1. IPO subscription suggestions: The company is a leading provider of financial cards (magnetic stripe cards and smart cards), card personalization services and on-site card issuance system solutions in Greater China. According to the Frost & Sullivan report, the company is the only financial card manufacturer and card personal service provider in China that has also been certified by six of the world's leading payment card organizations (Visa, Mastercard, American Express, UnionPay, JCB, and Diners Club). The company mainly provides security solutions and services to financial institutions, government agencies and other organizations that issue financial cards. In terms of sales volume, the financial card market in Greater China grew steadily from 2008 to 2012, from 557.7 million cards to 9222.8 million cards, with a compound annual growth rate of 13.4%. As China's economy continues to develop and the urbanization process progresses, it is expected that financial card sales will continue to rise in the short term, reaching about 1.6 billion cards by 2017, or the compound annual growth rate of 8.5% between 2013-2017. In terms of sales, the financial card market in Greater China grew steadily from 2008 to 2012, from RMB 665 million to about RMB 2.4 billion, with a compound annual growth rate of 37.5%, mainly because, driven by the shift to smart cards, the average price of smart cards is expected to be higher, so sales are expected to continue growing. According to Frost & Sullivan's forecast, sales in the Greater China financial card market will increase from 3.8 billion yuan in 2013 to RMB 10.9 billion in 2017, with a compound annual growth rate of 30.1%. According to the prospectus documents, based on double the profit for the first half of 2013, the prospectus price of HK$4.52-5.67 is equivalent to predicting a price-earnings ratio of 17.8 times to 22.4 times. The net value of each share company's adjusted comprehensive tangible assets after taking into account the subscription agreement and interim dividends is HK$1.67 and HK$1.95. The corresponding PB is 2.7 and 2.9 times. The valuations are relatively reasonable, and you can also choose to allocate part of the capital in an appropriate amount.