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Reporter Zhu Xianglian Beijing aier eye as the first to visit gem company, sitting on a super proceeds of $ 542 million, listed since their actions continue from IPO initial 19 chain hospital, now 38 chain of hospitals (two of them are under construction) in less than two years in the whole expansion 1 time. Rapid expansion of Super-fundraisingGold ran out of 275 listed companies throughout the gem, aier eye is undoubtedly the most rapid pace of expansion. From last year's new hospital chain outlets through acquisitions 10, again this year through mergers and acquisitions operates 5 billion chain outlets have now reached as much as 36. In addition, aier eye said the company is the layout of the chainOutlets in two, by the end of this year, is expected to achieve size of 38 outlets. Statistics show that since landing the gem, aier eye, its performance has always maintained a high growth, period from 2009 to 2010, aier eye respectively revenues of $ 606 million and $ 865 million, an increase of 38.11 per cent% And 42.61%; net earnings of $ 92 million and $ 120 million, respectively, up growth and 50.72%, respectively. During the January-September this year, another reinforcement of the aier eye, achieving revenues of $ 967 million during the reporting period, representing an increase of 53.57% from last year net profit of 134 million Yuan, representing an increase over the same period last yearLong 52.65%. It is understood that the extra proceeds amounted to $ 542 million, there are plans to use super proceeds amount to $ 485 million, unused extra proceeds of $ 56.9472 million. Company Chairman Chen Bang last September in a media interview, admits that "mainly three new hospitals in the city, with a total investment of more than 10 million Yuan.Haven't got much money this year, the company is currently owned by Super-raise enough support to new store openings next year. "Aier eye secret Dong Zhong Han told the China Times reporter," do I need to refinance and how much you want to finance, as the case may be. Once when you need to refinance, companies will be selected based on capital cost and deadline to issue bonds, bank loans or private placement financingTool. "China Merchants securities analyst Jiang Tao said on duty, IR eye is a very good variety of middle route, but personally think that the possibility of refinancing is relatively large. Rapid expansion like many risks and the rapid expansion of companies, aier eye in its rapid expansion while also brings the risk of financial costs surged. As at September this year, aier eye new acquisitions in BeijingEl-British intellectual Tianjin hospital, El hospital, El Hospital of Guiyang, XI?��an El the ancient city of gejiu El hospital, hospital, and opened its El hospital El hospital and Nanning in Huaihua, their operating costs have surged to $ 117 million, representing a growth of 48.91%. Insiders believe that through the rapid expansion and merger and acquisition projects, aier eye perfected the three-tier networkLayout planning company in the process of slowly advancing, the significant increase in expenditure for operating expenses is certainly one of the risks facing of the future. Compared with last year, aier eye opening outlets through mergers and acquisitions this year significantly slowed, according to aier eye opening speed this year and invest, so now the remaining super proceeds of more than 50 million Yuan,Even just enough in three-tier cities next year of 4 to 5 new hospital chain outlets. "We will also be some own capital for investment. "El eye related to the situation said. For return on investment of time, aier eye view that according to past experience, new store opened two years later will be able to profit, but not every new hospital can achieve the desired, such as El Shanghai, Taiyuan aier�� Zhuang Yan Orient securities pharmaceuticals analyst for aier eye hospital established earlier network also is positive, rapid expansion of the hospital will certainly affect the short-term profits of the company, company 2009 previously established hospital networks are more mature swtor power leveling, its rapid growth in operating income remains greater than 60%. "Judging from the current situation, aier eye after 2009Out of the network, overall contribution is only meager profit. "The pharmaceutical industry analyst Zhao Li further on the road. In this regard, aier eye admits: "the new hospital is different: one is to be opened when the one-time start-up costs amortization, and you need a certain amount of market development costs, resulting in increased costs for the period. "" Three-tier network "to seize new markets aier eye initially"Chain of medical" business model, has been through with "three-tier network" layout policy have been met, and in the domestic market has begun to take shape. "Poorer" companies, to further consolidate existing achievements and further "money" has become the new project. This reporter learned that, aier eye possible refinancing market rumours, the companyIn order to consolidate existing achievements, has been gradually expanding medical projects started. Eye diseases in our country about the size of the market in more than 20 billion yuan and its related industries, aier eye three main medical business was carried out by excimer laser surgery, cataract surgery, glaucoma surgery. Aier eye reported that excimer operation gross profit margins in the various revenue accounted for more than the mostHigher revenues accounted for 40% per cent, glasses outside hospital accounted revenues of about 15%. As most of the ocular fundus diseases have been incorporated into the health care system, after the formation of scale will also bring a higher degree of efficiency. According to statistics, China has myopia about 430 million, myopia prevalence reached 33.6%, 1.5 times times the world average. Cataract, glaucomaAging population increased incidence rising proportion of the population gradually increasing need such surgery. Galaxy securities analyst Chen Lei believes that judging from outpatient visits, aier eye 1.09% of the total in 2007 accounted for the total outpatient eye clinic, 2010 rose to 1.74% per cent of total outpatient from revenues, 2006Years El revenues accounted for 9.56% of the Ophthalmic Hospital of Ophthalmology, and in 2009 the figure climbed to 15.67%. This shows that the aier eye is currently in the country's share of ophthalmic medical market stability improved. It is understood that the excimer laser surgery is the medical projects at their own expense, and because of the widespread use of femtosecond lasers, prices 2006Years up to now $ 4204.44 to $, prices also bring higher profit margins. Pharmaceutical industry analyst Zhao Li, said: "encourages the trend of private capital into the pharmaceutical industry on health reform and abolition of the 5% business tax for the IR eye is good. "QA Q= the Huaxia finance A= aier eye secret Dong Zhong HanQ: as new projects are launched, the company will not refinance? A: extension of our chain outlets can take new and acquired in two ways, new rental properties and the purchase of property, different ways of expanding demand for money is not the same. Therefore, if you need to refinance and how much you want to finance, as the case may be. Once when you need to refinance, Companies will be selected based on capital cost and deadline to issue bonds, bank loans or private placement financing tools. Q: company cease aier eye panjin project, does this mean that the layout of the three cities will suspend advance? Love-tier cities, select the kind of standard? A: company cease aier eye panjin mainly consider three-city sitesStrategic arrangement, does not mean that in the three-lane urban layout will suspend advance. Companies are now in Yongzhou of Hunan, Hubei Yichang-tier cities to build chains, such as hospitals, we choose the basic principles of the three cities is considered a group of companies or regional resource sharing and integration of the new hospital. Q: Taiyuan aier does not seem to have reached "new store will profit in two years" expectedWhat? A: Taiyuan aier adopted a phased approach, present the first complete investment of the original investment budget 69%, while Taiyuan aier is still not profitable the old republic power leveling, but this year's development favorably, January-October this year revenues of more than 17 million Yuan, representing an increase by more than 80% last year, expects only slight losses possibly by the end balanced. Q: Super proceeds have not beenHow the money will be used in a form of custody? ����A: at present, the company ultra raise funds unspent funds in accordance with the regulatory requirements in the form of monetary funds raise money deposited in the special account, the company does not intend to make other forms of investment and wealth management. Gold-line statement: Gold-line reproduced above, does not indicate that confirmed that the description only for investmentReference and do not constitute investment advice. Investors a basis for action, at your own risk.