In 2013, the company achieved revenue of 589 million yuan, YOY 65.29%; net profit after deduction of 142 million yuan, YOY 92.7%; EPS of 0.10 yuan, which is basically in line with previous expectations. In 2013, the company's traditional water business remained stable. The newly merged subsidiary of Tiandi People contributed 48% of net profit, and Zhongke Guoyi also achieved net profit of 11.88 million yuan, an increase of 32% over the previous year. The company's strategic transformation showed results; in the future, the integrated synergy of the company's general engineering contracting, industrial sewage, and municipal water supply and drainage businesses will gradually begin to show, which is expected to drive the company's various businesses to achieve steady growth. Furthermore, in 2014, the company entered the rural water market. Through continuous acquisitions of overseas companies, the company has already stored small-scale rural water supply technology, and the rural water blue ocean market will become the focus of the company's future expansion. We are optimistic about the company's future development prospects. We expect the company's EPS to be 0.15 yuan, 0.22 yuan, PE 36, 24 times, and maintain the “Highly Recommended” rating in 14/15.