Finance and valuation. In view of the company's divestment of the coal mining business, we lowered our forecast that the company's earnings per share for 2012-2014 would be 0.36 yuan, 0.44 yuan, and 0.55 yuan, respectively (2012 and 2013 were 0.57 yuan and 0.75 yuan), respectively. Of these, investment income contributed 0.02 yuan and the coal machinery business contributed 0.34 yuan in 2012 results. According to the valuation situation of comparable companies, the valuation was based on PE 20 times the performance of the media machinery business in 2012, corresponding to the target price of 6.80 yuan, maintaining the company's holdings growth rating.