The company's main product is printed circuit boards, which can produce single-sided, double-sided and multi-layer boards, mainly double-sided and multi-layer boards, and is gradually increasing the proportion of multi-layer board production. The HDI board production line is under construction and is expected to be put into operation next year. The company pursues a sound business philosophy and gradually develops a high-volume order production model (mainly responsible for factory 2) without abandoning the original customer and production and marketing model (mainly responsible for factory 1), with a view to achieving economies of scale. The construction of the company's fund-raising project will use part of the original plant, and the funds raised will mainly be used to purchase equipment. At present, some equipment is in place, and the company expects installation and commissioning to be completed by the end of this year or the beginning of next year. We forecast that the company's basic earnings per share in '07 and '08 would be 0.356 yuan and 0.433 yuan, and the corresponding reasonable valuation range for '07 would be between $10.7 and $12.5. Maintain a “hold” rating based on comprehensive considerations.