Incidents We recently conducted research on public transportation. The main content of the investigation and our views are as follows: The company's main business is stable, and the World Expo can bring a certain amount of growth to the company. The company has many business sectors, including the transportation industry, logistics industry, travel service industry, real estate industry, finance and equity investment industry in five major sectors. The company mainly focuses on transportation services. The 370 taxis added to the rental industry this year did not contribute much to the company's profits. In terms of car rental, the company has 3,500 cars, which are mainly chartered by foreign companies and five-star hotels. This portion is expected to increase by about 8%. The company's logistics industry includes three parts: distribution, warehousing and freight forwarding. The delivery business has become the focus of the continuous development of mass logistics companies through continuous optimization and integration. It is expected to grow by more than 5% this year due to the impact of the World Expo. International freight forwarding companies will also grow by 15% to 20% in the face of economic recovery. Overall, the entire logistics business is expected to reach 10% growth. The company's other business conditions in the tourism and catering industry have been affected by economic improvements and World Expo factors, and the performance has been relatively good. Furthermore, the occupancy rate of the company's airport hotels has also been relatively good in recent times. This part of the business is expected to reach 15% to 20% growth this year. In terms of real estate business, since it is not the company's main business, there are few newly completed projects, and there are basically few existing real estate projects left, so this part of the business is likely to continue to shrink. The highlight of the company's business is investment income. The company holds shares in many companies, and some of the shares are shares of listed companies, so the company's future investment income is still guaranteed, but this portion of income is relatively high and fluctuates quite a bit when the market is relatively good. Investment rating: The company's earnings per share for 2010-2012 are estimated to be 0.29 yuan, 0.29 yuan, and 0.30 yuan, respectively, and the corresponding dynamic price-earnings ratios are 32 times, 32 times, and 30 times, respectively. We give an investment rating of “increased holdings”. Profit risk: The company's investment returns did not meet expectations, and there were major problems with the recovery of the international economy