Investment suggestion
We predict that the EPS of the company from 2012 to 2014 is 1.27,1.42 and 1.53 yuan respectively.
Considering that the company will extend downstream after the completion of the absorption and merger (integration of sales channels in the province, blasting service cooperation inside and outside the province), we give the company 27x12PE, the target price is 34.25 yuan, and it is recommended to buy.