Summary of the results for the first three quarters of 2009. From January to September 2009, the company achieved operating income of 125 million yuan, a decrease of 28% compared with the same period last year; operating profit was a loss of 29 million yuan, an increase of 30% over the same period last year; net profit belonging to the parent company was a loss of 19 million yuan, compared with a loss of 20 million yuan in the same period last year. Among them, the operating income in the third quarter was 44 million yuan, an increase of 30.13% over the same period last year. The net profit belonging to the parent company was a loss of 4 million yuan, and the earnings per share in the third quarter was-0.06 yuan.

Summary of the company's fundamentals: the company's current business includes system integration and software development, municipal infrastructure construction and concentrated juice production, etc., the main business is not prominent, the inter-business structure is unreasonable, it is difficult to adapt to the changes of the market. Affected by the financial crisis and asset restructuring, investment in various industries has shrunk to varying degrees, the company's business volume in system integration and software development business continues to decline, scale effect can not be reflected, affecting profitability; the export business of concentrated fruit juice is still facing multiple adverse factors such as the decline of international purchasing power and the acquisition competition of orchards, which makes the income continue to decrease during the reporting period. Although Jingfa Infrastructure Engineering Company has certain market advantages in the development of this region, the business still needs to further improve its construction qualification. at present, there is a great risk of uncertainty in the market bidding.

Analysis of the future development of the company. The company intends to replace the 100% equity of Xi'an Jingfa Real Estate Co., Ltd. held by Xi'an Jingfa Group Co., Ltd., the largest shareholder of the company, and place the value of the assets in excess of the value of the assets, which shall be paid by the company by issuing shares to the major shareholders. The transaction prices of the placed assets and the placed assets in this transaction are based on the assessed value and determined through consultation between the two parties to the transaction. The transaction price of the purchased assets is 611.3414 million yuan, and the transaction price of the purchased assets is 161.268 million yuan. The asset replacement plan has been reported to the CSRC for approval.

Risk hint: uncertainty of major asset restructuring.