@zwu, you are repeating the same analysis I did before. Well, a key factor I purposely did not include before was that the second baby growth peak appears from 4th quarter of 2016, a general sector growth of 30% in demand has happened, A2 will enjoy the continual growth for sure.
Also another thing mentioned is that the fourth birth surge is on the horizon now, there were three birth surge in history in China after 1949, and now it is for the 4th wave (huge population born between 1985-1997), let's welcome their babies.
A2 Trading day 21/12/16, page-106
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