In the first half of 2006, Fangzheng Technology achieved main business revenue of 3.49 billion yuan and net profit of 84.07 million yuan, up 12.9% and 17.6% year-on-year respectively. The company's earnings per share for the first half of 2006 were 0.09 yuan, which is basically in line with our expectations (0.085 yuan per share). PC business revenue was 3.28 billion yuan, up 11.6% year on year, gross margin was 8.1%, and gross margin was 8.2% for the same period last year. Although the company still maintains its second position in the domestic market, overall market size growth has slowed. We expect the company's PC business revenue to increase by about 15% year over year this year, down from last year. Since the fourth quarter of last year, the company's service fee revenue has increased significantly. The service fee revenue comes from the outsourcing of customer hardware systems. Other business profits in the current period were 17.45 million yuan, mainly from service fee revenue. Increasing the share of service revenue has become one of the stable, high-quality sources of revenue for software and hardware providers. The PCB business achieved revenue of 190 million yuan, a year-on-year increase of 41.1%, and gross margin of 22.2%, a slight increase over the same period last year. The multi-storey in Zhuhai is currently operating at full capacity, and the PCB business revenue is expected to increase by 30% year on year this year. The company expects revenue of 8.1 billion yuan in 2006, net profit of 192 million yuan, and earnings per share of 0.20 yuan (the previous forecast for 2006 revenue was 8.32 billion yuan, earnings per share of 0.19 yuan). Maintain a neutral rating.