In 2011, the company achieved revenue of 849 million yuan, an increase of 14.02% over the previous year. Operating profit was 25.46 million yuan, a year-on-year decrease of 23.93%. Net profit of 20.8 million yuan was realized, a year-on-year decrease of 26.71%. The corresponding EPS is 0.28 yuan. The company has gone from a single LCD business to vertically integrating the smart computer display and touch control industry chain. The products have covered LCD, CTP, and LENS products. In 2011, LCM achieved revenue of 803 million yuan, an increase of 8.37% over the previous year; CTP and LENS achieved revenue of 41.85 million yuan and 930,000 yuan respectively. The company's consolidated gross margin increased 1.17 percentage points year over year to 15.17%. Among them, the gross margin of LCM high value-added products was developed and produced, and the gross margin increased by 0.54 points to 14.67% year on year; the CTP gross profit margin was 30.07%, which is not yet fully competitive, and will fall back to the industry average in the later stages. CTP and LENS products are in the layout stage, and there is a large investment in R&D and management in the early stages, and the cost rate for the period increased by 2.94 points over the same period. Among them, management and finance expense ratios increased by 0.87 and 1.69 points, respectively. The top five customers accounted for 52% in the first 11 years, an increase of 7 points over the previous year. Among them, ZTE Kangxun's revenue accounted for 36%, an increase of 18 points over the previous year. The share of domestic revenue increased 7 points to 86% year on year. The company has won the bid for ZTE Kangxun's 12-year CTP project and LCD project (framework agreement), including 19.056 million sets of LCM, 3.64 million sets of CTP, and 9.8 million sets of LCM+CTP laminating products, with corresponding amounts of about 642, 2.31, and 1,432 million yuan respectively. Assuming ZTE's actual purchases are in place, the corresponding revenue is 1,965 million dollars. We estimate that the actual purchase amount may decrease. Currently, the company's LCM has an annual production capacity of 40 million sets. In terms of CTP, the current production capacity has reached 18 million units/year. It is planned to raise no more than 550 million yuan in additional capital and invest in small to medium size capacitive touch screen production line, ultra-thin and ultra-strong cover glass production line, and glass substrate research and development line projects. The annual production capacity of 12 million 3.5 to 12.1 inch touch screens and 28.6 million pieces of 3 to 12 inch touch screen cover glass will be increased. We expect the company's sales revenue in 2012-2014 to be 1,761 million yuan, 2.113 billion yuan, and 2,466 billion yuan respectively; net profit attributable to the owners of the parent company is 44 million yuan, 60 million yuan, and 76 million yuan respectively; corresponding EPS is 0.60 yuan, 0.81 yuan, and 1.03 yuan respectively.