宏源证券(000562,股吧)日前发布研报称，亚厦股份(002375,股吧)（002375）拟扩大业务规模，巩固行业竞争优势。石材制品工厂化二期和幕墙及新型节能系统门窗生产线建设两个项目的实施，将扩大公司经营规模，提高项目承接能力以及在各细分装饰领域内的市场占有率，增强公司的盈利能力和抗风险能力，并持续巩固和提升公司的行业地位。

Hongyuan securities(000562,Shares it)To released research reports，The mansion shares(002375,Shares it)（002375）Expand the scale of business，Consolidate industry competitive advantage。Stone products factory phase ii and curtain wall and new energy-saving system doors and Windows production line construction two project implementation，Will expand the company business scale，Improve the project to undertake in the subdivision decoration and ability in the area of market share，Enhance the profitability of companies and anti-risk ability，And continue to consolidate and enhance the company's industry status。

　　宏源证券表示，营销网络项目的实施推动了公司省外业务的大幅增长，2009-2011年省外业务收入占比分别为41.23%、50.21%和63.11%。为了进一步拓展省外市场，深耕细作现有重点业务区域，公司拟继续加快营销体系建设。

Hongyuan securities said，Marketing network project implementation pushing the company outside the surge in business，2009-2011 years of business income outside than were 41.23%、50.21% and 63.11%。In order to further expand the domestic market，Existing customers wholeheartedly turns on business area，The company intends to continue to speed up marketing system construction。

　　宏源证券称，受限于尚无石材工厂化加工配套能力的现状，石材产品的质量和供给难以与公司的快速发展相匹配，石材拼花、雕刻石材等高档石材产品产能瓶颈严重。石材制品工厂化二期项目实施后，可以保质保量地解决石材产品供给问题，提升工程进度及质量，巩固公司的行业领先地位。

Hongyuan securities says，Limited to no stone material factory turns treatment matching capacity of the status quo，The quality of the product and stone material to supply with the rapid development of the company match，Stone spelling a flower、Carved stone material high-grade stone products production bottleneck serious。Stone products factory phase ii project after implementation，Quantity can solve the stone products supply problems，Advance engineering progress and quality，Consolidate our leading position of the industry。

　　宏源证券称，亚厦股份加强企业运营管理中心建设，奠基公司的可持续快速发展。该项目将为技术研发、市场营销、项目管理、运营监控等各部门人员提供办公场所，整合公司装饰总部管理中心、设计中心、幕墙总部管理中心等职能部门，构建良好的办公环境，进一步稳定经营环境，提升综合管理水平，降低运营成本，稳步提升盈利能力。

Hongyuan securities says，The mansion shares to strengthen enterprise operation management center construction，Based company's sustainable development。The project will for technology research and development、marketing、Project management、Operation monitoring of the personnel provides office space，Integrated company adornment headquarters management center、Design center、Curtain wall headquarters management center, functional departments，Build up a good working environment，Further stabilize operation environment，Improve the comprehensive management level，Lower operating costs，Steadily improve profitability。

　　信息化建设项目推动公司全面升级。公司力争打造出国内建筑装饰行业具有领先地位的企业信息化管理平台，全面促进企业升级，从传统产业型向工业化、信息化、集约化为特征的现代先进企业转变。

Information construction project promote the company's overall upgrade。The company strives to create domestic architectural decoration industry leading enterprise information management platform，Promote enterprise to upgrade，From the traditional industry type to industrialization、information、Is the characteristic of modern intensive advanced enterprise change。

　　盈宏源证券预测公司2012-2014年EPS分别为1.08元、1.46元和1.93元。公司2012年在手订单丰厚、现金流充裕，对地产销量回暖的正向敏感性较强，维持“买入”评级。

Surplus hongyuan securities company forecast 2012-2014 EPS 1.08 yuan respectively、1.46 yuan and 1.93 yuan。In 2012, the company in hand order rich、Cash flow plenty，Production of reverting to a strong positive sensitivity，maintain“buy”rating。

　　（《证券时报》快讯中心）

（《Securities times》Dispatch center）