The core suggests that fundamentals have begun to reverse. Incremental demand for environmental VOCs monitoring and control during the 13th Five-Year Plan period is worth looking forward to. The potential for epitaxial expansion is high, and the PB valuation is low, making it a good medium- to long-term allocation target. Highlights of the report summary. The interim results show that the company's fundamentals have begun to reverse. The monitoring and control of environmentally friendly volatile organic compounds, which was highlighted in the interim report, is an incremental market at the level of 10 billion dollars or more. Judging from the comparison of listed companies related to environmental analysis and monitoring, Tianrui Instruments has an advantage in valuation and potential for epitaxial expansion. Company profile. Tianrui Instrument, 300165, leading chemical analysis instrument, was launched in early '11. The products are mainly fluorescence spectrometers, mass spectrometers, online monitoring and analysis instruments, etc. It is mainly used in industry, environmental protection, food safety, medical treatment, inspection and quarantine, scientific research, etc. Industries mainly include testing toxic and harmful elements in electronic appliances, and monitoring of input elements in steel and cement production processes. The interim report indicates a reversal in fundamentals. Volatile organic compounds (VOCs) monitoring and control is a major market in the 13th Five-Year Plan. It has the advantage of epitaxial potential and valuation advantage. Overview. Based on the above, the company's fundamentals have begun to reverse. Incremental demand for environmental VOCs during the 13th Five-Year Plan period is worth looking forward to. The potential for epitaxial expansion is high, and the PB valuation is low, making it a good medium- to long-term allocation target.