As the first domestic listed home appliance exterior component design and manufacturing company, we are cautiously optimistic about the company's multi-field expansion under the replicable DMS model. We expect the company's EPS for the year 10 and 11 to be 0.36 and 0.46 yuan respectively, corresponding to the current stock price PE of 37.58 and 29.20 times, respectively, giving it a “careful recommendation” rating for the first time.