Valuation

Based on the expected core profit of 170 million yuan for the whole year, the current price-to-earnings ratio is only 5 times. The expected dividend yield is between 4.2 and 6.4%. This valuation is still very underestimated, even though the stock price has risen by more than 60% from the low level, but we Don’t forget that the offer price is 0.5 yuan, and the current price is still lower than the offer price!
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Let me briefly talk about the interim results.

Revenue increased by 35% to 836 million yuan, gross profit increased by 29% to 184 million yuan, gross profit margin decreased slightly by 1% to 22.1%, net profit increased by 10.5% to 88.4 million yuan, but if one-time gains and losses were eliminated, core profit From 80 million yuan in the same period last year, the growth rate was 20% to 96 million yuan this year, and the core profit per share was as high as 5.2 cents.
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