Shanghai new molecular sieve Ltd. - sieve selling expenses increased mainly freight and payment of commission occurred in Q1 (the commission last year occurred in Q2) Q1 sales result in large cost increases; administrative expenses increased primarily zeolite OLED new product development and other products resulting in increased R & D investment. Estimated annual cost effective control should be no problem, the increase should be quite reasonable control at the level of revenue growth. Amorphous business continued rapid growth will boost annual results: LCD business short-term pressure will have a negative impact on the performance of the company in the first half, but we judge panel of business start-up and mixed grain companies phased transfer of production capacity in Tangshan zeolite, the future is still new demand 200-300 tons of space, in the long run is still worth the wait. Downstream of the three companies share the basic stability of the mixed crystal, crystal also share the company remained stable from January to February enterprise global panel shipments rebounded slightly Baotou sieve, mixed grain business inventories are expected to consume accelerate in the second half restocking demand will stabilizes. Despite the solid equity investment projects turn bring increased depreciation zeolite, but the company's consolidated gross margin reached 29.35% still maintained at 29% -30% of the average level for several quarters. Costs, selling and administrative expenses increased by 76.95% and 24.83% Anshan zeolite, due to the cost of a single quarter larger impact on performance, caused by single-quarter operating profit decline than expected. Selling expenses increased mainly freight and product expansion and product support have expanded into the Euro 5 standard systems market is expected to continue to maintain the product is expected to grow rapidly. Furthermore Medications project years can obtain 高标准 certification, this year will be able to get sales, valuation and performance will also have a positive boost. Our steady rise in the second half of the liquid crystal is more optimistic, and more determined amorphous high-growth business, which is expected to boost full-year results. Risk Warning: LCD business needs fluctuation risks; exchange rate fluctuation risk. Zeolite | Dalian sieve | new molecular sieve (certified merchants) from Shanghai there are new molecular sieve Limited. Shanghai new molecular sieve Limited (www.molsionms.com) in this field elemental devoted boundless enthusiasm and passion, there is a new molecular sieve has been customer-centric, for customers to create the concept of value, quality, service to win the market, sincerely hope to cooperate with the community to create success, create brilliant. Welcome to the relevant business information, Contact: Mr. Pan.