TEDA Holdings has formed a relatively complete financial holding platform, with equity values of about 370.8 to 41,189 billion yuan. However, there are huge investment opportunities due to the synergies of various types of financial enterprises in the Binhai New Area and possible equity changes. Financial assets have become the company's main source of profit. Based on the nature of the company's participation in financial enterprises and the liquidity of its shares, we estimate the equity value between RMB 12.597 billion and RMB 14.403 billion. The company's first-level land development business is likely to achieve a breakthrough. Teda Holdings obtained first-class land development rights for the Tianjin Binhai New Area Seaside Leisure and Tourism Area, with a total planned area of about 150 square kilometers. Judging from previous first-level land development experience in the Binhai New Area, the profit margin of the project could reach about 10 billion yuan. .. Nanjing Xincheng, which holds 51% of the company's shares, is a regional developer of an asset-light development model. The Tolerga project it is responsible for will benefit from rising land prices since land price costs are relatively stable. Meanwhile, Yangzhou TEDA, which holds 55% of its shares, is responsible for the regional development of Guangling New Town, with a total planned area of about 22.5 square kilometers. The project was fully launched in the first half of 2007. The company's other main businesses were at their lowest point in 2007. Among them: the waste-to-energy business increased production capacity by 90% after 2008; the production capacity of thermal insulation materials doubled in 2008; and the cost burden peaked in 2007 due to factors such as asset sales, increased bad debt preparations, and rising balance ratios. The company's earnings per share for 2007, 08, and 09 are estimated to be 0.21 yuan, 0.45 yuan, and 0.62 yuan respectively. We value the company's various businesses in segments and then summarize them, and finally estimate the company's reasonable valuation level to be 20.3 yuan to 24.27 yuan. Considering the company's future prospects in comprehensive financial management platforms and first-class land development, it was given a “recommended” investment rating.