In the first half of 2010, the company achieved operating income of 8.1497 million yuan, an increase of 44.94% over the previous year; operating profit of 2,675,800 yuan, an increase of 48.25% over the previous year; net profit attributable to the parent company was 1,029,600 yuan, a decrease of 44.90% over the previous year; and achieved basic earnings of 0.008 yuan per share.

Minority shareholders' profit and loss increased dramatically. The main reason for the year-on-year decline in net profit attributable to parent companies during the reporting period was a sharp increase in profit and loss for minority shareholders. Minority shareholders' profit and loss for the current period was 1,416,500 yuan, an increase of 1,487,500 yuan over the previous year, accounting for 57.91% of net profit on consolidated statements.

The ability to operate sustainably has improved. 1) The implementation of the major asset sale plan has been completed.

The company plans to sell accounts receivable and inventory totaling about 163 million yuan at book value to Chongqing Yinxing Economic and Technological Development Co., Ltd., a subsidiary of the controlling shareholder. By April 23, 2010, the implementation of this major asset sale plan was completed.

The implementation of this plan will greatly improve the quality of the company's assets and enhance the company's ability to operate sustainably. 2) The land reserve bottleneck has been mitigated. In April 2010, the company plans to purchase 16 contiguous plots of land with a total area of 109698.04 square meters (equivalent to 164.55 acres) of Tianxian Lake in Wanzhou District, Chongqing, under the name of Chongqing Tianxian Lake Real Estate Co., Ltd., an affiliate of the controlling shareholder Chongqing Yinxing Intelligent Industry (Group) Co., Ltd., at a price of 159.6042 million yuan, to provide the company's profitability. At present, these land transfer procedures have not yet been completed.

Profit forecasts and investment ratings. Since the company's asset situation will change greatly, and there is still a process for the proposed land to be developed and sold, the future faces great uncertainty, and there are no profit predictions or investment ratings yet.

Risk warning. The company is currently small in size, has few land reserves, is not strong in resilience to risks, and is involved in a number of lawsuits.