The company is a leading enterprise in the modified asphalt industry in China. From 2005 to 2007, the company's products accounted for more than 15% of the modified asphalt market for newly built expressways in China, ranking in the top three in the same industry in China. In the same period, the market for newly built high-speed kilometers in Hubei, Shaanxi, and Guangxi ranked first. The company is close to the main business of Luxiang Co., Ltd., and has strong comparability. According to our estimates, in 2008, the cumulative amount of modified asphalt of Guochuang Hi-Tech was close to that of Luxiang Co., Ltd., and the sales ratio of Guochuang Hi-Tech's modified asphalt was high. The main reason may be that Guochuang Hi-Tech has abundant cash flow: the modified asphalt sales model takes up a large amount of capital. The gross margin of Guochuang Hi-Tech's heavy duty asphalt sales business is high, contributing greatly to performance. The main reason is because the company uses working capital to store asphalt for the winter in a planned manner. Taking advantage of this advantage, the company can reserve the raw material asphalt when the contract is signed to avoid the risk of a sharp rise in raw materials. Judging from industry trends, competition has intensified in recent years, and the gross margin of modified asphalt sales is declining. The laying of modified asphalt is in the final process of the entire road construction process. The expressways that have been accelerated from the end of 2008 will enter the asphalt construction period one after another in 2010, and the industry will enter a period of rapid growth in the next two years. It is expected that the reasonable price range of the company's A shares after listing should be between 18.40 and 21.30 yuan.