The company's revenue in the first three quarters of 2010 was 1.69 billion yuan, up 32.5% from the same period last year, and the net profit attributed to the parent company was 88.4 million yuan, up 13% from the same period last year. Among them, the net profit in the third quarter was 38 million yuan, up 92% from the same period last year. The company's consolidated gross profit margin in the first three quarters was 22.6%, down 0.6 percentage points from the same period in 2009. Benefiting from the boom in the automotive industry, the company's auto parts business revenue has grown rapidly, and the performance of its subsidiaries has improved. As the listing platform of AVIC Tongfei, the company will benefit from the industry opportunities brought about by the opening of airspace. We expect that as the asset integration of AVIC Tongfei is completed, the company will start the asset injection again. We raised the company's target price to 34.00 yuan to maintain the buy rating.