In 2011, the company achieved operating income of 10.092 billion yuan, a year-on-year increase of 34.85%, and realized net profit of 210 million yuan, a year-on-year decrease of 2.41%. The company achieved sales revenue of 8,018 billion yuan of petrochemical and petroleum products, an increase of 41.18% over the previous year, and achieved gross profit of 640 million yuan, a decrease of 98 million yuan. The company's chlor-alkali products achieved sales revenue of 1,928 million yuan, an increase of 11.08% over the previous year, and achieved gross profit of 366 million yuan, an increase of 148 million yuan. Domestic gasoline and diesel prices were not in place, and prices of chemical products fell in the second half of the year, causing the company's revenue to increase without increasing profits. Looking ahead to the future market, the chemical market will maintain a low level of consolidation, and reforms in the gasoline and diesel pricing mechanism are expected to be introduced, and the company's endogenous development is facing some difficulties. As an important petrochemical enterprise in the Shenyang region, the company's epitaxial development method is still worth looking forward to. Based on general expectations, the company's 2012 and 2013 performance forecasts show earnings per share of 0.30 yuan and 0.36 yuan, respectively. Maintain the “Cautious Recommendation” investment rating for the company's stock. Risk warning: There is great uncertainty about the chemical market sentiment, which will have a certain impact on the company's expected performance.