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reporter Tao

Reports Disclosure end with the arrival of the myth of the GEM high growth no longer be questioned. As of August 30, a total of 93 companies listed on GEM released the 2010 mid-year report,Gucci bag Classic 92543 8588, as a whole, not only the overall profit growth than small boards and motherboards, and part of the performance of the company suddenly .

interim results for the growth of 26%. It published interim results of 373 small board company accumulated net profit of 22.07 billion yuan attributable to shareholders of the parent, rose 42%; CSI 300 of 195 listed companies reported interim results, accumulated 293.6 billion yuan home ownership shareholders net profit,Gucci bag Classic 130738 8571, up 42.8% over the same period.

three data comparison,Louis Vuitton bag Damier Canvas N61739, the growth performance of GEM listed companies will undoubtedly become a lot less. At the same time, in the first half net profit rose more than 50% only 19, accounting for 20%, of which only super-map software, double-Lin shares, national science and technology, new materials Dah,Louis Vuitton wallet M92451, 10000 Banda, up just road machine, record net profit to double in REITs. Thus, the GEM high growth rings clearly fading.

deserves special attention is that while the performance of the 7 companies satisfactory growth, but some companies the reasons behind the substantial growth in performance is worth serious consideration. For example, the super-map software, the first half of 2010,Balenciaga handbag 084828, the company achieved operating income of 56.34 million yuan, up 27.97 percent, totaling 5.92 million yuan of profits and achieve net profit attributable to shareholders of listed companies in 5.58 million yuan, up 293.6 percent, but excluding non-recurring The net profit after income and not millions, only 964,300 yuan. In response, ultra-mapping software that is mainly during the reporting period was 863, a special international cooperative R & D and other national, provincial and ministerial science and technology funds to support.

In fact, the super-mapping software is not a case of the National Science and Technology also funds due to government subsidies to make them more beautiful reported. In addition,

performance of the company over two percent change of face

It is noteworthy,Gucci Wallets 118378, if not super-map software, and 7 companies relying on high profit pulling the overall profitability of the GEM index, GEM mid-year report of the situation will be terrible. Compared to pre-market high growth, medium-term performance has suddenly changed face of the company's accounting disclosure GEM's 21%. Wind data show that 93 companies had 20 first-half profit GEM achieved negative growth over last year.

refers to The company's mid-year report shows that only the first half of 2010 net profit 3.03 million yuan, fell 82.07 percent year on year; only 0.03 yuan per share, fell 86.96%. In addition, Warburg Pincus stake in the South are power electronics in the first half net profit growth Hanwei were -76%, -69% and -49%.

even more stunned that some of GEM listed company in less than 3 months after the release of the interim results announcement of loss, such as the April Anno its listing, Southern Power, Warburg Pincus shares; in May listed the Alzheimer technology,Balenciaga handbag 084358, Hanson moved, Oak shares; in June listed the League of Nations, and in July aquatic listed shares and Youluo Ka Wah Ng.

In addition, GEM mostly emerging industries, the short term is also an , see its true performance by economic environment and factors of the impact of industry cycles Deng, Ye Ji Yi Ding's decline will occur, but only Yeji down one aspect. However, taking into account since the second quarter of 2009, the real economy began to pick up from the bottom GEM's slow recovery from a data perspective the most, which is puzzling.

will usher lifted the pressure

despite the poor performance of the GEM in the first half, but the behavior of the second quarter from the agency perspective, the majority of GEM companies are still to be overweight. Well, the GEM

industry believes that, taking into account the results of the GEM and the latest stock price according to the first half of the estimated price-earnings ratio as high as about 70 times, the characteristics of high growth without obvious now, but years will usher in a limited lifting of the ban selling climax Many companies face downward pressure on stock prices. By then, the body can only indicate whether the behavior of a real bullish GEM.

Zhang Kai on that, because the market's high growth is not expected to materialize in the regulatory departments of the monthly clearance rate of about 10, so the next time the stock market, especially small and medium GEM will face a larger adjustment of pressure, investor caution.

Although GEM start from birth along with all the criticism, but its growing number of institutions still have strong hopes, and that in the future, the GEM will be a super-conventional development opportunities.

development of the industry, significantly higher than the first, second industry come faster. The trend,Chanel bag New arrival 36017, from the attitude of the regulators, to encourage a large number of industry funds to the development of novel in the field to take, as the GEM representative of new industries, will not slow down the speed issue.

Guoxin Securities analyst Wang Caihong said,Balenciaga handbag 084358A,