Push for a deep distribution model and break through next year, key provincial companies promoted the deep distribution model in Henan in 2006, and established first-level distributors in counties, making a major breakthrough in sales. After listing, with sufficient financial strength, the company plans to double its sales staff next year, select key provinces in Northeast China and East China to implement in-depth distribution in second- and third-tier cities, and strive for a breakthrough. In addition, retail channels also plan to promote development outside of Henan through the development of channels and the implementation of the Ten Thousand Stores Project. Self-production of raw materials has technical advantages Customers will rely on product flavors. Companies believe that their main technical advantage lies in the extraction of chicken paste, and many domestic small and medium-sized enterprises cannot fully possess it. The cost of the company's homemade chicken paste is much lower than that of external purchases, so it has an obvious quality advantage compared to domestic brands. There are slight differences in the taste of products from different companies, making catering customers dependent on the company's products. There is a possibility of a sharp price increase in the near future, starting next year, Knorr, a leader in the new production capacity construction industry, has recently raised prices by 19%, and the company is also likely to start raising prices in the near future. On the other hand, the company believes that the fund-raising project will be put into operation in 2012, so it plans to use the overraised capital to begin the second phase of 40,000 tons of production expansion work in '11. There are clear guarantees for the company's medium- to long-term growth. The stock price is close to the issue price, and the increase since the company's performance has released momentum has been small since the company went public, and the stock price in the secondary market is very close to the issue price. We anticipate that the company still has the possibility of subsequent financing, so the company's obvious performance has unleashed momentum. Especially after listing, capital accumulation is high, and there is plenty of room for annual reporting. We gave a “recommended” rating for the first time. We expect the company's EPS for 10-12 to be 0.63, 0.77, and 0.94 yuan, respectively, and the dynamic price-earnings ratio corresponding to the current stock price is 51, 42, and 34 times, respectively. According to the above estimates, profit growth in the fourth quarter of this year is expected to exceed 50%. The company believes that price increases, deep distribution, and lower financial expenses will all push the company's performance to maintain relatively rapid growth in the next few years. Among small and medium-sized board companies, the company's valuation is relatively low. The future growth is clear, suitable for small to medium investors, and the initial rating is “recommended.”