The company reported annual operating revenue of Rmb19.37bn (+61.3% yoy), net profit attributable to parent of Rmb810mn (+31.3% yoy) and net profit of Rmb0.49, slightly higher than our expectation, Rmb0.44; besides, the company distributed dividend of Rmb1.30 for every 10 shares.
It is forecasted the company’s 2009-2010E EPS are Rmb0.57 and Rmb0.74 respectively, and “Overweight” rating is maintained.