The price of spandex has risen, and the increase in new production capacity has brought great opportunities. Since mid-2009, the price of spandex has continued to rise. The main reason is economic recovery and the increase in the use of spandex in textiles and clothing from 3% to 5% to 8%. On the supply side, only a few new installations have been put into operation in the industry, and we judge that the upward trend of spandex is not over in the short term. On the other hand, the company added 12,000 tons of production capacity and put into operation, just in time for spandex prices to rise. Moreover, the new device uses more advanced continuous spinning technology, which will greatly improve production efficiency and reduce production costs. The company obtained a new plot of land in the Chengdu High-tech Zone, which is expected to provide significant benefits in the future. According to the company's announcement, the company photographed the planned D3 plot of land in the commercial core area of the Chengdu High-tech Zone on September 28. Under the contract, the parcel is planned to have a net land area of approximately 22345.71 square metres (33.5186 acres). In addition to the company's existing land plot project, we believe that after the Pali Bay project, the company's real estate business will have a large profit contribution within the next two years, which can increase the company's market value expectations accordingly. Without considering real estate, we forecast the company's earnings per share from 09 to 11 to be 0.04, 0.60, and 0.61 yuan, respectively. Considering that the price of spandex is currently still rising, and that the company's real estate business may be profitable in the future, the recommended investment rating is given.