In terms of the disposal of Shahua Electronics shares in the short term, the total amount of impact on the company's net profit attributable to the parent company in 2013 due to the sale of a portion of Shahua Electronics shares was -11,9627 million yuan, affecting the company's 2013 EPS of about 0.17 yuan. In the long run, the performance of Xiahua Electronics, which is declining year by year, is a huge burden for the company, and with the introduction of the new IPO policy, it will be more difficult to dispose of it in the future. This is a wise move for the company. At the same time, since the company still holds restricted shares, which account for 20.02% of the total shares of Xiahua Electronics, the company may be able to obtain part of the investment income in the future as the stock price rises driven by the restructuring of Xiahua Electronics. Overall, although the disposal of Shahua Electronics shares has affected the company's short-term performance, in the long run, this information is too neutral. Regarding the touch component material project, the company announced on December 4, 2013, that Collivision's touch component material project officially entered the trial production stage at the end of September 2013. Previously, small samples had been produced. Through internal testing and evaluation and continuous debugging, the test results are currently in line with internal expectations. However, at the same time, the company revealed that due to the high degree of automation of the Collision project, the equipment commissioning cycle is long; the Collivision project uses proprietary process technology to produce cover glass products, so there is still uncertainty about whether the final product will successfully meet the expected goals. Overall, the current progress of the project is below our previous expectations. Rumor has it in the industry that Apple will launch the IPHONE 6 with a sapphire glass screen in 2014. Although, it is understood that currently the cost of sapphire cover glass is high, and the yield is still low. However, Apple has always been a trendsetter in the mobile phone market, and this move will undoubtedly have an impact on the original cover glass industry. The high gross profit that was originally due to Corning's monopoly may now change in the future. Profitability will decline if the company's touch component materials project reaches production later. The downgrade rating is “neutral”. Based on the above analysis, we will not consider the performance contribution of the company's Colivision subsidiaries for the time being, and downgrade the company's EPS from 2013 to 2015 to 0.49 yuan, 0.54 yuan, and 0.6 yuan. At the same time, the company's rating was downgraded to “neutral.” The main risk is that the yield of cover glass falls short of expectations; the price of touch products has dropped sharply.