Profit forecast

At present, the company is mainly engaged in supporting machinery, safety drilling rigs, tunneling equipment and transport machinery and other coal machinery. We make a comprehensive reference to the valuation levels of relevant machinery listed companies and recent listed small and medium-sized board stocks, combined with the company's current fundamentals and future development prospects, we think that its reasonable valuation range should be 22-23 times, based on the total current share capital of 50 million shares, 2012 forecast earnings per share 0.36 yuan. The corresponding target price range should be 7.92 yuan-8.28 yuan.