The production line is mainly used in producing PVC, PE multiple-hole pipe. The produced pipes is widely used in laying optical cable.

本生产线主要用于生产PVC、PE多孔管，生产的管子广泛适用于穿、放光电缆。

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The trailing twelve months PE multiple of 16x is less than the industry average of 22x.

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Again another indication that meaningful expansion of the PE multiple could be difficult.

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The chief argument I hear being made against this being a secular bull is that no prior secular bull has ever begun from a PE multiple above ten on the broad market.

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