Hello, I would like to ask whether Wande shares are worth buying. Wande shares are worth subscribing. Xi Anwande Energy Chemistry Co., Ltd. (Wande) was established in June 1998 1 1, which is a company specializing in the research and development of microchannel continuous reaction technology and its industrial application. At present, the company mainly serves the downstream fields such as oil blending, oil refining and oil field exploitation, and has formed a customer system with large petrochemical enterprises such as PetroChina and Sinopec as the main body. The company is an early enterprise in China to realize 10,000-ton production by using microchannel continuous reaction technology. It is worth noting that the company's production capacity in isooctyl nitrate is 43,000 tons/year (3,000 tons in Xingping, Shaanxi, and 40,000 tons in Zibo, Shandong). It is one of the main suppliers of diesel cetane improvers in the domestic market, and its downstream applications are mainly used in agriculture, energy, transportation, machinery, electronics, light industry, construction, building materials and other terminal applications. Customer situation, the company's customers are mainly concentrated in large oil production enterprises. The top five sales customers in 2022 are Sinopec, PetroChina, Innocent, Shandong Jingbo Holding Group Co., Ltd./Yifeng New Materials Co., Ltd. and Nayala Energy. The company is a new "little giant" enterprise recognized by the Ministry of Industry and Information Technology, and has undertaken 2 national torch plan industrialization demonstration projects, 2 science and technology SMEs 1 technology innovation fund projects of the Ministry of Science and Technology, and 2 major science and technology industrialization projects of Shaanxi Province. We have obtained 14 patents, including 7 invention patents and 7 utility model patents. According to the prospectus, in 2020 -2022, the company achieved revenue of 358 million yuan, 509 million yuan and 556 million yuan respectively, and the net profit attributable to the mother (after deduction) was 37.9582 million yuan, 7.3466 million yuan and 55.46 million yuan respectively. In the first half of 2023, the revenue was 258.65 million yuan, -7% year-on-year, and the profit attributable to the mother was 243 1 10,000 yuan, +24% year-on-year. It can be seen that Wande shares have good customers, many resources and good returns, and are worth buying.