In 07, the annual revenue was 2.896 billion yuan, up 5.2 percent yoy; net profit attributable to the parent company: 205 million yuan, an increase of 178.89 percent yoy; earnings per share: 0.73 yuan. During the reporting period, software outsourcing business achieved revenue of 83.9 million US dollars, an increase of 51 percent yoy, thereby giving impetus to the growth of operating revenue. As domestic software business saw improved gross margin and the proportion of high-margin software outsourcing business was enlarged, gross margin of the company's main business gained a year-on-year increase. The company has completed the implementation of overall listing and we continue to be optimistic about the future high growth of the software outsourcing business. It is expected that the company's leading position in the software outsourcing industry will guarantee an average annual growth rate of 45 percent for its outsourcing business in the next five years. EPS is forecasted to be 1.16 yuan in 08 and 1.53 yuan in 09 with 27xPEG and 21xPEG respectively. The recent drop of stock price made valuation below a reasonable level and investment rating is lifted from "neutral" to "overweight".