Give a rating of "big city synchronization"

The company is one of the leading enterprises in the domestic carbon black industry. with the help of the advantages of raising funds in the capital market, the company's business scale has achieved great-leap-forward development in the past two years, increasing from 180000 tons / year to 300000 tons / year. At the same time, the company has achieved remarkable results in the extension of the upstream industrial chain to control costs, as well as downstream market development, which makes the company's business performance excellent. In the next few years, the release of new capacity and new product development will help the company to maintain rapid development.

The company announced a preliminary plan for a non-public offering of shares in October 2011. it intends to issue no more than 45 million shares and the additional offering price is not less than 9.26 yuan per share.

We estimate that the company's earnings per share in 2012 and 2013 are 0.44 yuan and 0.58 yuan respectively, and the corresponding price-to-earnings ratio is 23 times and 17 times respectively. The current stock price has fully reflected the investment value of the company. Therefore, the company is given an investment rating of "market synchronization".