Earnings forecasts, valuations and investment ratings. Equity cooperation also requires an asset evaluation process. What we anticipate between these two equity cooperation is the establishment of a new company with the Inner Mongolia Xinhua Issuance Group. Since the financial data of the Inner Mongolia Xinhua Distribution Group has not been specifically disclosed, we will maintain the company's profit forecast for the time being and maintain the “increase in holdings” investment rating. Considering that the company takes advantage of being the first to go public and seizes the leading edge in the publishing industry through mergers and acquisitions, it is suggested that investors can seize trading opportunities according to the company's historical stock price characteristics. Publishing media (EPS 0.24/0.25/0.28 yuan after 10/11/L2 dilution, current price is 13.10 yuan, corresponding to 10/11/L2 PE55/51/46 times, maintaining the “increase in holdings” rating).