The profit forecast estimates that the company's 2011-2013 EPS will be 1.26, 1.86, and 2.44 yuan, respectively. The company's total industrial output value ranks fourth in the industry. It is one of the largest manufacturers of functional composites, components and components for electrical contact in China, and will benefit from the transformation and construction of the national power grid. Considering that the current market sentiment is low and there are many factors of instability in the domestic and foreign economic environment, we think it is reasonable to give the company a price-earnings ratio of 25-30 times in 2011, and the corresponding price is 31.5-37.8 yuan.