Star Electric announced its 2010 annual report on the 4th. In 2010, the company achieved operating income of 841 million yuan and total profit of 140 million yuan, up 9% and 35.09% year on year, achieving net profit of 148 million yuan, a decrease of 13.73% year on year; net profit attributable to shareholders of listed companies was 153 million yuan, a decrease of 10.40% year on year. Earnings per share are 0.47 yuan, and the dividend plan is to distribute a cash dividend of 0.7 yuan (tax included) for every 10 shares. Overall evaluation: After being acquired by the Sichuan Power Grid Corporation, the company carried out a series of asset integrations: in 2010, it completed the equity transfer and liquidation of Star Pharmaceutical, Municipal Commercial Bank, and Minglun Chemical. The company began construction of the Seongnam Water Plant with a daily output of 100,000 tons in March 2010. It is expected that after completion, the plant will increase the company's current tap water business revenue by 130% and become a new profit growth point for the company. The company increased its shareholding in the holding subsidiary Aoshenda, demonstrating its determination to transform into the ore resource mining business. The company's current stock price is close to 43 times the 2010 price-earnings ratio of net profit after deducting non-recurring profit and loss, and is not rated for the time being.