The company is a large-scale enterprise specializing in the production of various types of gear drives. Currently, the main products it produces and sells are: marine gearboxes and adjustable propellers, construction machinery transmissions and driving stands, automobile transmissions and special vehicle transmissions, industrial gearboxes, wind power growth boxes, agricultural machinery transmissions, agricultural machinery transmissions, friction materials, friction plates, and large precision gears, etc. The company is a large-scale backbone enterprise with the widest range of product applications in the Chinese gear industry, the largest sales scale of marine and construction machinery transmission devices, and the most comprehensive competitiveness. The company has been focusing on the research and development of gear drives, friction materials and friction plates for many years, and has deep technical accumulation and a platform for R&D of transmission devices in various fields. A complete product development system has been established through increased investment in scientific research and optimization of scientific research conditions and methods in recent years. The company enjoys a high reputation in the gear manufacturing industry, and its products are highly recognized by active customers. The company is a large-scale enterprise specializing in the production of various types of gear transmission devices. It is a large-scale backbone enterprise with the widest range of product applications in the Chinese gear industry, the largest sales scale of marine and construction machinery transmission devices, and the most comprehensive competitiveness. The company's 2009 EPS is 0.189. Authorities expect Hangqi's 2010 EPS to be 0.31 yuan, giving 27-30 times dynamic PE. Considering the company's industry position and current IPO valuation, the corresponding reasonable valuation range is 8.37 yuan/share to 9.3 yuan/share. Based on the above analysis, the price of Hangqi Qianjin on the first day of listing should be between 8.37-9.3 yuan.