Robot: Mechanical Automation replacement of artificial is the general trend

Events: The company and Shenyang Aerospace Xinle Limited Liability company signed a special robot agreement. Protocol object: One of Special Robot series-Automatic reprint robot system. Terms of entry into force: agreement signed and sealed by both parties. Terms of implementation: End of 2012 all completed.　　Agreement amount: Estimated RMB 1.5-160 million yuan, Shen Analysis: 1. This agreement is expected to achieve a net profit of RMB 320.04 billion in 2011, which is expected to have a positive effect on the company's 2011 operating performance. 2.　　The signing of this agreement has no significant impact on the independence of the company's business, the main business will not be due to the implementation of the Agreement on the Shenyang Aerospace Xinle Limited liability company to produce dependence.　　3. The implementation of this agreement expands the company's business areas, the company's special robot products into the military market, become a new profit growth point, the company's future development has a significant far-reaching impact. 4. The company yesterday closing price corresponding PE (TTM) is 120X, short-term valuation is higher, but the long-term prospect is worth looking forward to.