We expect the company's 2014-2016 EPS to be 0.06 yuan, 0.07 yuan, and 0.07 yuan respectively. Currently, the corresponding stock prices for PE are 194X, 166X, and 166X respectively. Competition in the industry has intensified, and rent and labor costs have risen rigidly, eating away at the company's profit space. Although performance will continue to improve in 2014, it is difficult to see a clear inflection point. In the future, it is necessary to continue to pay attention to the company's new store operations and the extent to which the growth rate of the same stores has recovered. Continue to maintain the company's “neutral” rating.