Investment advice:
According to the latest share capital after the IPO, the company's EPS from 2013 to 2014 is expected to be 0.12 and 0.15 yuan, corresponding to 50 times and 37 times of PE, and the company's additional offering price is 5.58 yuan. at present, the stock price is close to the additional offering price, the margin of safety is high, it is optimistic that the company's performance will improve in 2014, and it will be rated as "overweight" for the first time.
Risk tips: 1. The risk of a prolonged downturn in the machine tool industry. two。 The risk that the company's three expenses fell less than expected.