Investment advice on the secondary market

We predict that the EPS of the company from 2011 to 2013 will be 0.49,0.79 and 1.15 yuan respectively. At present, the business operation of the company is stable, the coal mine will achieve the integration of coal chemical business after reaching production, the hydrogen peroxide will make a significant profit, and the future business of urea, concentrated nitric acid and ammonium nitrate will be sound, the company's overall gross profit margin is expected to pick up, and the management secondary market will greatly increase the company's stock holdings to boost investor confidence. And the company has a strong expectation of asset injection in the future, and the long-term investment value is significant, so we maintain the company's buy rating.