The profit of PAM oil production products is stable. Incrementally, the development company for new oilfield customers is an important supplier of three chemicals to Shengli Oilfield; the two parties will adjust the price of the supply agreement according to fluctuations in acrylonitrile prices to maintain the company's reasonable profit margin. Dagang Oilfield is another important customer newly developed by the company. Large domestic oil fields are gradually entering a later stage of development where production is declining. They require three oil production cycles to stabilize production. They belong to the company's customer group to be developed. The company has accumulated rich experience in production applications and technical services in the field of oil production PAM, and can provide customers with customized services, which is conducive to developing new customers. Domestic oil fields all use reasonable methods of winning bids for PAM products, and the gross margin of the company's PAM products for oil production can remain stable. The PAM market for sewage treatment is vast, and emissions require national policy support. China's industrial wastewater and municipal sewage discharge are increasing year by year. Sewage treatment has become a hot issue of concern for the whole society. Domestic sewage treatment will be the focus of future development. The coverage rate of sewage facilities in China has exceeded 92%, and the load on sewage plants is less than 80%. As the government's supervision of sewage treatment is strengthened and capital investment continues to increase, the quantity and quality of sewage treatment can be greatly improved, and the increase in the scale of sewage treatment will drive a rapid increase in demand for the flocculant PAM. The company has leading PAM production technology and rich usage service experience. It can not only supply a large number of typical PAM flocculation products, but also provide personalized products. The sales volume of PAM products will continue to grow. Currently, China's sewage treatment industry still has the problem of low harmless sludge treatment rate. Sludge treatment will be a sub-field of large-scale expansion of the sewage treatment industry in the future. The use of CPAM in domestic sewage sludge treatment can improve sludge treatment efficiency and reduce energy consumption. The amount of CPAM used in China will grow rapidly with the construction and operation of a large number of sludge treatment plants. The company's 10,000 ton CPAM project has been put into operation. The product has both quality and cost advantages, can effectively replace imports, and product sales will grow rapidly. Expanding applications in the field of mineral processing, emulsion-type PAM has become a new profitable advantage, and mineral processing is another important application direction for anionic PAM products. The mineral processing industry is in high demand from individual customers. Once successfully developed, it can guarantee stable and impressive sales volume, which is one of the company's current key areas of development. The company has now cooperated with China Alcoa Group to develop emulsion-type PAM products for alumina beneficiation. This year will be one of the new growth points for the company's performance. The marketing research and development center enhances its strength, and lays out the Beijing marketing and R&D center established by a north-south base company in Guangdong, which can effectively integrate Beijing's R&D resources, improve the company's research technology level, and promote the expansion of customer relationships with the three major oil companies. In the future, the company will transform from a simple product supplier to an integrated business of product production and technical support, and actively explore foreign oil production markets. The company's Guangdong subsidiary is targeting the South China and Southeast Asian markets and plans to build a 20,000 ton PAM production line, which is expected to be completed and put into operation by the middle of next year. At that time, the company will have two major production bases in the north and south to cover the national PAM market. Expanding applications in mineral processing, emulsion-type PAM has become a new profit point, and the company expects the company to earn 0.26, 0.29 and 0.32 per share in 2012-14. Oilfield PAM products are making stable profits, and water treatment and mineral processing products are growing rapidly, increasing their holdings and ratings.