The company released today its 08Q1 report: in January-March 08, the revenue achieved 146 million yuan, an increase of 18.90 percent yoy; operating profit: 8.181 million yuan, an increase of 6.12 percent yoy; net profit to the parent company: 5.211 million yuan, an increase of 12.31 percent yoy; EPS: 0.015 yuan; maintain "neutral" investment rating. The company noticed Q1 showed a small increase growth in revenue and operating profit. It has been basically finished transformation from the traditional power business to leading development in software outsourcing and pharmaceutical business, entering a period of smooth development. The company’ period cost was 30.88 percent, an increase of 4.42 percentage points yoy, mainly due to growth in sales costs and management fees as well as market development cost. We expect the company to see 08-09 EPS at 0.08 yuan and 0.11 yuan respectively with the corresponding dynamic price-earnings ratio at 177x and 127x. "Neutral" investment rating is unchanged.