Looking at profit forecasts and investment recommendations as a whole, it is relatively unlikely that the company's traditional business will improve significantly in 2012, and the company's performance still depends on the performance contributions of its holding and participating subsidiaries. Although the company sold 16% of Jinhui Hi-Tech's shares, looking at Jinhui Hi-Tech's 2012 production capacity increase profit forecast and investment recommendations, it is relatively unlikely that the company's traditional business will improve significantly in 2012, and the company's performance still depends on the performance contributions of its holding and participating subsidiaries. Although the company sold 16% of Jinhui Hi-Tech's shares, the support of Jinhui Hi-Tech's increase in production capacity in 2012 on the company's performance will mitigate the impact of the decline in equity income brought about by the decline in the company's shareholding ratio to a certain extent. DuPont Hung Kai's business will remain relatively stable. Real estate projects will support the company's performance in 2013. We expect the company's EPS from 2012 to 2014 to be 0.248 yuan, 0.403 yuan, and 0.444 yuan, respectively, corresponding to PE 37.27 times, 22.91 times, and 20.77 times, giving a recommended rating for the first time. Investment risk 1. The new production capacity of the subsidiary failed to reach production on time; 2. The gross margin of the product fell sharply. Adding support to the company's performance will mitigate the impact of the decline in equity income brought about by the decline in the company's shareholding ratio to a certain extent. DuPont Hung Kai's business will remain relatively stable. Real estate projects will support the company's performance in 2013. We expect the company's EPS from 2012 to 2014 to be 0.248 yuan, 0.403 yuan, and 0.444 yuan, respectively, corresponding to PE 37.27 times, 22.91 times, and 20.77 times, giving a recommended rating for the first time. Investment risk 1. The new production capacity of the subsidiary failed to reach production on time; 2. The gross margin of the product fell sharply.