The company's operating income for the first three quarters was 1.98 billion yuan, down 4.3% year on year, and net profit attributable to shareholders of listed companies was 365 million yuan, up 13.4% year on year, and earnings per share of 0.23 yuan. Quarterly revenue for the third quarter was 680 million yuan, down 9.8% year on year, net profit was 147 million yuan, up 69.3% year on year, and earnings per share were 0.093 yuan, exceeding our previous expectations. The sale of financial assets is progressing faster than we had previously determined. The company sold shares such as Everbright Securities in the third quarter and received investment income of 129 million yuan, a sharp increase of 625% over the previous year; the total profit from the sale of financial assets in the first three quarters was 283 million yuan, an increase of 64% over the previous year. The pace of selling financial assets is significantly faster than historical levels. Financial equity has great potential for value-added. The company currently holds 40 million shares of Everbright Securities (cost price: 2.75 yuan/share), Jiaotong University Onli 50 million shares (cost price: 1.02 yuan/share), and Guotai Junan Securities: 154 million shares (cost price: 0.77 yuan/share), and the financial equity held has great potential for value-added. The main operating performance is generally stable. Excluding the impact of “other operating income,” the main business achieved operating profit of 135 million yuan in the first three quarters, an increase of 10.4% over the previous year. Two new microfinance companies were added to the consolidated statement this year, achieving interest income of 55.86 million yuan in the first three quarters, offsetting the negative impact of the declining performance of the real estate sector. The transportation and tourism services sector is running smoothly. “Cautiously increase holdings” rating. If the pace of stock sales follows the historical average, the company's earnings per share for 2012-14 are maintained at 0.28 yuan, 0.30 yuan, and 0.31 yuan, respectively, and the target price is 6 yuan.