The company now issued 26 million A-shares, with a total share capital of 104 million shares after issuance. Lin Pingtao, the largest shareholder of the company, holds 22.504 million shares; the actual controllers are the Lin Pingtao family. The company's main business includes chicken powder, chicken essence, chicken juice, custard powder, wasabi, and corn bran. Among them, chicken powder and chicken essence are the company's two main products. The company is the second largest enterprise in the domestic chicken powder market after Unilever (China), with a market share of 19% in 2008; the total market share of chicken essence and chicken powder was 7%, ranking among the top three in the industry. The company is in a good market environment. The economy continues to grow, consumption is constantly being upgraded, and people's high requirements for the taste and nutrition of food are driving the rapid development of the condiment industry. Independent research and development capabilities drive the company's performance to continue to grow. Chicken powder products are the company's dominant products. Their market share is second only to Unilever (China)'s Knorr chicken powder, ranking second in the domestic market, with a market share of 19%. The company's original “concentrated chicken powder and production process” has obtained a national invention patent, and “heat reaction technology between yeast extract and fresh chicken powder to enhance flavor”. The company has systematically mastered the core technology of extracting animal extracts rich in various amino acids, peptides, and flavored mononucleotides using modern bioengineering technology using fresh chicken, chicken bones, etc. as raw materials. Based on this, the company's products are healthy, diverse, and have unique flavors. Analysis of the investment direction of equity funds. The funds raised were used for 20,000 tons of chicken essence and chicken powder production base construction projects, technology research and development center construction projects, and marketing network construction projects. The investment amounts were 160 million yuan, 75 million yuan and 15 million yuan respectively. It is expected that after the completion of the project and delivery, the production capacity of the company's main products, chicken powder and chicken essence, will increase from the current 12,000 tons to 32,000 tons. The main risks faced by the company: market competition risk; technology risk and food safety risk. Profit forecasts and valuations. The company's EPS for the year 10 and 11 is expected to be 0.72 yuan and 0.92 yuan respectively; we believe that the company's reasonable price-earnings ratio level should be between 45-60 times. According to the predicted performance for 2010, the reasonable value range of the company's stock after listing should be between 31.5 and 42 yuan.