valuations

According to the prospectus price of HK$0.83 to 1.09, the price-earnings ratio of Optics Valley Union in 2013 was 7.8 to 10.2 times, and the market account ratio was 1.5 to 1.7 times. The price-earnings ratio of the similar industry, Huanan City (1668.HK) on the market, is 8.8 times, the market account ratio is 1.5 times, and the company's valuation is in line with its peers. According to the 2013/9 financial report, the company's operating cash flow was negative, the capital to debt ratio was 147.5%, and the net debt-to-equity ratio was 87.1% (2012/12 18.8%), and the return on equity fell to 12.6% from 20% in 2012/12. Even though most of the secondary fund-raising purposes were used as development projects, all indicators of the company's performance for 2013/9 showed signs of deterioration. However, since the overall industry is growing stronger, investors are advised to buy in small orders.