Green building initiatives raise demand for energy-efficient aluminum profiles. The General Office of the State Council recently relayed a notice from the National Development and Reform Commission and the Ministry of Housing and Construction's Green Building Action Plan, proposing to complete construction of 1 billion square meters of green buildings during the “12th Five-Year Plan” period; by the end of 2015, 20% of new urban buildings will meet the requirements of green building standards. According to our estimates, building 1 billion square meters of green buildings will increase the demand for energy-saving aluminum profiles by 660,000 tons. As a leader in the domestic energy-saving aluminum profile industry, the company will benefit from this green building action plan. Aluminum doors and windows account for about 1.3% of construction and security costs, so the cost does not hinder the promotion of energy-saving aluminum profiles. Profit forecasting and investment ratings: maintaining a “buy”. We predict that in 2012-2013, the company will be able to achieve net profit of 73.03 million yuan and 105 million yuan, up -54% and 44% year-on-year respectively, equivalent to earnings of 0.31 yuan and 0.44 yuan per share. The corresponding dynamic PE is 23 times and 16 times, respectively. “New urbanization” construction and energy-saving construction activities will increase demand for energy-saving aluminum alloy profiles, and the company's energy-saving aluminum alloy profile project with an annual output of 50,000 tons has already been put into operation. Demand is picking up and production capacity is being released, and the company's performance is expected to grow rapidly, maintaining the company's purchase investment rating.