| 1. To develop PCB business, home industry | | | | next 2 years will maintain rapid growth, accounting |
| competition top. | | | | for revenue and profits will be further enhanced. |
| Company's main businesses include PC and related | | | | 2.PC business to stable development. |
| products and Printed circuit board (PCB) production | | | | PC business, the company's target was to maintain |
| Sell , Which, PCB business is now the major fund | | | | sales volume, stable market share and achieve |
| companies to invest. 2006-2008, the company's PCB | | | | steady growth. Statistics show that in 2008, the |
| business revenue compound annual growth rate of | | | | company PC market share of about 7.5%, ranking |
| 57%, in the economic downturn in 2009 has about | | | | second domestic manufacturers, the fourth overall |
| 30% increase. The company acquired in 2003, Zhuhai | | | | market. The current highly competitive PC industry, |
| Founder Technology Multilayer PCB Co., Ltd., officially | | | | subject to price wars and low-cost firms to enter the |
| entered the PCB industry. At present, the company's | | | | Home Appliances Countryside and other effects, |
| PCB business, production, sales and management are | | | | from January to June 2009, the company PC |
| still mainly concentrated in Zhuhai, Chongqing and | | | | operating margin fell 0.72 percentage point to 5.98%. |
| Hangzhou, both the layout, but the income share are | | | | This part of the business is expected to maintain the |
| small. | | | | existing scale of contribution to the stability of |
| The company's PCB business products for the HDI, | | | | income. |
| high-multilayer and the system backplane, which the | | | | 3. Wait for the allotment approval, currently no asset |
| higher gross margin HDI PCB board sales accounted | | | | injection plan. |
| for 55% of total business income, back about 25%, | | | | Prior to that, because Financial Soros expressed |
| multiply about 15%. HDI board is mainly used for | | | | investment interest of the Founder Group, Founder |
| high-end mobile phones Electronic Consumer goods, | | | | Group, led all of the concerns of a possible asset |
| the company mainly downstream mobile phones, | | | | injection. Founder Group as the only A-share listed |
| switches and other communications industries and | | | | companies, said the program is currently before the |
| enterprises, the main customers of Huawei, day | | | | placement of shares proposed to raise funds for |
| language, Dragon flag, ZTE. Company raised in the | | | | expansion projects and the replenishment of |
| previous HDI project has reached production in | | | | Chongqing, Zhuhai, HDI PCB Industrial Park, there is |
| Zhuhai, with the main production system backplane | | | | no short-term assets into the plan. |
| industrial park in Chongqing PCB production, PCB | | | | 4. Profit forecast and rating. Expected 2009,2010 and |
| production capacity will further enhance the company | | | | 2011, the company earnings per share were 0.05 |
| in a good market environment and production | | | | yuan, 0.08 yuan and 0.11 yuan, according to |
| company operating under normal conditions, is | | | | December 8, 2009 closing price of 5.32 yuan, and the |
| expected to the year 2010, the company HDI | | | | corresponding dynamic price-earnings ratio of 106 |
| production forecast of about 4 million feet. Backplane | | | | times, 66 times and 48 times, we are optimistic |
| and system board production forecast to reach | | | | about company's PCB business, but considering the |
| about 3 million feet. Company is carrying full load | | | | company's current valuation higher, maintaining the |
| capacity, expanding production capacity is conducive | | | | "neutral" investment rating. |
| to business income of the company's rapid | | | | 2009 special printing industry, China's top ten selection |
| development PCB. We believe that the company's | | | | screen voting hot in ... ... |
| PCB products will be market demand for support, the | | | | |