In the first half of 2012, Rifa Precision Machinery's profit rose steadily. In the first half of the year, the company achieved operating income of 217 million yuan, a year-on-year decrease of 4.98%; realized a net profit of 59 million yuan, a year-on-year increase of 1.56%. The company's net profit grew against the trend, leading the industry. The company has significant competitive advantages, which are mainly reflected in three aspects: First, the company highlights its main business and achieves high profitability; second, the company’s management has clear business ideas, and continuously adjusts its product structure to adapt to market needs; third, the company Adopt a market-oriented sales mechanism to realize the sales principle of "every order must be contended". The fund-raising project will reach production by the end of the year. The company's fund-raising project RF system CNC machine tool technology transformation project and bearing grinding and super automatic line technology transformation project are expected to reach production by the end of 2012. After the production capacity is reached, the current profit forecast and company valuation of 278.85% will be: the company's 12 and 13 year earnings per share are expected to be 0.70 yuan and 0.85 yuan, respectively, based on the closing price of 12.12 yuan on October 15, the company's 12 years and 13 years The corresponding price-earnings ratios are 17.31 times and 14.25 times respectively, maintaining the "overweight" rating.