Showing posts with label Tory Burch Sandals. Show all posts
Showing posts with label Tory Burch Sandals. Show all posts

Friday, May 27, 2011

he will naturally not be afraid of a Qingxia

Ning Qing Yao Chi Sin Shihfang elegant,Christian Louboutin Pumps Sale, courtyard planted with different trees between Jane grass, stone scattered around, like a rockery stones, scattered elegant. Their layout is very particular about the gurgling flow of spring water, a pavilion covered with vines everywhere, dotted with stone, gives a fresh feel, which return to the natural. North desert, is considered the most Xianqi the Holy Land, the door bell in the world women are the Ling-hui. many large force of young people, are proud to marry Jade Pool Fairy cells, but little is Few people do, such as the shortage of ancient family of powerful, deep inside, such as the major holy places can only look into the distance. finded disciples almost not marrying, not to mention the gate even a saint, in such a long period of time, also appeared only once or twice, Joan became another woman. Ye Fan suddenly aware of someone in the spy can not help but looked back and saw a light year man wearing a purple, such as the general was surrounded Zhongxingpengyue, standing not far away. In the next few people are familiar, are seen in the Pinnacle Shihfang gambling, and that all the time to accompany the Liucheng En side, at the moment are the purple headed man. compared to the martial art but small, the absolute so-called bad eyes, looked to the side glances, whispers about something. Fan Ye cold smile, and did not care, terrorism, such as Kyi's house, a strong light, such as shaking the Holy Land, have not been able to He nonetheless, he will naturally not be afraid of a Qingxia door really act recklessly. You ... ... source nine pounds, I do not know is true or false? people, said: to Cheng'en dirt on his head. Fan Ye want to be hands away. Tory Burch Boots Sale, Yao Chi Sin afraid Shihfang angry. to go, just in front of everyone shook his. . purple men back, glanced at him, suddenly get that person a Hao, then a nasty look in the eye, it is necessary sprang forward, snatched really IOUs. ;, going on? I received the good, do not lose ah. very beautiful. shore, stone piles into the scene, very post then - taste. the lake, near the water and built a loft, where the fairy actually hazy fog, lofts nestled in the ancient room, surrounded by lush, cozy up by the fog cover. If the sounds of nature sound of zither, is from where came from, mounted swing mind, people could not help since the zheng long, subtle and soft, fresh stretch and lasting appeal. ; While across the shade, shrouded in fog cents, but you can almost see the tall attic, there is a fairy blows Zheng, Chu Chen masterpiece, do not dye this world atmosphere, breathtaking beauty. There are like a fantasy emerges, misty clouds, Qionglouyuyu looming, a woman independent of the cloud ... no time

all together in the attic before

this music, people follow the ups and downs mood, Christian Louboutin Pumps Sale, with its sound and action. Fan Ye heart of a Chen, who's accomplished a sight to behold, not Hua Yunfei under the Road is near, the zheng has an amazing power of sound, such persons may be infected with the mood. the S1, the lake The fish were all together in the attic before the water, the swinging head and tail, like the dance, completely immersed in the music. Jiangjialiang had just been seen as a kid, the vibration of light from the Holy Land but also the arrival of a suave romantic junior that are seen in the Holy City. some asshole that will not rob the Jade Pool saint, right? Really want to do it, too much fun. He believes that Erleng child to speak, in this capacity as they people who want simply do not care. Meanwhile, Fan Ye was surprised, in accordance with these old people have said, came all the major holy sites of JJ, and Yao Chi Joan of drought demon force is evident. Standing lake attic, the door opened and in single file out of several beautiful women, Chu Chen, Yuet Wah last naked person, it seems cents Pa Turui, dim the whole person, to see not real, but gives no time to feel no lack. Yu-yi graceful, slender scene was enveloped China barnyard, such conduct in the Moon Palace, holy and distant, never feel close. Fan Ye feel Niwai, did not think they do not happen to men, they stood and purple together. do not write a chapter, unworthy of you, Tory Burch Boots Sale, so I still worked for the chapter. Well, tonight, on this chapter. Friends of the Library book provides the latest chapter two hundred and second shrouded Yao Chi Chapter Joan Readers are welcome to login www.shuyouku.com Read the latest chapter.

Thursday, May 5, 2011

China aviation engine problem in China

China's engine development is still gaining momentum. Now various types of the engine has been researching, trial and service, but newer engine still let China aviation engine industrial vigorous development. Advanced stealth fighters vector engine is one of them, this engine than big, controllable in esteem strong, with high technical content, and with the great progress tory burch online of China's materials science, there are many technical difficulties before have been in conquer in.
Recently, China aviation engine problem in China domestic and foreign comment in succession, China aviation engine of superiority or inferiority is mixed. I also pointed out that the program due to China's engine technology and material etc problem causes engine poor stability, reliability, low and life is not long.
But even so, China's engine development is still gaining momentum. Now various types of the engine has been researching, trial and service, but newer engine still let China aviation engine industrial vigorous development. Advanced stealth fighters vector engine is one of them, this engine than big, controllable in esteem strong, with high technical content, and with the great p Tory Burch Flats, rogress of China's materials science, there are many technical difficulties before have been in conquer in.
In addition, compared with Russia, China's political priority principle let engine became "ZhengQiJi" national demand, this for its development into a powerful source, a talent, 2 it is money, three is management, the development of the three-dimensional concept let China this momentum in the developing countries, especially not poor infinite money and not sent, Christian Louboutin Evening Sale, are China's advantage, this also is Russia's disadvantage, certainly believe in not for 10 years, China could net importer from aviation engine changes as exporter, this will be the country's technological progress, one of the major reflect beyond Russia is just a question of time and non-technical problem.
I don't post don't talk this basic discipline but now it a past say point don't match the words ~

if soldiers never hear the party with the party go core ideal and faith

Widely nets kunming May 5 news correspondent DengZhongKai YangJiaYan) "the leadership of the Chinese communist party's first workers' movement which is the climax of the vertex a job sport?" "Hankou-beijing railway workers strike!" On May 4 in the afternoon, chengdu military area commands MouTuan in yunnan had club, instructor HuangXiaoLin using tissue life time, organization in "the answer recruit" soldiers own enlistment as interesting history of sexology popular learning knowledge activities, the way attracted soldiers participate in. Are company take part in the competition activities JiangShuiQing tells the author, commemorates the commissar through interesting history they tory burch online own enlistment as learning activities, mobilize the soldiers learning enthusiasm and more firmness, if soldiers never hear the party with the party go core ideal and faith.
In order to meet the 90th anniversary of the communist party of China party construction, enhance the knowledge of history, own enlistment as soldiers, the glee club knowledge and understanding of all soldiers attend in organization knowledge contest and the history of the party own enlistment as knowledge contest answer and the "after 80" "90 soldiers gladly accept after" pursuit of new things, and the characteristics of new fashion, with the help of TV programs tailored to the era of rich period flavor beats, and intelligent passing through checkpoints, knowledge contest titled content, the history in learning knowledge "answer recruit" own enlistment as fun contest, Tory Burch Flats, encouraging officers to challenge for the officers and men in the interesting deepen the ideological recognition study. They also through developing cartoon creation game, calligraphy painting competition, story telling, online micro broad home to talk, red sing songs, and constantly enrich learning activities such as the content, arouse the enthusiasm of the soldiers involved in learning activities.
"The answer recruit" fun activities, greatly aroused since soldiers learning interest in own enlistment as history. Reporters on the scene to see, yellow instructor thrown on the soldiers, just below it raised his hand, fight Christian Louboutin Evening Sale, to be the first responder enthusiastically. Monitor ZhaoKangGong rhetorically: "' the answer recruit activity for me" open a door window of history, own enlistment as understanding history further deepened to all military...

Japan Chinese aircraft carrier afraid afraid submarine


The Japanese carrier for China development, how to treat? Personally, I think China has carriers, will more troublesome. One is only a ship basic carrier, the general view, doesn't make sense to have at least 3 to 4 carrier. This requires huge time, money and resources. So from having the carrier tory burch online to see, Japan didn't think how be deterrent. But if will more energy for key increase submarine, this in Japan is a threat that.

Carrier WaLiangGe number
Picture XiLiu military source:
"China should have carriers do more explaining"
China has the aircraft carrier, the international Tory Burch Flats, community will be many reaction, "China threat" would be more appear. In the diplomatic level, whether China can international society to have a really good explanation and confessed? Not only to explain, and mouth through concrete military action to show, this is a little difficult to China
Japan defense institute published the first "Chinese security strategy report. The report on China's military development and strategic intent, can say the overall assessment generally reflected the JunShiGuan here in Japan in recent years. Some view, however, and we inevitably biased pour also might as well listen to dong ying neighbours explanation.
Therefore, our exclusive interview the institute in the report planning and writing core experts, defense institute director of thickening Tanya researcher, please ask him to decipher the eureka moments, and the report came with his discusses the difficulties and military diplomacy between the way out.
Hope China think? How about Japan
The international herald herald ": defense institute this investigation Christian Louboutin Evening Sale, of China's military purpose is? When a decision?
Increase Tanya: start planning this report, is probably in two years ago. Japan's domestic and worldwide because of China's military pay more and more attention, we began to research institute. The report's main purpose has two. First, as Japan defense provincial research institutions and think-tank group, we want to release at home and abroad for China's military strength and security point of view. Second, we think that if China thus understand Japan trend of China's military interests, may help both countries to strengthen military dialogue and exchanges.
Q: two years ago, is in a what background, countries begin to pay close attention to China's military?
Answer: firstly, the 2008 and 2009, Chinese troops becoming more active military activity. For example, China navy in Japan as the sea and the south China sea surrounding near activity in increased. Secondly, in 2007 China's defense minister's visit period, the two sides agreed to strengthen military exchange agreement. In the above two factors influence, we not only want to communicate with Chinese military launched, and hope we really let them know how see China's military.
Q: do you think that the Chinese have said and you think, have contradiction between?
Answer: the report also mentioned, we look at China's military enhance take for granted, but in the meanwhile, China strength and how to plan to use their power, including Japan, some countries are not clear. Last April, Chinese navy helicopters in the east China sea of Japan sea near the navy ships flying, also recently close similar happened events. In the Chinese view, this may be safe. But judging from the Japanese, this close the way of flight contains a danger. The specific methods used in military and security standards, may be different between China and Japan. ..

America wants Afghanistan once again become a hotbed of terrorism

Host: karzai.

Resultados mas fotos. - unable to control their own domestic situation, actually for Mr Obama, now take this opportunity, while this withdrawal from Afghanistan, duly withdraw, tube you after Afghanistan, comming to this to the United States and it is more favorable.

Host: America wants Afghanistan once again become a hotbed of terrorism?

Resultados mas fotos. - no, it I'm desperate, I also don't care, I have fulfilled my commitment,Christian Louboutin Evening Sale, I've been here for almost ten years playing the battle, now the Lord has also been killed. And of course a should pay attention to character, the taliban leader omar, should now or the taliban leadership.

Host: now can't find him.

Resultados mas fotos. - he DuYanLong: well, as we all know, the man than bin laden low-key much, he also not so famous, but he just alive, so after U.S. troops in Afghanistan, and he will play, and what role the omar and some say he hid in Pakistan, and omar himself, with the Pakistani government or inter-services intelligence or also have very close relationship.

So I say this filled with the variable, now it is hard to predict, there is also a chance that Afghan situation now actually very bad, especially the taliban launched spring offensive, America, of course, is not a U.S. national, NATO, he also had to deal with, he also best to frustrate the offensive, in such a case, in a short run, before speaking, America cannot leave and Pakistan to Pakistan cooperation, but that it always this is a kind of a kind of embarrassing situation.

Host: Pakistan's government can stand up to it from the domestic pressure?

Resultados mas fotos. - he has been having weathered, not now to resist, has weathered many years.

Host: but discontent is boiling.

Resultados mas fotos. : yes, actually there, I think is now aside so-called, is happy to steal coldly, Tory Burch Sandals Sale, is India, I this two days to see India newspaper editorials, and it has been in some cynicism, well, it says we early say Pakistan and bin laden is fundamentally feather, you just americans don't listen is, you still want to get together with Pakistan.

Host: but India to Pakistan targeted, was always so, including mumbai this event is before by Pakistan's fault.

Resultados mas fotos. - of course, so I think now that still should see Pakistan with Afghan future development of the situation, especially Pakistan's own taliban, the two taliban mutual membership, they may contact, are independent of subordinate, Pakistani taliban recently for a period of time, but I compare silent judgment, because the death of osama bin laden, there may be a Pakistani taliban will also becoming active again again.

In fact western also has some terrorism expert thinks, in fact the main influence or osama bin laden in Pakistan and Afghanistan, not in the Middle East, then you from Middle East for nearly 10 years, that did not happen much of a terrorist attack,Tory Burch Handbags because the Middle East countries, Arab countries to actually are protected in their manufacturing chaos al-qaida, so we see in Europe, in Britain, in Spain have happened some terrorist attacks, actually a lot of terrorist attacks a is in Iraq, a is in Afghanistan and Pakistan.

So I think this analysis also is reasonable, so from that perspective of words, bin laden's death makes, the first won't make Pakistan and Afghanistan's taliban, make two countries they disappeared, it is not possible. The second is al-qaeda itself, and I believe it should adjust their this strategy deployment, although it is a network, but it now localization trend is more and more obvious, especially decapitated, even if karzai watts Hector in the first second-in-command, he can now can't powerful control over the whole network, then an instruction, I think more, they still did.

Host: yes, actually, does that mean did to global security situation, it is more safe.

Resultados mas fotos. - and, of course, is in part, although the United States it will crack, bin laden although he don't use the Internet, but he used the computer, he computer should be hiding a lot of al-qaida's confidential, but americans are now fully to decipher. So, I believe that Pakistan in this year, it will face difficulties compared with people, on the one hand, the Pakistani government it must be two different levels, a's dominant elite, including these through the election of these large political stage, there is a military family, the military has been in Pakistan, is a very important strength, if not the Pakistani military word, the country may also would have collapsed,Tory Burch Flip Flops, this is something that I actually believe the Pakistani military cooperation between with the U.S. military with the Pakistani government, with the United States government's cooperation, it is not exactly the same, it has overlapping part, but it also has its relatively independent this part. For this part, I believe that the U.S. military although no thanks to the Pakistani military, but I'm afraid that they still thank in my heart.

Because if you don't have the Pakistani military cooperation, not for their Pakistani military use, including allowing blotsky Pakistan air force base, I'm still not clear, is the four helicopters flew out, where is the air force base in Pakistani soil, because helicopters usually flight distance will not too far.

Host: from the Indian Ocean have sea aircraft carrier.

Resultados mas fotos. - of course possible, Karl Vincent number, because these reports are not bringing this up, another might take in Pakistan, because in Pakistan is a perfectly justifiable to an American and NATO air base, so the Pakistani military and the U.S. military, now the cooperation between: actually, I find words from the blitz to see, I think maybe than we know to close, while the U.S. military is obviously don't want to now suddenly cut off such a connection between.
Phoenix TV May 5th international news program broadcasting "resultados fotos. - the United States ba cooperation against terrorism suspect without crack a lot of variables", the following letter memoir:

Host: actually, just what you said he now conspiracy theory a out, but at least a point can be sure is alberta bud this place has become a tourist scenic spot, is at least many once follow osama bin laden's people would have to this place to visit.

But we'll discuss the United States and Pakistan this co-operation between the two countries, because we all know Pakistan to American public actually this such action, infringing upon sovereignty feel very unhappy, that you think the two countries in the next, in anti-terrorism cooperation will encounter, greater obstacles.

Resultados mas fotos. - I believe there will be, but basically can use broken and cracks, or is a not crack, broken is well, but broken there may be some crack, or a mutual have involved, but both the relationship should not collapse.

Host: Pakistan is actually need the American economic aid.

Resultados mas fotos. - the United States also need to Pakistan, of course, I think some variables, these variables, not complete lies not in Pakistan is Pakistan itself, in Afghanistan, now also someone in forecast, said the United States can according to this situation, can be punctual duly withdraw from Afghanistan, if the United States withdraw from Afghanistan, the United States dependence on Pakistan, will greatly ease, but in that way word, it may have a new bigger question that is Afghanistan we see obviously, now the government is powerless, Afghanistan, including its Afghan this government.

just what you said he now conspiracy theory a out

Phoenix TV May 5th international news program broadcasting "resultados fotos. - the United States ba cooperation against terrorism suspect without crack a lot of variables", the following letter memoir:
Host: actually, just what you said he now conspiracy theory a out, but at least a Tory Burch Handbags point can be sure is alberta bud this place has become a tourist scenic spot, is at least many once follow osama bin laden's people would have to this place to visit.
But we'll discuss the United States and Pakistan this co-operation between the two countries, because we all know Pakistan to American public actually this such action, infringing upon sovereignty feel very unhappy, that you think the two countries in the next, in anti-terrorism cooperation will encounter, greater obstacles.
Resultados mas fotos. - I believe there will be, but basically can use broken and cracks, or is a not crack, broken is well, but broken there may be some crack, or a mutual have involved, but both the relationship should not collapse.
Host: Pakistan is actually need the American economic aid.
Resultados mas fotos. - the United States also need to Pakistan, of course, I think some variables, these variables, not complete lies not in Pakistan is Pakistan itself, in Afghanistan, now also someone in forecast, said the United States can according to this situation, can be punctual duly withdraw from Afghanistan, if the United States withdraw from Afghanistan, the United States dependence on Pakistan, will greatly ease, but in that way word, it may have a new bigger question that is Afghanistan we see obviously, now the government is powerless, Tory Burch Sandals Sale, Afghanistan, including its Afghan this government.
Host: karzai.
Resultados mas fotos. - unable to control their own domestic situation, actually for Mr Obama, now take this opportunity, while this withdrawal from Afghanistan, duly withdraw, tube you after Afghanistan, comming to this to the United States and it is more favorable.
Host: America wants Afghanistan once again become a hotbed of terrorism?
Resultados mas fotos. - no, it I'm desperate, I also don't care, I have fulfilled my commitment, I've been here for almost ten years playing the battle, now the Lord has also been killed. And of course a should pay attention to character, the taliban leader omar, should now or the taliban leadership.
Host: now can't find him.
Resultados mas fotos. - he DuYanLong: well, as we all know, the man than bin laden low-key much, he also not so famous, but he just alive, so after U.S. troops in Afghanistan, and he will play, and what role the omar and some say he hid in Pakistan, and omar himself, with the Pakistani government or inter-services intelligence or also have very close relationship.
So I say this filled with the variable, now it is hard to predict, there is also a chance that Afghan situation now actually very bad, especially the taliban launched spring offensive, America, of course, is not a U.S. national, Christian Louboutin Evening Sale, NATO, he also had to deal with, he also best to frustrate the offensive, in such a case, in a short run, before speaking, America cannot leave and Pakistan to Pakistan cooperation, but that it always this is a kind of a kind of embarrassing situation.
Host: Pakistan's government can stand up to it from the domestic pressure?
Resultados mas fotos. - he has been having weathered, not now to resist, has weathered many years.
Host: but discontent is boiling.
Resultados mas fotos. : yes, actually there, I think is now aside so-called, is happy to steal coldly, is India, I this two days to see India newspaper editorials, and it has been in some cynicism, well, it says we early say Pakistan and bin laden is fundamentally feather, you just americans don't listen is, you still want to get together with Pakistan.
Host: but India to Pakistan targeted, was always so, including mumbai this event is before by Pakistan's fault.
Resultados mas fotos. - of course, so I think now that still should seeTory Burch Flip Flops, Pakistan with Afghan future development of the situation, especially Pakistan's own taliban, the two taliban mutual membership, they may contact, are independent of subordinate, Pakistani taliban recently for a period of time, but I compare silent judgment, because the death of osama bin laden, there may be a Pakistani taliban will also becoming active again again.
In fact western also has some terrorism expert thinks, in fact the main influence or osama bin laden in Pakistan and Afghanistan, not in the Middle East, then you from Middle East for nearly 10 years, that did not happen much of a terrorist attack, because the Middle East countries, Arab countries to actually are protected in their manufacturing chaos al-qaida, so we see in Europe, in Britain, in Spain have happened some terrorist attacks, actually a lot of terrorist attacks a is in Iraq, a is in Afghanistan and Pakistan.
So I think this analysis also is reasonable, so from that perspective of words, bin laden's death makes, the first won't make Pakistan and Afghanistan's taliban, make two countries they disappeared, it is not possible. The second is al-qaeda itself, and I believe it should adjust their this strategy deployment, although it is a network, but it now localization trend is more and more obvious, especially decapitated, even if karzai watts Hector in the first second-in-command, he can now can't powerful control over the whole network, then an instruction, I think more, they still did.
Host: yes, actually, does that mean did to global security situation, it is more safe.
Resultados mas fotos. - and, of course, is in part, although the United States it will crack, bin laden although he don't use the Internet, but he used the computer, he computer should be hiding a lot of al-qaida's confidential, but americans are now fully to decipher. So, I believe that Pakistan in this year, it will face difficulties compared with people, on the one hand, the Pakistani government it must be two different levels, a's dominant elite, including these through the election of these large political stage, there is a military family, the military has been in Pakistan

3 hours and fault diagnosis intelligent accurately

47 years old vice the total teacher: thrusting "tianhe no.1"Christian Louboutin Evening Sale, realize 1 quadrillion times across

I admire down-to-earth, looking at the stars, I PengShunTang, is senior trip postdoctoral such a man.

LaoPeng is za grassroots fly out of the "golden phoenix", from a repair camp engineers, all the way to study, dr. June 2007, from a college LaoPeng six-foot-tall raduation post-doctoral mobile stations, college value on his research background, the sincerity to stay.

When the new information "journey in the crucial", it is employing.Tory Burch Flip Flops, I heard that nasty, going to overnight after hurried to "grab people". And, behold, LaoPeng active call back: "report chief, I've already bought back tomorrow." army ticket

Later, I had a heart-to-heart talk with LaoPeng. He said did not want to "find another gao zhi", but reasoning, seeds buried deep soil can, and his own life bloomed in grassroots just the most meaningful positions.

Both feet in the eyes LaoPeng grass-roots root, staring at the sky forever. One type of equipment, the past performance by artificial test and fault diagnosis, a time-consuming 3 days, LaoPeng determination KenXia this "tough one". In fact I know, machinery and dynamic testing is not his strengths, but LaoPeng very firmly: "if tomorrow there was war on the battlefield, how can we?"

"Retreat" 4 months, LaoPeng took out "some type of equipment comprehensive test maintenance system". Boot operation, god! Test time incredibly reduced to 3 hours and fault diagnosis intelligent accurately.

3 years time, LaoPeng successively took seven technical innovation achievements, hold back to three of the military progress prize in science and technology MEDALS. "One missile remote support maintenance system", "fire control radar computer comprehensive test equipment"... Just listen to name just know, these results, are now clingy training all transformed into combat.

Time staring at the sky, the first step LaoPeng cruise the phantom steps and solid. Last September,Tory Burch Handbags I was four camp in northwest journey deep desert executive missile shooting task. What is BangDai by authority; the whole stability, or let four camp "list

Thursday, April 28, 2011

accounting for annual profit 2011/12

We think investors are still waiting operating performance of policy implementation,Tory burch outlet and now is a good buy some. The next three to six months, a tax-free shop sales performance in sanya strong stock is expected to push. 2011/12 is expected to net a tax-free shop in sanya contribution 103m / 2.38 billion, accounting for annual profit 2011/12 achieved respectively 15% / 23%.

Valuations.

We still adopt EV/GCIvs. CROCI/WACC valuations. Based on the duty free operation where CITS cash returns the high level of industry and industry, we maintain company growth relative to industry 45% of GCIvs. Tory Burch Boots Sale, CROCI/EV/WACC, combined with premium unchanged adjusted profit forecast get 12-month target price of RMB 37.3 yuan.

Main risk.

Because the policy is still in the experimental stage, the consumers of isolated islands Tory Burch Sandals and a tax-free process of the first accepted business performance may below our expectations of the benchmark hypothesis.

Development "districts" - a modern industrial

Beijing will use years time makes the "ecological jingxi" new name card. The Beijing Tory burch outlet municipal government will in the policy, capital, etc. To the jingxi area constantly tilt The future will form production services and high technology industry as the main body, the cultural and creative industries and tourism leisure industry as the characteristic, ecological agriculture for supplementary jingxi the modern industrial system. "1025" period, jingxi region will focus on creating "a nuclear", namely the new shougang creative business district; Development "districts" - a modern industrial development zones and fang shan magmatic new town green industry development zone; hexi fengtaiTory Burch Sandals To speed up the development of "three zones", namely yongding river green ecological development belt, 108 109 national highway and ecological tourism leisure belt along the highway. The company is located in 108 109 national highway and ecological tourism leisure belt along the highway.

Profit forecast and risk hint: after additional capital in accordance Tory Burch Boots Sale, with the calculation, is expected to 1.87 million shares the 2011 to 2013 earnings per share for 0.04 yuan, 0.08 yuanhe 0.14 for. On March 25, 14.33 yuan computations, corresponding closing still-racy 326 times, 178 times and 102 times, because the company after profit will be directed additional gradually improve the influential, maintain company "" investment rating. Hint at present company valuations higher risk.

Gross margin slightly drop, management

2010 to achieve the company operating income 1.65 billion yuan, an increase of 1.93%; Operating profit Tory Burch Sandals 39 million yuan, 83.11% year-on-year drop; Attribution parent year-on-year, net 25.68% 457 million yuan; Earnings per share 0.03 yuan.
Gross margin slightly drop, management and financial rate rise. The company integrated 56.11%, year-on-year drop in gross margin for 2.48 percentage points, the main reason is the rising prices factors make catering cost increased. Report period cost of sales to produce 1,422 million yuan, an increase of 11.46%, sales year-on-year increase for 8.6%, significant: 0.74 percentage points.Tory Burch Boots Sale, Management fee 7,268 thousand yuan, an increase of 13.3%, management fee, 43.95% year-on-year increase for 4.41 percentage points, the reason is personnel costs. The financial costs 809 million yuan, an increase of researcher, financial fee 4.89% year-on-year increase, for 0.34 percentage points. Small beach 1 to disposal, obtain non-operating income rates rise, make the company net profit RMB than income growth.
To introduce strategy investors, improve the quality of tourism resources. HuaLi holding to the non-public issuance of stocks shares of the company way 5,000 million shares subscribed 53,750 million yuan, the company to raise funds for 10.75 yuan, releases the price. Plan to longquan hotel ascend service level scenic spot and expansion projects, tan zhe si upgrading transformation projects, jie tai si 5A scenic gen 5A upgraded project, Beijing super 8 hotel expansion projects, repay bank loan, another part of the funds used to add liquidity. Tory burch outlet Additional, it is expected that the company after profit above 4.3 million yuan RMB, the capital, according to 1.87 billion in earnings per share calculation above $0.23.
Scenic world construction of city benefit. Beijing to speed up the pace of development of international metropolis, striving to world cities high goals. The development goal of "world city of Beijing puts forward new requirements for the services, the municipal government clearly put will play in the international trade center in Beijing, this gives Beijing tourism development brings new historic opportunity. The Beijing tourism administration believe that tourism will be located in Beijing new strategic industry in the world, and to foster city developing tourism growth for Beijing to the first big industry. And the company for financing, and stronger the jingxi men-tou vallely tourism.

by the end when last night to enter statistics

Small and medium plate last year more than 30% earnings increase gem
Has published a quarterly reports show, small and medium-sized board gem underlyingTory Burch Flip Flops, earnings, taiwan-based maintained strong growth momentum
According to statistics, by the end when last night to enter statistics (23, were 566 database accurate) home small plate company, 208 home gem companies announced the 2010 annual, 498 home small plate company, 202 house unveiled 2011 gem companies a quarterly reports.
Statistics show that the small boards, 566 home business income last year 9186.8 billion yuan realize 36.2% year-on-year,; Realize 822.6 billion yuan, net 33.4% year-on-year increase; The weighted average earnings per share 0.58 yuan. 208 gem to achieve the company operating income home 848.4 billion yuan, an increase of 37.9%; Realize net profit 146.7 billion yuan, year-on-year growth of 31%;Tory burch outlet The weighted average earnings per share 0.67 yuan. 2010 earnings of small and medium-sized board companies account for the annual company already disclosed nine, and the profit is all gem, 85% of gem company performance up achieve growth.
The 2011 quarter, 498 home small plate to achieve the company operating income 1953.3 billion yuan, an increase of 36 percent; Realize net profit 179.7 billion yuan, year-on-year growth of 31%; The weighted average earnings per share 0.14 yuan. 202 home gem to achieve the company operating income 202.2 billion yuan, an increase of 43 percent; Realize 30.9 billion yuan, net year-on-year increase in 40.7%; $0.13 weighted average earnings per share. Quarter, small and medium plate basic maintain last year growth is faster than the gem performanceChristian Louboutin Evening Sale, growth last year.
A large proportion of high send pie has become a feature annual report last year. Among them, the sea 002399) decided (purui every 10 stocks turn add equity every 10 shares 10 stock, the distributed bonus cash 20 yuan, of which total cash dividend distribution 8 billion yuan, accounting for its net profit 66%. Similar to small and medium plate, gem companies often appear high send turn scheme. Among them, the Swedish think gen (300078) scheme for every 10 stocks turn add 15 shares and send 15 yuan, and takes to 300134) technology ($123,000 every 10 strands of pie.

So far, has released a quarterly net profit

Five bank profit increase more than 3 percent
Agricultural bank (601288) released yesterday, according to a quarterly net profit in the first quarter 340.67 realize the year-on-year increase million yuan, 36.43%. So far, has released a quarterly net profit growth of five Banks are super 30%.
Also released a quarterly reports on the bank of the people's Tory Burch Flats Sale, livelihood 600016), (Shanghai pudong development bank (ningbo bank (inaugurated) and 002142). At present a final, minsheng bank realize 62.10 billion yuan, net year-on-year increase 45.47%; SPDB realize net profit 60.59 billion yuan, 47.56% year-on-year increase; Ningbo bank realize net profit 815 million yuan, 63.63% year-on-year increase. Previously, the first released new share a quarterly net profit in the first quarter, according to realize the 24.02 billion yuan, an increase of 52.22%.
Several brokers forecast, benefit from early times the cumulative effect appears Christian Louboutin Evening Sale, gradually raised interest rates, a quarterly listed bank will remain high growth.
Boc international listed bank quarter results are expected to expand, will show the overall spread non-interest fast growing business, asset quality, is expected to continue to good characteristics listed bank net profit year-on-year growth of 33%.
All the nations are expected to ShenYin listed bank scale will continue to expand, the net interest quickly picks up, annulus annulus rebounded about 16 basis points year-on-year rise, about 30 basis points, is expected to average listed Banks can achieve the year-on-year rate 30% net, including zhaohang, minsheng bank, citic year-on-year growth of medium-sized net higher, at 40% - 60%.
Orient securities that this year there will be half a quarterly performance listed Banks Tory Burch Flip Flops, more than 40 percent annual growth, along with a quarterly performance of the continued good will make bank stocks gain revalued.

Thursday, April 21, 2011

recent years is probably the most clear an opinion

Fund industry choose WangYaWei clear differences now promising financial real estate
ZhouHong ⊙ reporter, editor in YiWen zhang yong
Fund a quarterly disclosures, into a third day the huaxia, following error, etc, the top 10 in the fund company disclosures quarterly reports. Industry leader fund of an ancient name for China and Shanghai are integral to see many fund of negotiable, making periodic industry after two days once the bulk lots stock prices weakened floored the voice multiply. But industry of error fund gets weakness is the overall view to growth stock and emerging industries, and fine fruit, Chinese businessman etc fund company stood together.
Obviously, the differences in 2011 in funds into a third days after a quarterly disclosures more expanded.
WangYaWei: this fund promising blue-chip stocks
This year's a quarterly WangYaWei in recent years is probably the most clear an opinion.
In the Chinese market, released today in a quarterly huaxia strategy WangYaWei made clear, watch, represented by the bank of low valuations qualified blue chip stocks; WangYaWei still further says, if not issued tougher measures to even policy of real estate, adjust fully relax somewhat the words of the real estate stocks will have a larger rise space.
And in the october-december quarter combination, real estate stocks also really become WangYaWei heavy warehouse industries. By the end of the first quarter, Chinese real estate stock market 18.79%, the proportion of huaxia strategy to the real estate stock allocation proportion reaching for the industry average, about makes the allocation capability of nine times. But the two funds in the top 10 heavy warehouse strands, no real estate stocks figure.
In addition, huaxia bank stocks in the market has not less than 10 points configuration, the main traffic bank in collocation points at the end of the season, but the bank shares WangYaWei reduced their configuration, the last quarter of construction bank, holding commercial bank and everbright bank stocks such as. All seems a year ago, in a repeat of WangYaWei copied bank shares early in the market, and the overall view of turn good shots large Banks, gradually to sell.
Banks, cement, resource 1 can't be little
And if the vision to expand the fund of an ancient name for China, the whole team is the thoughtway abnormal clearly - which is bringing cycle strands, especially bank stocks, cement stocks and resource shares.
The quarter on quarter huaxia overall holdings and compared, can find, ranking top stock change is the biggest is cycle strands of whole location uplift, as well as mechanical equipment and electronic industry open cuts.
What quarter, seeking the limelight of high-tech, jingang leroy treasure dongfang electric, cnooc suits, universal QianChao, China north vehicles stocks have been gradually exit the whole of fund of an ancient name for open combination. And the construction bank, China merchants bank, conch cement, and technology, pangang vanadium titanium stocks becomes fund of an ancient name for more than one fund under the cross position focus.
Especially with conch cement, jidong cement as a representative of cement stocks and with construction bank as a representative of many more become huaxia bank shares the key position large funds. With the corresponding, both what industry for 2011 are the best before the first quarter among five industries. China's industry is evidenced the allocation capability.
Other funds: to cycle shares attitude differentiation
This view is not for Chinese industries, instead, and widely recognized by the people criticize economic. Such as the quarterly reports published today has many fund under error that sooner or later the limelight, growth stock will return.
Error strategy fund in quarterly, says macroeconomic situation in the uncertain made it difficult for us to make clear configuration strategy, but bottom-up carefully selected stocks is our long-term investment method. The fund that with urbanization and obvious benefit Midwest business enterprise, and have long-term growth potential pharmaceutical sectors such as attractive began to add, will choose some of these varieties firm hold.
Long letter fund manager is more showy aodelaisi inc, said buying aggressively timing may still to come. (Shanghai)

How did sing bank shares words differ WangYaWei empty
Today released its fund of an ancient name for 25 fund quarter report. As the influential fund companies, fund of an ancient name for China views become market focus, especially the most cow fund managers WangYaWei dynamic the most attention.
In a quarterly WangYaWei for future market trends in said further ahead with bank of promising represented low valuations qualified blue chip stocks, but from the first quarter operating perspective, under itsflag two fund significantly reduced their financial insurance stocks, in the top 10 in open only remaining stock of bank of communications a financial insurance individual stocks, China construction bank, industry and commerce bank, bank stocks such as everbright bank reduced their sharply, all exit 10 heavy warehouse stock list. Viagra words differ, the bottle gourd sell of is what medicine?
Financial insurance substantially reduce held by viagra
According to the Chinese market and Chinese strategy two fund the latest quarter report, finance and insurance stocks continued by reducing the holdings. At the end of the first quarter, huaxia grail financial insurance stocks accounted for fund net assets, and 10.46% proportion is still as high as the proportion proceedings 20.31%, by the end of 2009, the digital by more than 27%. Financial insurance stocks accounted for huaxia strategies equity ratio is lower, and 5.61%, only for the proportion is 13.78% proceedings. Huaxia grail and now also hold Chinese strategy of financial insurance individual stocks about 11.1 billion yuan, and proceedings holding still close to 20 billion yuan, WangYaWei reduced their total in the first quarter of nearly 10 million yuan related stocks.
Bank of communications for the China market and Chinese strategy in the top 10 heavy warehouse strands of financial only child. And China construction bank, industry and commerce bank, bank stocks such as everbright bank already didn't trace and shadow. With the construction bank, for example, hold more than 9,000 huaxia grail proceedings million shares, a market value of nearly 4.2 million yuan, for the third big heavy huaxia grail, and at the end of the first quarter storehouse shares the first ten huaxia grail heavy warehouse strands of radio and television networks fair value is about 1.7 billion yuan, plus the construction bank 8.28% big rise in the first quarter, in other words, the construction bank WangYaWei relentlessly sell-off was close to three million yuan.
But the relentless selling financial stocks at the same time, WangYaWei but in future market trends in promising prospects represented by bank clearly the low valuations qualified blue chip stocks, viagra differ, it really is the words so confused!
Decisive change shares many winners of moab
Viagra quarter remains the best performance, in the last performance pacesetter in succession circumstance, lok ma huaxia grail and Chinese strategy two funds 4.33% and 4.51% respectively achieved the earnings, both into active slant model fund, tory burch online the top 10 of its remarkable displayed once investment management ability. A quarterly new data showed that the WangYaWei flexible decisive change strands, and successful in big winners only of moab.
WangYaWei operating inside report period is pointed out, this fund maintain higher stock positions,
Tory Burch Heels Sale,
the combination varieties as a modest adjustments, reduced concentration to increase the flexibility of operation, while the variety selection on the defensive and gradually reduce.
In fact, the Chinese market and Chinese strategy in the top 10 heavy warehouse strands, half for new shares. Huaxia grail retained the wider remit shares, Oriental JinYu, gezhouba, traffic bank and China unicom, and five only old shares, shandong HaiHua, baosteel shares, exist issues now days aviation, emeishan A, radio and television networks gracing the top 10 heavy warehouse strands of columns. Huaxia strategy retains a broad remit JinYu, GuangZheng shares, the east bank of communications etc steel structural, only old shares, Tory Burch Pumps Sale,

four new shandong HaiHua, zhuhai zhongfu, baosteel shares, exist issues now days aviation, * ST ShanJiao and deep tian jian 6 only heavy warehouse stocks.
Compared with the proceedings, this period WangYaWei heavy warehouse strands of new stock this year since no losses, the lowest increase of deep tian jian also amount to 4.3 per cent. In these new heavy warehouse strands, more many for since this year to be big winners. For example, in shandong HaiHua huaxia grail and Chinese strategy proceedings only holding 745 million shares respectively, has a market capitalization of about 5,100 yuan and 600 million shares, has a market capitalization of about 41 million yuan, and the stock in the first quarter of 30 million shares already close to three million yuan quantity, the market value and 12 million holding, about 1.1 billion yuan respectively the fifth promotion huaxia grail heavy warehouse stock,Burch Sandals Sale, the fourth-largest heavy huaxia strategy HaiHua storehouse strands, and shandong have this year 66.08% rise up.

real estate stocks also really become WangYaWei

And in the october-december quarter combination, real estate stocks also really become WangYaWei heavy warehouse industries. By the end of the first quarter, Chinese real estate stock market 18.79%, the proportion of huaxia strategy to the real estate stock allocation proportion reaching for the industry average, about makes the allocation capability of nine times.Christian Louboutin Pumps,But the two funds in the top 10 heavy warehouse strands, no real estate stocks figure.

In addition, huaxia bank stocks in the market has not less than 10 points configuration, the main configuration point 601328) in traffic bank (at the end of the season, but the bank shares WangYaWei reduced their configuration, the last quarter of the construction bank (holding), industry and commerce bank (remnant 601398), everbright bank (601818) stocks. All seems a year ago, in a repeat of WangYaWei copied bank shares early in the market, and the overall view of turn good shots large Banks, gradually to sell.

"Banks, cement, resource" 1 can't be little

And if the vision to expand the fund of an ancient name for China, the whole team is the thoughtway abnormal clearly - which is bringing cycle strands, especially bank stocks, cement stocks and resource shares.

The quarter on quarter huaxia overall holdings and compared, can find,Tory Burch Boots, ranking top stock change is the biggest is cycle strands of whole location uplift, as well as mechanical equipment and electronic industry open cuts.

What quarter, seeking the limelight of "lai strength 002106), precious high-tech (600875), dongfang electric (China national offshore oil corporation (cnooc), universal service (601808 QianChao (000559), China north car (601299)" stocks have been gradually exit the whole of fund of an ancient name for open combination. And China construction bank, China merchants bank (600036), conch cement (600585), and technology (600582), 000629) pangang vanadium and titanium industry (such as its individual stocks becomes fund of an ancient name for more than one fund cross position focus.

Especially with conch cement, jidong cement (000401) as a representative of cement stocks and with construction bank as a representative of many more become huaxia bank shares the key position large funds. With the corresponding, both what industry for 2011 are the best before the first quarter among five industries. China's industry is evidenced the allocation capability.

Other funds: to cycle shares attitude differentiation

This view is not for Chinese industries, instead, and widely recognized by the people criticize economic.tory burch online Such as the quarterly reports published today has many fund under error that sooner or later the limelight, growth stock will return.

Error strategy fund in quarterly, "said of the macroeconomic situation uncertainty made it difficult for us to make clear configuration strategy, but bottom-up carefully selected stocks is our long-term investment method." The fund that with urbanization and obvious benefit Midwest business enterprise, and have long-term growth potential pharmaceutical sectors such as attractive began to add, will choose some of these varieties firm hold.

Long letter fund manager is more showy aodelaisi inc, "said buying aggressively timing may have come".

Once the most unique feeling announcement issued

In addition, the first Chinese strategy five heavy warehouse strands of zhuhai zhongfu years 65.19% rose; Tory Burch Handbags Sale, The first nine with restructuring expected heavy warehouse shares * ST ShanJiao 46.8 rose; Once the most unique feeling announcement issued last year level of hongdu aviation also record 31.88% gain for the unfeeling WangYaWei not moved decisively announcement of positions, 800 million shares, air exist issues now days itself.
The second quarter are expected to appear before rising stock market
Most cow fund manager is how do you view the prices in the second quarter?tory burch online WangYaWei except to say that low valuations, promising to real estate stocks outside blue-chip is also promising: if you don't issued tougher measures to even policy of real estate, adjust fully relax somewhat the words of the real estate stocks will have a larger rise space. For the overall market situation, in the report, the stock market prospects in two quarters of listed company of good results, is expected to be driven by rising slightly.
And the company of fund of an ancient name argue that economic growth and high inflation coexisted situation will maintain a long time, investors should make full preparations for it to adapt to the investment environment of both coexist. Inflation and growth is economy and stock market the main contradictions in the near future. If control inflation monetary policy and administrative measures effectiveness appears gradually, inflationary pressures are expected to ease over time, market risk preference will be rising again, in the economy was still fast growth, market valuations lower background, may appear integrity opportunities, including valuation lower cyclical stocks will have better performance.
Tory Burch Flip Flops Sale, Stock market risks is that inflation than expected level, the government was forced to adopt a more severe tightening policy, thus to the real economy and stock market bring bigger impact.
Later in 2011, fund of an ancient name for several quarters in the stock market strategies, and valued the finance, with property valuations repair, and supply and demand situation is good, valuations low cycle strands, and view theme investment will continue to be active, quality of consumer, small and medium-sized market capitalization growth stock from long-term see have absolute returns space but in the short term may lack the relative gains