From January to September 2009, the company achieved operating income of 524 million yuan, a year-on-year decrease of 15.76%; operating profit of 179 million yuan, a year-on-year decrease of 11.82%; net profit attributable to owners of the parent company of 131 million yuan, a year-on-year decrease of 10.9%; realized earnings per share of 0.089 yuan; of these, in July-September, net profit attributable to the parent company was 562.18 million yuan, a year-on-year decrease of 6.35%; and achieved an EPS of 0.038 yuan. Performance rebounded slightly month-on-month. In the third quarter, operating income fell 2.33% month-on-month, and operating costs increased 1.54% month-on-month, yet net profit attributable to owners of parent companies increased 4.94% month-on-month, mainly due to a sharp decrease in financial expenses. Cargo throughput continues to grow, and foreign trade has clearly rebounded. Since the growth rate of cargo throughput declined in October 2008, there has been a continuous recovery since February 2009. From January to September 2009, Jinzhou Port completed a total cargo throughput of 386.21 million tons, an increase of 6.7% over the previous year. Among them, foreign trade import and export cargo throughput reached 3,545 million tons, an increase of 20.9% over the previous year; container throughput reached 526,000 TEUs, an increase of 9.8% over the previous year. Coal is one of the main and indispensable commodities and has become the most important source of profit. Jinzhou Port is the only port of entry for coal in eastern Inner Mongolia in the future, and will become an important energy transportation base for China's “north-south coal transportation”. At the end of 2008, the entire 331-kilometer Chidabai (Chifeng-Daban-Baiyinhua) railway line was completed, and construction of the Jinchi (Jinzhou-Chifeng) railway also began on June 19, 2008, and is scheduled to be completed by the end of June 2011. The completion of the Jinchibai Railway will form a channel for coal resources from East Mongolia to the sea via Jinzhou Port, making Jinzhou Port an important energy transportation base for the “transportation of coal from north to south” in China. The company's future focus is on building coal handling terminals that match major coal transportation corridors. China Power Investment Corporation and China Resources, two major power groups, built eight specialized coal terminals of more than 50,000 tons at Jinzhou Port. The entire project will have a throughput capacity of nearly 100 million tons per year after construction. Additional distribution to the port of Dalian has been completed, and further integration is expected. The company completed targeted additional issuance to Dalian Port Group Co., Ltd. in March 2009. After the issuance, Oriental Group held 19.73% of the shares, and the Dalian Port Group held 19.44% of the shares as the second largest shareholder. In the future, it is very likely that the Dalian Port Group will take the opportunity to become the largest shareholder. At that time, the integration of the two ports will become more obvious. Risk warning: Maintain profit forecasts of 0.12 yuan and 0.15 yuan for 09-10 years. We are optimistic about the prospects of Jinzhou Port becoming a large port of 100 million tons after the completion of the Inner Mongolia Coal Transportation Corridor, but it is still a long time until the railway and supporting terminals are completed, so it maintains a “neutral” rating. Investors are reminded of the transactional investment opportunities brought to the company by driving coal in the fourth quarter of winter.