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Zhongyuan Securities

In the third quarter of 2012, benefiting from the middle and low-end smartphone market, the company's performance maintained a high growth trend. In the future, large and medium-sized intelligent terminals will drive the demand for low-cost touch screens, and the camera module business will become a new profit growth point. It is estimated that the EPS from 2012 to 2013 will be 1.53 yuan and 2.15 yuan respectively, and the corresponding P/E ratio will be 26.20 times and 18.73 times based on the closing price of 40.18 yuan on the 22nd day, giving the rating of "overweight".