Profit forecast and valuation
It is estimated that the EPS of the company from 2012 to 2014 is 0.68,0.87 and 0.97 yuan respectively. With reference to the price-to-earnings ratio of similar listed companies and the characteristics of the company's product structure, the company is given 25-28 times PE in 2012, corresponding to a reasonable price range of 17-19.04 yuan.