The company recently released its 2007 semi-annual report. Main revenue and net profit increased by 14.36% and 14.76% respectively over the same period last year, and the revenue growth was slightly lower than our expectations. During the reporting period, the company's profitability was relatively stable. Products with high gross margin levels and high market demand, such as double panels and multi-layer boards, account for a large share of sales. However, at the same time, due to various factors and limitations, there is still room for continued optimization of the product structure. As the progress of the company's fund-raising projects was slower than expected and profit assumptions changed, we adjusted the company's earnings per share for 07/08 to 0.34 yuan and 0.51 yuan, and the corresponding reasonable valuation range was 10.2-11.9 yuan. The company's closing price on August 3 was 18.34 yuan, and the stock index was too high. However, since the company has been listed for a short time, it is a sub-IPO sector that is widely sought after, and there is relative support for high valuations, so for the first time, the company was given a “hold” investment rating.