Profit estimation of ibin bioamino acid production

Plum Bio Announcement: The Company's stock price rose by 20% on November 17, 2014 and November 18, 2014 for two consecutive trading daysAccording to the relevant provisions of the Shanghai Stock Exchange Trading Rules, the trading of the company's stock trading is abnormally volatileTo this end, the Company issued a "notice announcement on the abnormal volatility of the company's stock and temporary suspension of trading" (announcement number: 2014-062), the company's shares from the opening of the market on November 19, 2014 temporarily suspended for one day, to verify the relevant situationCJe
1The company concerned about and verify the relevant situationCJein accordance with the relevant requirements, the company has carried out the necessary verification, the relevant verification is explained as follows:CJe(i) November 15, 2014, the company issued the "Plum Bio issued shares and cash to purchase assets and raise supporting funds plan" And supporting documents, the company intends to issue shares to nine enterprises such as Tie Xiaorong and Ningxia Yipin Investment Group Co., Ltdand pay 70,000 yuan in cash to purchase Ningxia Yipin Biotech Co., Ltd(hereinafter referred to as "Ipin Biologicals") 100.00% interest (collectively, "this transaction")At the same time, the Company intends to raise supporting funds of 1.041 billion yuan from no more than 10 non-public lying shares of no more than 10 specific objects, and the total amount of supporting financing shall not exceed 25.00% of the total amount of the transactionThe audit and evaluation work involved in this transaction is currently under wayCJe
　　(2) At the request of the Shanghai Stock Exchange, the Company's statement and supplementary disclosure on the relevant matters of the restructuring plan are as follows: CJe profit commitment data calculation process and its basis is detailed as follows: CJe this profit commitment data system is based on the business plan provided by Ipin Bio, based on the comprehensive consideration of Ipsin Bio's own production capacity, competitive advantage, development plan and industry trends, and refers to the future business performance assumptions on which the target company is evaluated by the evaluation institution The estimated value of This time is 3,822 million yuan, the estimate as the pricing reference for both parties to the transaction, the Company in order to control the risk of this transaction, with reference to the evaluation agency estimate of the future business assumptions, in an agreement to agree on the amount of profit commitment and profit compensation CJe
　　The operating income of Ipin bio can be divided into MSG, lysine, sucone, tryptophan, corn by-products, fertilizer and so on according to the product type The specific calculation process of this profit commitment data and its basis explained as follows: CJe (1) the overall development trend of MSG and amino acid industry CJe According to The boa and news "2014 China Feed Amino Acid Industry Development Report" statistics, the global feed amino acid industry in 2013 reached 3.84 million tons, up 14.60% YoY, the industrial market reached about 10 billion U.S From 2003 to 2013, the scale of the forage amino acid industry increased steadily, with a compound annual growth rate of 12.05% CJe
　　In 2013, China's production of feed amino acids reached 1.53 million tons, up 30.48 percent year-on-year, with a market value of more than US$2.8 billion From 2003 to 2013, the caUS growth rate was 34.42%, significantly higher than the global growth rate In 2013, China's production of feed amino acids increased by 4.82 percentage points to 39.62 percent CJe
CJe China's amino acid exports are mainly lysine and sucone In 2013, China exported 286,500 tons of lysine and 177.6 million tons of sucone, up 5.78 percent and 80.31 percent year-on-year, respectively, with exports accounting for 23.54 percent and 64.36 percent of output, respectively China's imports are mainly methionine and tryptophan In 2013, the import volume of methionine was 161,000 tons, down 12.09% YoY, while the quality and price of imported tryptophan products had advantages, with imports of 2,351 tons in 2013, up 90.21% YoY CJe
　　Therefore, from the global and domestic amino acid market growth rate and development prospects, in the long run, the amino acid industry has a better development prospects and domestic and foreign demand CJe
　　Since 2014, demand for MSG and amino acid products and market reversals have strengthened, and price growth has been more pronounced However, as a precaution, in the future business performance forecast, amino acid product price unit price reference to the recent industry product price slower level, the specific analysis process is as follows: CJe MSG products: reference to domestic MSG sales ranked first Infon Group (HK.00546) MSG product synoral average Price information, MSG product prices (excluding taxes) are shown in the chart below: CJe CJe data source: according to the 2007-2013 Annual Report of the Yanfeng Group, the 2014 Semi-Annual Report Disclosure Data, the price in the chart above is excluding tax CJe
　　Ipin Bio in the future business performance of the forecast of the use of MSG products including tax unit price of 8,100 yuan / ton, excluding tax unit price of 6,923 yuan / ton, the non-tax price is in the middle and lower region of the figure above CJe
　　Lysine Products: Refer to the historical price (including tax) information of Boa and Lysine products, as follows: CJe CJe Ibin Bio uses 98.5% lysine with tax unit price of 8,900 yuan/tonne in anticipation of future operating results 70% lysine-containing tax unit price of 6,400 yuan / ton, from the above trend chart can be seen, 98.5% lysine price in November has reached 9,350 yuan / ton, the expected lysine product prices are at the low level of historical market price trend CJe
　　Susine products: reference to the historical price (including tax) information of Boa and Sussine products, as follows: Iipin bio-amino acid production profit measurement Iipin bio-amino acid production profit measurement (2) Iipin bio-amino acid production profit measurement (3) Iipin bio-amino acid production profit measurement (4) 1 /
4 1 2 3 4 Next End Plum Bio Announcement: The Company's stock price rose by 20% in the two consecutive trading days of November 17, 2014 and November 18, 2014 According to the relevant provisions of the Shanghai Stock Exchange Trading Rules, the trading of the company's stock trading is abnormally volatile To this end, the Company issued a "notice announcement on the abnormal volatility of the company's stock and temporary suspension of trading" (announcement number: 2014-062), the company's shares from the opening of the market on November 19, 2014 temporarily suspended for one day, to verify the relevant situation CJe
　　1 The company concerned about and verify the relevant situation CJe in accordance with the relevant requirements, the company has carried out the necessary verification, the relevant verification is explained as follows: CJe (i) November 15, 2014, the company issued the "Plum Bio issued shares and cash to purchase assets and raise supporting funds plan" And supporting documents, the company intends to issue shares to nine enterprises such as Tie Xiaorong and Ningxia Yipin Investment Group Co., Ltd and pay 70,000 yuan in cash to purchase Ningxia Yipin Biotech Co., Ltd (hereinafter referred to as "Ipin Biologicals") 100.00% interest (collectively, "this transaction") At the same time, the Company intends to raise supporting funds of 1.041 billion yuan from no more than 10 non-public lying shares of no more than 10 specific objects, and the total amount of supporting financing shall not exceed 25.00% of the total amount of the transaction The audit and evaluation work involved in this transaction is currently under way CJe
　　(2) At the request of the Shanghai Stock Exchange, the Company's statement and supplementary disclosure on the relevant matters of the restructuring plan are as follows: CJe profit commitment data calculation process and its basis is detailed as follows: CJe this profit commitment data system is based on the business plan provided by Ipin Bio, based on the comprehensive consideration of Ipsin Bio's own production capacity, competitive advantage, development plan and industry trends, and refers to the future business performance assumptions on which the target company is evaluated by the evaluation institution The estimated value of This time is 3,822 million yuan, the estimate as the pricing reference for both parties to the transaction, the Company in order to control the risk of this transaction, with reference to the evaluation agency estimate of the future business assumptions, in an agreement to agree on the amount of profit commitment and profit compensation CJe
　　The operating income of Ipin bio can be divided into MSG, lysine, sucone, tryptophan, corn by-products, fertilizer and so on according to the product type The specific calculation process of this profit commitment data and its basis explained as follows: CJe (1) the overall development trend of MSG and amino acid industry CJe According to The boa and news "2014 China Feed Amino Acid Industry Development Report" statistics, the global feed amino acid industry in 2013 reached 3.84 million tons, up 14.60% YoY, the industrial market reached about 10 billion U.S From 2003 to 2013, the scale of the forage amino acid industry increased steadily, with a compound annual growth rate of 12.05% CJe
　　In 2013, China's production of feed amino acids reached 1.53 million tons, up 30.48 percent year-on-year, with a market value of more than US$2.8 billion From 2003 to 2013, the caUS growth rate was 34.42%, significantly higher than the global growth rate In 2013, China's production of feed amino acids increased by 4.82 percentage points to 39.62 percent CJe
CJe China's amino acid exports are mainly lysine and sucone In 2013, China exported 286,500 tons of lysine and 177.6 million tons of sucone, up 5.78 percent and 80.31 percent year-on-year, respectively, with exports accounting for 23.54 percent and 64.36 percent of output, respectively China's imports are mainly methionine and tryptophan In 2013, the import volume of methionine was 161,000 tons, down 12.09% YoY, while the quality and price of imported tryptophan products had advantages, with imports of 2,351 tons in 2013, up 90.21% YoY CJe
　　Therefore, from the global and domestic amino acid market growth rate and development prospects, in the long run, the amino acid industry has a better development prospects and domestic and foreign demand CJe
　　Since 2014, demand for MSG and amino acid products and market reversals have strengthened, and price growth has been more pronounced However, as a precaution, in the future business performance forecast, amino acid product price unit price reference to the recent industry product price slower level, the specific analysis process is as follows: CJe MSG products: reference to domestic MSG sales ranked first Infon Group (HK.00546) MSG product synoral average Price information, MSG product prices (excluding taxes) are shown in the chart below: CJe CJe data source: according to the 2007-2013 Annual Report of the Yanfeng Group, the 2014 Semi-Annual Report Disclosure Data, the price in the chart above is excluding tax CJe
　　Ipin Bio in the future business performance of the forecast of the use of MSG products including tax unit price of 8,100 yuan / ton, excluding tax unit price of 6,923 yuan / ton, the non-tax price is in the middle and lower region of the figure above CJe
　　Lysine Products: Refer to the historical price (including tax) information of Boa and Lysine products, as follows: CJe CJe Ibin Bio uses 98.5% lysine with tax unit price of 8,900 yuan/tonne in anticipation of future operating results 70% lysine-containing tax unit price of 6,400 yuan / ton, from the above trend chart can be seen, 98.5% lysine price in November has reached 9,350 yuan / ton, the expected lysine product prices are at the low level of historical market price trend CJe
　　Susine products: Refer to the historical price (including tax) information of Boa and Sussine products, as follows: shared to feed micro-blog