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Excerpts:
2008 Interim Report: in 1H2008, the company realized operating income of Rmb449mn, an increase of 60.1% yoy; operating profit: Rmb71.9mn, up 81.9% yoy; net profit contributed to the parent company: Rmb61.01mn, rising 83.69% yoy; diluted EPS: Rmb0.185. We forecast its EPS for the years from 2008 to 2010 will be Rmb0.26, Rmb0.38 and Rmb0.57 respectively, with the corresponding 34xPER, 23xPER and 16xPER. It deserves of "neutral" rating.