The main business of the rapidly growing intelligent manufacturing equipment system integration supplier company includes R&D, design, production and sales of automated assembly production lines, automated welding production lines, automated coating production lines, etc. The products can be widely used in automobile manufacturing, construction machinery, logistics and warehousing, home appliances and electronics, modern aquaculture and other industries, and also has the ability to provide customers with automated non-standard equipment to meet their individual needs. The company has established good and stable business partnerships with well-known domestic and foreign automakers such as Dongfeng Motor, Zhengzhou Nissan, Guangzhou Honda, FAW, SAIC, and Vietnam Chenggong, and has developed high-quality customers in the construction machinery industry such as Sany Heavy Industries. Benefiting from lean production and rising labor costs, strong internal and weak automated production lines outside the competitive pattern of the industry belong to the intelligent manufacturing equipment industry. The upgrading of the manufacturing industry and the increase in the degree of automation caused by the shift in production methods to lean will drive the growth of the automated production line manufacturing market; at the same time, the continuous rise in domestic labor costs is also a direct driving force for accelerating the automation of manufacturing processes. Judging from the competitive pattern, foreign-funded enterprises occupy about 70% of China's market share with obvious technological and capital advantages. Currently, only a few highly competitive system integration suppliers and overall solution providers in China, such as Tianqi Logistics Systems Engineering Co., Ltd., Huachangda Intelligent Equipment Co., Ltd., and Mitutoyo Intelligent Transportation Equipment Co., Ltd., can independently undertake large-scale automated production line system projects. Based on the automobile industry and expanding into construction machinery and other fields, the automobile industry's production process is highly automated, and demand for automated production lines is strong. Automated production lines used in the automobile industry account for about 40% of the total investment in automated production lines in the entire society. Furthermore, the application of automated production lines in China's construction machinery industry is in a period of rapid development, and demand for automated production lines is expected to gradually rise in the future. Currently, the company mainly provides a full set of specialized solutions for intelligent automated production line systems for automobile and construction machinery manufacturers, and customers are also mainly concentrated in the automobile manufacturing industry and the construction machinery industry. In the first half of 2011, revenue from automobile manufacturing and construction machinery industries accounted for 92% and 8% of the company's revenue, respectively. Fund-raising projects expand production capacity to drive revenue levels to further increase the company's total share capital before the A-share issuance is 65 million shares, and plans to issue 21.7 million shares, which require a total of 200.86 million yuan in capital. It mainly invests in “automated equipment production line construction projects” and supplementary working capital. The construction period is 1.5 years, and it is planned to add a total of 18 automated production lines such as automated assembly lines, automated coating production lines, and automated welding production lines during the production year. Profit forecasts and investment recommendations expect the company's EPS for 2011-2013 to be 0.65 yuan, 0.80 yuan and 0.91 yuan respectively, and net profit growth rates of 113.87%, 22.83%, and 13.70%, respectively. Taking into account the development prospects of the automated production line equipment industry and the company's competitive advantages, the recommended inquiry range is 14.40-16.80 yuan, corresponding to price-earnings ratios of 22.15-25.85 and 18-21 times in 2011 and 2012, respectively.