An overview of the first quarter results. In the first quarter of 2010, the company realized operating income of 177 million yuan, an increase of 38.47% over the same period last year; operating profit was a loss of 6 million yuan, compared with a loss of 9 million yuan in the same period last year; net profit belonging to the parent company was a loss of 12 million yuan, compared with a loss of 9 million yuan in the same period last year; basic earnings per share were realized-0.0517 yuan.

Summary of the company's main business: the company's main business is more diversified, including industrial real estate development, optical fiber manufacturing, wind turbine blade manufacturing, wind power generation and system integration, security and so on. The main industrial real estate projects are Xinmao military-civilian dual-use technology industrial base and green energy industrial base, and acquired new energy and new materials industrial base and automobile industry incubation base through additional issuance and acquisition of group assets in 2009. The project is rich in reserves and is in line with the national industrial planning. In 2009, the operating income of industrial real estate business increased by 100.07%. In cooperation with Wuhan Changfei Optical Fiber Cable Company, the company entered the optical fiber manufacturing industry in 2007. As of April 2009, the optical fiber production capacity has reached 4.7 million core / km, which is in the middle level of the industry, and the operating income of optical fiber business has increased by 85.54%. In terms of wind power equipment, the company cooperated with Xinjiang Goldwind Science & Technology in Gansu and Xinjiang to set up a wind power equipment manufacturing plant nearby, and the 1.5MW project of Gansu Leaf Plant has been put into production, reducing transportation costs and shortening delivery time. As the fan manufacturing business has just started, there is a loss during the reporting period.

Company performance analysis: during the reporting period, the company's operating income increased, mainly due to the increase in optical fiber and cable revenue, the comprehensive business gross profit margin was 19.23%, up 1.71% over the previous year, the expense rate was as high as 20.08%, and the management expense rate was 13.46%. It is mainly because there are more subsidiaries in this period than in the previous period, and it is in the early stage of establishment, and the expense rate is too high, which is also the reason for the company's losses in the current period. The company expects that the sales of Science and Technology Park will continue to restore growth, and the sales of optical fiber and cable will also gradually increase. The company is expected to achieve a net profit of 10 million yuan and basic earnings per share of 0.04 yuan in the first half of the year.

Company's future development prospect: according to the market environment and development trend of industrial real estate and high-tech products, the company will build an industrial pattern with industrial real estate as the leader and high-tech industry as the extension, strengthen the sales of stock science and technology park projects, and do a good job in the development of injected assets. at the same time, according to the changes in the industrial real estate market, the company will start follow-up industrial park development projects and the company's industrial real estate projects. The guided enterprises are low-carbon, green, new energy and new materials enterprises, which are in line with the national development plan of emerging industries and can grow together with emerging industries. The company itself is involved in the science and technology industry, and optical fiber benefits from the "optical advance and copper retreat" strategy and 3G, fiber-to-the-home, interactive network television, the market capacity is still expanding and the prospect is broad. In terms of fan equipment manufacturing, although the industry belongs to the industry of overcapacity, due to the cooperation between the company and Xinjiang Goldwind Science & Technology and other domestic enterprises, there are few technical obstacles, which can still become the company's profit growth point. In terms of wind power generation, due to being involved in the construction of wind farms only in September 2009, formal operation is expected to wait until 2011.