Maintaining a “buy” rating: Since the construction period of the company's proposed investment project is 30 months, and there will be no impact on performance, we still maintain the profit forecast. Earnings per share in 2011/2012 were 0.57/0.86 yuan/share, corresponding to the current stock price, and the dynamic PE corresponding to the current stock price was 27.5/18.3 times. After comparison with the valuation level of comparable companies, we believe that the company's current valuation level is not in line with its market position and profitability, and continues to maintain the “buy” rating.