We are optimistic about the profit prospects of the company's HDI board business. We predict that the company's sales revenue for 08, 09, and 10 will be 530 million yuan, 710 million yuan and 940 million yuan respectively, achieving net profit of 70 million yuan, 98 million yuan and 133 million yuan belonging to the parent company's shareholders. The corresponding basic earnings per share (dilution after not considering the increase in share capital) is 0.357 yuan, 0.497 yuan, and 0.675 yuan. Compared with the dynamic price-earnings ratio of 12.28 yuan on April 1, the valuation is 34.4 times, 24.7 times and 18.1 times, respectively. Falling within a reasonable range We are optimistic about the long-term effects of the company's capacity expansion, so we raised the company's investment rating to “increase holdings.”