The performance is in line with expectations, and the annual EPS is expected to be 0.481 yuan: The company's third-quarter results are in line with expectations. Combined with previous telephone research, we slightly revised the company's profit forecast for the whole year. The annual self-generating capacity was revised from 56 million kilowatt-hours to 55 million kilowatt-hours, and the revised 2009 EPS was 0.481 yuan. The logic of optimistic companies has not changed: on September 23, we published the report “Xichang Electric Power: Buying a Regional Power Resource Monopolist at the Starting Point of Growth”, which indicated the company's future growth space and development path: with the support of shareholders Sichuan Electric Power Company and Liangshan's state-owned assets, the company followed the local government's idea of developing a “power station+grid+high capacity” electrometallurgical integration industry chain, and became a platform for the local “power grid+power station”. At that time, sales volume was driven by mining and metallurgical development, and hydropower installations continued to expand. Liangshan Prefecture can still develop small to medium hydropower resources of 5.8 million kilowatts, and the company's future hydropower installations have huge potential for growth. The shareholder background of the Provincial Electric Power Company plus Liangshan Prefecture also guarantees the company's ability to procure new hydropower resources in Liangshan.