sandals of investment "recommended" rating. (malign securities)

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