The company released its 2011 quarterly report today. During the reporting period, the company achieved operating income of 4.332 million yuan and net profit attributable to the parent company of 36062 million yuan, an increase of 4074.4% over the previous year, and earnings per share of 0.121 yuan. It surpassed the earnings per share for the full year of 2010 (0.1,175 yuan). The company has participated in Sino-Singapore Mianshi (Chengdu) Construction and Development Co., Ltd. (35% interest) to carry out first-level development of the project in Pixian County, Chengdu. The Chengdu Pixian project was terminated in March 2010 due to adjustments in the overall urban planning and development process of Pixian County. According to the company's announcement, according to the equity law, it is estimated that the matter will generate investment income of about 3700-42 million yuan for the company in the future. In the first quarter of 2011, the investment income totaling 43.38 million yuan was fully recovered, which was the main source of the company's profit in the first quarter. 1. Among the first-level land development projects, two plots of land for the Chengdu Baohe Township project have already been auctioned and revenue has not yet been confirmed. Assuming that the advance payment of 300 million yuan corresponds to the share of 82 acres of land and confirmed in 2011 (Table 1); assuming that the portion corresponding to the 300 million yuan advance payment is the share of 133 mu of land, then the company can recover the accumulated bad debt of 255 million yuan in 2011 (Table 2). Furthermore, the remaining 600 acres of land companies in the second phase of the Chengdu Baohe Township Project have been sorted out, but the auction time is uncertain, so there is no forecast yet. 2. In the first-level land development project, the production base of Huangpu Chemical Company has been relocated to Wuzhou. It is expected that the Huangpu Chemical Company plot will recognize revenue in 2012. 3. Among the second-level real estate development projects, the total construction area of the Longyin Village project in Xipu Town, Pixian County is about 500,000 square meters. Sales are expected in October 2011, assuming settlement over three years from 2013. 4. In the catering industry, assuming that the company has 100% interest in the operating income of the two Burger King restaurants, the annual revenue growth rate is 10%-20%. There is no forecast for the Burger King store that the company will independently invest in over the next three years (100% interest). Let's also assume that existing and new joint ventures (that is, enjoy 19% interest, including Burger King and Sibino) will not pay dividends for the next three years. 5. Huangpu Chemical Company is one of the important domestic manufacturers of synthetic camphor and borneol. It has a high market share, and synthetic camphor and borneol is expected to increase in price. Huangpu Chemical Company and Wuzhou Turpentine Co., Ltd. have established Wuzhou Huangpu Chemical Pharmaceutical Co., Ltd. and Wuzhou Huangpu Chemical Pharmaceutical Co., Ltd. plans to achieve resource integration and leapfrog development through listing and capital market operations. There is no way to predict this. 6. The company has been able to contribute more than 10 million dollars in investment income every year through securities investment in recent years, and there is no prediction about this.