From January to June 2010, the company achieved operating income of 357 million yuan, an increase of 61.61% over the same period last year; operating profit of 77.7279 million yuan, an increase of 1.26% over the same period last year; net profit belonging to the parent company was 54.5793 million yuan, down 12.89% from the same period last year; and basic earnings per share was achieved.

Real estate business income growth, gross profit decline: the company is a real estate A-share listed company in Chongqing, mainly engaged in real estate primary and secondary development, housing sales and leasing, site leasing, tunnel operation and so on. From January to June 2010, the company's real estate business income was 128 million yuan, an increase of 33.70% over the same period last year. The main settlement project is the city of praying for the New year, which has been basically sold. During the reporting period, the gross profit margin of the main settlement project fell by about 15 percentage points, resulting in a 10.61% decline in the gross profit of the real estate business compared with the same period last year, which is also the main reason for the decline in the company's net profit.

At the end of June 2010, the advance collection of the company's real estate project sales was 208 million yuan, which can ensure that this year's real estate business performance is better than last year. At the end of the reporting period, the company's commercial and residential project reserves include: Banan Jinzhu Industrial Park project, Nanan District Huangshuiya project, Chongqing Development's first project, etc., all obtained through the land auction market in 2009. The company's current reserve area is about 1 million square meters, there are no residential real estate projects under construction, temporarily in the business gap, this year and next year can confirm that the income is less, but the business follow-up development prospect is better.

Revenue from exhibition and tunnel operations contributes to stable cash flow. The company's toll business, including Shihuang tunnel operation and convention and exhibition center operation, can provide a relatively stable cash flow, but lack of growth, which is also one of the reasons for the slow growth of the company's revenue.

There are still major shareholders expected to inject assets. According to the guidance on further promoting the overall listing of municipal key state-owned enterprises issued by the Chongqing Municipal Government, the integration of state-owned assets and overall listing in Chongqing can be foreseen. The major shareholder of Chongqing Development is Chongqing Urban Construction Investment Group, one of the eight state-owned investment groups in Chongqing, and the second largest state-owned investment group in Chongqing with land reserves of more than 100000 mu. It is mainly distributed within 1000 square kilometers of the main city, and 8000 mu of land is being requisitioned and consolidated. As the only listed company under the city investment company, Chongqing Development has obvious strategic significance in the rapid development of the city investment company.

Considering that part of the business of the major shareholders is closely related to the business of Chongqing Development, at the same time, there is a huge demand for funds in the development plan of the major shareholders, and the major shareholders clearly put forward the hope that most of the funds will be obtained through capital market financing, so the motivation of the major shareholders to expand and strengthen the listed companies is relatively clear. Although the additional issuance plan failed in June this year, there is still room for further operation in the future.