Profit forecast

Considering that the construction period of Fushun Hi-Tech new production line is long, and the expectation of production expansion has been partially included in our previous profit forecast, to maintain the company's profit forecast, the company's diluted EPS for 2011-13 is expected to be 0.34 and 0.62 yuan respectively, an increase of 42.89% 47.58% and 24.43% over the same period last year.

Investment suggestion

As of November 10th, the company's share price of 14.90 yuan corresponds to 43X11PE and 30X12PE, and Dalian electric porcelain's closing price corresponds to 45X11PE and 31X12PE. Taking into account the leading position of the company's electric porcelain business and Sujing environmental protection business attributes, maintain the "buy" rating.