The 2011-2013 profit forecast will not be adjusted for the time being, and the “increase in holdings” rating will be maintained. Considering that there is uncertainty about the timing of merger and acquisition approvals and manufacturing and operating cost improvements, we will not adjust future annual profit forecasts, maintain the 2011-2013 EPS = 0.48/0.68/1.02 yuan, and continue to maintain the “increase in holdings” rating. Investors are advised to pay active attention. We believe that the extended expansion of overfunded mergers and acquisitions confirms that we were optimistic about the growth model of the company's product line and marketing channels, while also further enhancing the competitiveness of high-end brands+overall solutions.