1. The increase in sales revenue mainly comes from overseas markets. In 2011, the domestic market was affected by the country's macroeconomic regulation policies to adjust the structure and suppress inflation. Market competition became increasingly intense, and the company's domestic market sales revenue continued to grow steadily, with an increase of 14.92% over the previous year. However, in 2011, the company further expanded the regional scope of overseas markets and achieved a recovery in sales revenue in foreign markets, with a year-on-year increase of 93.34%. 2. Gross margin increased, but net profit growth rate was not high. The gross margin of the company's main business was 29.66%, up 0.35% from the previous year. Among them, the gross margin levels of leading product filling lines, bottle blowing machines, and secondary packaging equipment were 29.97%, 31.23%, and 21.86%, respectively. However, net profit increased by only 10.95%. 3. Cash flow is abundant, and the production process of enterprises is speeding up. In 2011, the net cash flow from the company's operating activities was 68.9 million yuan, an increase of 21.78 million yuan over the same period last year, an increase of 46.23%, mainly because the increase in inflows of operating activities was faster than the increase in cash outflow from operating activities. 4. Future performance growth is stable, and industry prosperity is stable. China's beverage market is still developing rapidly, maintaining a compound annual growth rate of double digits in beverage production. As the downstream industry continues to grow, the market demand for beverage packaging machinery continues to be stable, and the development environment of the domestic beverage packaging machinery industry remains positive and optimistic. As an industry leader, the company has a complete product line, and the industries benefiting from it have grown significantly. 5. Profit forecast, future expectations are lower. We expect the company's diluted EPS from 2012 to 2014 to be 0.34 yuan, 0.45 yuan, and 0.54 yuan respectively, and the company's PE corresponding to 2012 and 2013 to be 25 times and 19 times. The future growth in domestic beverage consumption will definitely bring opportunities to the company and give the company a “recommended” rating.