Xiamen Cinda is mainly engaged in aluminum electrolytic capacitors, foreign trade and real estate business. The EPS in 05 and 06 was 0.13 yuan and 0.15 yuan. Xiamen Cinda has a comprehensive annual production capacity of 3 billion aluminum electrolytic capacitors. In 2006, the company achieved sales of 220 million yuan of aluminum electrolytic capacitors, a year-on-year decrease of 24%, and a gross margin of 14%. The main reason for the decline in sales is that the company's products are mainly supplied to traditional CRT manufacturers, and capacitors for LCD display applications have not yet been certified. The first domestic inverted electronic label production line introduced by the company from abroad has not yet been produced on a large scale, with revenue of only 340,000 yuan in 2006. The company's foreign trade business achieved revenue of 5.116 billion yuan in 2006, an increase of 85% over the previous year, and gross margin also increased from 2.5% to 2.93%, which was the main driving force for the company's performance growth in 2006. Among them, revenue related to sales of automobiles and spare parts was 690 million yuan, and net profit was 11.4 million yuan. In 2006, the company's real estate business achieved sales of 151 million yuan, a year-on-year increase of 45%, gross margin of 34%, and net profit of 30.33 million yuan, mainly from the Xiamen Company, which holds 95% of the shares, and the Zhangzhou Company, which holds 70%, 42% and 60% of the company's shares. In 2007, Huainan, Hengyang, and Hunan Yuexi Real Estate, which holds 70%, 42%, and 60% of the company's shares, will also begin operations. Among them, the first phase of the Huainan company's “Jinxiu Kangcheng” commercial housing project has completed preliminary preparations and entered the construction stage. The company's development focus is on the electronics industry. On May 29, 2007, the company announced the acquisition of 10% shares of Xiamen San'an Electronics for 150 million yuan, with a price-earnings ratio of 25 times and corresponding net assets of 35.26 million yuan. If Xiamen San'an Electronics does not go public for the first time within 3 years, the San'an Group assumes responsibility for the repurchase. The market share of San'an Electronics in domestic LED epitaxial films and chips reached 58%. In 2006, the company achieved sales of 289 million yuan and net profit of 63.12 million yuan. We think it is more likely that Sanan Electronics will go public within 3 years. If San'an Electronics goes public in this bull market and is positioned at a price-earnings ratio of 40 times, the company will receive an investment income of 90 million yuan.