China Circuit Technology Corporation met the market's expectation for its earnings per share of RMB 0.24 in 2007, but the LCD segment contributed increasing profit to the company while the PCB segment's development was slower than expected.

The company has received steady and stable orders in 2008 and the credit crunch has not seriously affected the company's businesses. Its HDI, CCL and LCD projects are all completed and running. These projects will support and drive the company's growth in the next a few years. Hai Tong Securities expects the EPS of the company in 2008 and 2009 will be RMB 0.37 and 0.43, respectively, and gives the company an "Add" rating.

Source: Hai Tong Securities