Yantai Wanrun listing is expected to enhance the value of the company. At present, Yantai Wanrun achieved net profit of 99.8 million yuan in 2010, Yantai Wanrun's current equity is 103.36 million shares, equivalent to 0.97 yuan per share earnings, the company holds 26.58% of Yantai Wanrun, equivalent to 0.107 yuan per share earnings. If Yantai Wanrun achieves a growth of 30% in 2011, the company will achieve earnings per share of 0.14 yuan, which is worth 7 yuan per share based on the current price-to-earnings ratio of 50 times of similar listed companies. If 35 million shares are issued according to the declaration materials of Yantai Wanrun, the earnings per share of Yantai Wanrun is 0.94 yuan. Considering the high-speed growth of the company brought about by the fund-raising project, it can be worth 75.50 yuan per share at a price-to-earnings ratio of 80 times, equivalent to 8.05 yuan per share of the company.

Yantai Wanrun will be a high probability event. First of all, Yantai Wanrun is a new material company encouraged by the state, so the company is more likely to get financing support. Yantai Wanrun is mainly engaged in liquid crystal intermediate system preparation, liquid crystal monomer synthesis and purification, liquid crystal monomer is an important raw material for the production of mixed liquid crystals. Mixed liquid crystal is one of the key raw materials for the production of liquid crystal panel LCD. Secondly, the company has grown rapidly in recent years and has formed a large scale. Yantai Wanrun sold only 12 tons of liquid crystal monomer in 2005 and 47 tons in the first half of 2010, reaching the sales volume of 2008. The company's liquid crystal monomer production accounts for 10% of the international market share.