Profit forecast: In the next two to three years, the company will increase its production capacity by 80,000 tons to 153,000 tons on top of the current production capacity of 73,000 tons through the implementation of listing and fund-raising projects, further increasing the company's brand and popularity. We forecast the company's earnings per diluted share from 2012 to 2014 to be 0.14, 0.15 yuan, and 0.22 yuan, respectively. The subscription price of Hongchang Electronics is 3.60 yuan, and the valuation range is 6.85-9.25 yuan.