be more conducive Zheneng power to enhance corporate governance, promote better development of the company's business, to bring more returns for investors. Wuhan Jianmin (600976): pushed equity incentives to stimulate business vitalityCompany on December 17, 2013 launch of the second phase (2014-2016) of restricted stock incentive plan (draft), intended for the president, vice president, director and core technical staff of eight people, the use of the share capital of the company extracted ( beyond the baseline year net profit accrued by a certain percentage) And incentive target ratio of funds raised matching grant incentive objects from the secondary market repurchase company stock.Equity incentive plan has yet to China Securities Regulatory Commission for the record without objection and the shareholders' general m nike lunar hyperdunk 2012 sale eeting.Event ReviewRestricted stock repurchased from the secondary market: The incentive target for the company executives, including the president, vice president, director, and a total of eight core technical staff. The company will take equity incentive, repurchase shares from the secondary market (divided into batches) for the repurchase of company stock approachThe total number of periods not exceeding 5% of the share capital of the company (not more than 766.99 million).And performance incentives, full hook: performance assessment indicators, including net income and ROE both, excitation conditions must be met when both indicators and executive performance appraisal program are met. According to the trigger conditions incentive stock options, the company's most 2014-2016Low performance of 0.72 yuan, 0.86 yuan an

d 1.05 yuan, but only exceed the minimum performance, to extract incentive fund. Net profit incentive to set segmented progressive extraction ratio of the fund (set 4 range, see table), the more the excess net income, the greater the extraction ratio, the more incentiveSufficient. We believe that incentive programs designed to make efforts to fully linked with the performance of the company, helping to stimulate management to maximize power.Executive performance appraisal program refinement, focusing on product echelon construction: executive performance appraisal program on the company's management team in 2014-2016 focused on job content to make a detailed plan, such as the number of new cultivated varieties, and the main varieties of the income scale Other operating assetsGoals. Specific indicators include, in 2014 and compared with the requirements spleen and blood particles billions of dollars; 2015 sales volume of over 200 million cultivated products 2, more than 50 million products 2; 2016 achieved sales volume over 300 million products a, more than tw nike lunar hyperdunk 2013 cheap o one hundred million products a.Maintain the "recommended" rating: We believe that a clear inflection point occurs both inside and outside the company, new three countries based medicine exclusively or almost exclusively varieties, clearly benefiting from bonuses based medicine has begun to show volume trend. Suizhou Pharmaceutical subsidiary operating rationalize and improve the larger space; Jianmin largePeng Pei body bezoar sales continued high growth.Company timely re-launched equity incentive, will greatly boost earnings growth. Expect 2013-2014 EPS were 0.67 yuan, 0.89 yu

an, to maintain the "recommended" rating. Changjiang SecuritiesPalm interested in science and technology (300315): Change raise investment projects to strengthen the hand travel research and development, and promote quality strategy2014 will be an important safeguard IP famous hand travel success. With the rapid expansion of mobile games market, increasing customer acquisition costs, and the ability to promote the channel is relatively limited, but well-known by virtue of existing IP reputation and fan base will be able to achieve goodTraditional products influence grafting. Therefore, we believe tha nike air penny 1 sale t 2014 will be the focus of the industry-renowned IP contention. Mature end tour companies to enter the mobile gaming, have well-known IP accumulate, such as Sohu tour, perfect world the right to purchase a Jin Yong novel,Tencent get "One Piece" and "Naruto" game adaptation rights, the ninth city, "China good sound" game adaptation rights. Purchasing early intervention IP copyright will significantly improve the success rate and yield of the company's future products.2014 hand travel industry will emerge differentiation, palm interested in science and technology leading position clear: we believe that 2014 will be a year of differentiation hand travel industry, as the market experienced a rival tour blind speculation of the year, coming only really make a good products, create high water companyIn order to obtain a high valuation. Further strengthened with the acquisition of Palm fun playing with crabs and swim upstream research information itself hand, 2014 will witness the results of the company's quality strategy a year. We forecast t