Recently, we went to Chuangyuan Technology to conduct field research and had in-depth exchanges with the company's management on the company's operating situation and future development plans. The insulator business showed both endogenous and epitaxial growth. The Suzhou Electric Porcelain Factory, a holding subsidiary of the company, was full of orders, and two new production lines were built during the year to expand production capacity. Furthermore, the dust settled on the company's acquisition of Fushun Hi-Tech's shares and capital increases. The scale and profitability of the company's insulator business will increase markedly in 2010. The purification business occupies a leading position in the industry and is growing steadily without worry. The company's holding subsidiary, Sujing Group, has strong strength in the field of purification and has stabilized its leading position in the country. This business is less affected by economic fluctuations, has maintained steady growth throughout the year, and the industry has huge room for development. The surveying and mapping business is progressing actively. Suzhou Yiguang Instrument Co., Ltd., a subsidiary of the company, has a high reputation in the surveying and mapping industry. Its products are constantly being updated, and its market competitiveness has been consolidated. Breakthroughs have been made in the abrasives and bearings business. The company's abrasives business began to reverse losses in the middle of the year, and the coated abrasives production line and base treatment line entered the harvest period; the bearing business benefited from the prosperity and recovery of the automobile, construction machinery and other industries, and product supply was in short supply. Both businesses achieved breakthroughs during the year. Give it a “buy” rating. We expect the company's earnings per share to reach 0.57 yuan/share in 2011. The dynamic PE corresponding to the current stock price is 29.5 times. Considering that the company's development has reached an inflection point and the significant growth in the company's industry, after referring to the market valuation level of the company's various businesses, we believe that 35-40 times PE is the level the company should enjoy, giving it a “buy” investment rating.