Event: The company released its performance forecast for the first three quarters of 2018. Net profit attributable to shareholders of listed companies was 112 million yuan to 122 million yuan, an increase of 5% to 15% over the previous year. Rapid product layout and steady growth in performance: The company increased capital and acquired Xinyu in Changsha. Through this acquisition, the company's development space has been broadened and its overall competitiveness has been enhanced. Net profit attributable to shareholders of listed companies for the first three quarters of 2018 was 112 million yuan to 122 million yuan, an increase of 5% to 15% over the previous year. Furthermore, in the first half of the year, the company reached a cooperation with Sinochem Xinbao and acquired Gelin Guang through technology exports. This move will help the company quickly deploy light-curing products, enhance the company's competitiveness, and further strengthen the company's technological and market position in the light-curing industry. Leading high-quality UV electronic chemicals with strong long-term growth momentum: The company is a leading domestic high-quality UV electronic chemicals enterprise. Its main products are special chemicals for photoresist, and its main downstream areas are printed circuit boards (PCBs), displays (LCD/OLED), and semiconductors. The company will enter a period of capacity expansion, and its layout in OLED materials and UV inks/coatings is also expected to open up new growth space. Leading PCB materials have significant advantages, benefiting from the expansion of downstream demand: the company's PCB photoresist special chemicals are mainly used in the production of PCB dry film photoresists. The company is in a leading position in the world in the field of PCB photoresist special materials. Its main customers include global PCB dry film giants. In the future, it will fully benefit from the growth recovery and eastward shift in production capacity in the global PCB industry. Display materials are thick and thin, and the OLED layout opens up a new blue ocean: the company's special chemicals for LCD photoresist are used in the production of LCD color filters, and it is expected that in the future, with the investment of production capacity, it will still provide sufficient impetus for the company's profit growth. The company joined hands with Yulei Optoelectronics to lay out the OLED light-emitting materials business. The business is expected to exceed expectations. Seize the opportunities of the times and embark on a new journey in the semiconductor field: the semiconductor photoresist specialty chemicals industry chain is highly coincident with the PCB/LCD photoresist chemical industry chain. The company has natural technological accumulation and customer advantages in the field of special chemicals for semiconductor photoresists. In recent years, the company's semiconductor-specific chemicals business has maintained rapid revenue growth, and a breakthrough from quantitative to qualitative change is imminent. UVLED coatings benefit from stricter environmental policies, leading the world to welcome a new era of development: as an environmentally friendly coating with zero VOC emissions, demand for UVLED coatings is expected to explode, driven by environmental policies. The company is fully prepared in the UVLED field and has a world-leading patent layout. It is expected to fully benefit from the surge in demand for UVLED coatings, and there is plenty of room for imagination in future revenue growth. Among them, the trend of UVLED ink replacing traditional gravure ink has gradually become clear, adding 50 billion UVLED ink market space, opening up the ceiling for the company's long-term development. Investment suggestions: It is estimated that the company will achieve performance of 156 million, 246 million, and 301 million in 2018-2020, corresponding to PE45.26X, 28.65X, 23.45X, giving it a “highly recommended” rating. Risk warning: Business progress in the OLED, semiconductor and UVLED fields fell short of expectations.