Angel yeast development of a new cycle of industrial upgrading into

 Network HC set by the food industry raised the tender to invest in a comprehensive new products, build br>

Angel Yeast hold a shareholder meeting the end of 2010, by private placement investment of 800 million yuan for five projects. Enzyme as a new business the company received 160 million yuan capital investment areas.

addition YE compound seasoning, yeast, and yeast biological feed source projects are health care products to expand production capacity to accomplish goals.

new projects coming to completion in 2012, the Angel will greatly extend and enrich the product line, the product structure from a single yeast products to become a wings parallel pattern. Angel will also be a traditional company specializing in the production of yeast into the yeast fermentation technology and enzyme engineering technology as the core of biotechnology-led integrated biotechnology companies. Increase in income share of new products will drive the company profit margin continues to increase.

new project will put into products after several years of market development have been at least three products have been billions of dollars in revenue, initially established to meet the market's marketing system and basic customer groups . Capacity bottlenecks in the settlement, it will achieve rapid growth.

2010 年 YE compound seasoning, yeast source of bio-feed and health products yeast three single product sales revenue will be billions of dollars; and enzyme production design is also in accordance with the order is completed, it will After completion of basic lock company revenue. Whether it is an extension of the yeast enzyme products or new products are giving birth to a huge market capacity, Angel company is facing great opportunities for development. Angel Yeast

pattern by building new products to achieve high-tech industries to upgrade traditional industries, from food additives, food development to the end;

profit forecast:

2011 years after the company's new projects of production, to achieve high growth almost no suspense. But with the 2010 extension of yeast products, the company will still get more than 20% revenue growth; cost factors and thermal coal prices higher molasses prices increased less than in 2010. Income share of new products with high profit margins improved in 2011 EPS1.30 yuan / share. Given 38 times the 2011 valuation of the company to improve the rating to buy.