Investment advice: Maintain an “Overweight” rating. Earlier, the company's shareholders and concerted actors announced that they would continue to increase their holdings in the next 12 months, with a total increase of no more than 2% of the company's total share capital. The increase in majority shareholders' holdings shows shareholders' confidence in the company's future development. The company promised to achieve net profit of not less than 678 million yuan and 739 million yuan in 2012 and 2013. Based on the company's current share capital, the equivalent EPS for 2012 and 2013 was 1.23 to 1.35 yuan. We expect the company's 2012, 2013, and 2014 EPS to be 1.23, 1.35, and 1.53 yuan. Based on the company's closing price of 10.62 yuan on August 7, the corresponding PE for 2012 and 2013 was 8.63 and 7.86 times. Considering that the company's current financial pressure is low, the launch of land can reflect performance and maintain the company's “increase in wealth” rating. The company was given a price-earnings ratio of 10 times 2012, corresponding to a target price of 12.3 yuan. Risk warning: 1) There is a small act of reducing holdings; 2) The industry is facing regulatory expectations.