Excerpts:

In 07, turnover of the company was 8.709 billion yuan, up 5.9 percent yoy; operating profit: 2.288 billion yuan, an increase of 12.6 percent yoy; net profit attributable to the parent company: 1.726 billion yuan, up 12.2 percent yoy; fully diluted EPS: 0.72 yuan; distribution plan: 3 yuan (pre-tax) for each 10 shares. The company was listed in Shanghai in July of 07 as China's second largest lead concentrate producer, fourth largest lead concentrate producer and seventh largest copper producer and operates smelting and refining business of lead, zinc and aluminium. During the reporting period, output of the company’s mineral products and refining products was basically the same as last year. In 08, the company will see poly-metallic development with smelting capacity expansion of copper, zinc and lead. Mine exploration needs further observations. It is expected that net profit attributable to the parent company in 08 will rise by 31.5 percent with EPS at 0.87 yuan in 08 and 1.16 yuan in 09. "Overweight" rating is initially given.