In 2010, the company achieved total operating income of 3,767,889,454. 62 yuan, an increase of 27.01% over the same period last year, realized a total profit of 63,789,912. 58 yuan, an increase of 390. 41% over the same period last year, and realized net profit attributable to owners of the parent company of 63,614,9.66 million yuan, an increase of 1,394% over the same period last year. Scope of business of the company: The main products are alkali and other chemical products and coal. The company's sales revenue and profit come basically from co-alkali and other chemical products and coal. In 2010, the main business revenue in the current period increased by 26.68% over the previous period, mainly due to the increase in the price of coalkali products in the current period and the increase in the scope of mergers of subsidiaries; the products that accounted for more than 10% of the company's main business revenue and total profit were soda ash and ammonium chloride, respectively, which belong to the chemical industry. The company's main product, soda ash, has a domestic market share of 5.6%, and ammonium chloride is 13.7%. In 2010, the cash flow from operating activities during the reporting period decreased by 205.94 million yuan over the previous year, mainly due to an increase in inventory. Cash flow from investment activities during the reporting period decreased by 69.72 million yuan over the previous year, mainly due to the acquisition of assets by subsidiaries in the current period; net cash flow from fund-raising activities increased by 497.94 million yuan over last year, mainly due to an increase in corporate loans in the current period. Adhere to rapid development, expand and strengthen the main business, and open up new profit growth points. Strengthening management and integration of the 49% shares of Hubei Shuanghuan Technology (Chongqing) Alkali Industry Investment Co., Ltd. and the 55% shareholding of Chongqing Yihua Chemical Co., Ltd. has been completed, so that the company can quickly reach the production capacity of 1.8 million tons each with an equity production capacity of 1.8 million tons of soda ash ammonium chloride. At the same time, we are actively promoting the company's real estate project in Yichang, aiming to achieve sales in 2011. It is also necessary to develop new profit growth points in due course according to the actual situation of the company. The company plans to produce and sell 1.8 million tons of soda ash and 1.8 million tons of ammonia chloride in 2011, and achieve sales revenue of 4.5 billion yuan. Profit forecast and rating: Regardless of the transfer of capital reserves to capital increases, the company's 2011-2012 EPS is expected to be 0.11 and 0.08 yuan respectively, corresponding to the current stock price PE of 77 and 98 times, respectively, giving the company a “neutral” investment rating. Risk warning: Cost risk brought about by changes in the cost of raw materials; liquid alkali products may face the risk of slow sales.