Performance fell to a low point in the first half of the year, and the company achieved main business revenue of 71.99 million yuan, total profit of 18.81 million yuan, and net profit of 13.79 million yuan, down 22%, 50% and 45% respectively from the same period last year. Mainly due to the completion of the Sinopec Yizheng - Changling riverside oil pipeline on May 25, 2006, which had a great impact on the company's core business, the crude oil business, which dropped 35.45% year on year. The riverside pipeline affects major crude oil transit businesses, including pipeline crude oil and offshore crude oil, which have accounted for about 80% of the company's main business revenue in the past few years. In 2006, Sinopec's “Yichang Pipeline” was opened, and the company's crude oil business was greatly affected. The handling volume dropped from 21.73 million tons in 2005 to 10.79 million tons, a decrease of 49.65%. In 2007, with the “Yichang Pipeline” operating normally throughout the year, its transportation capacity of 24 million tons was enough to reduce the company's crude oil business revenue by 2/3, and the crude oil business was no longer the main pillar of the company. The refined oil and liquid chemical business developed rapidly, but it did not make up for the impact of the decline in the crude oil business. Among them, the liquid chemical business revenue increased by 3.42 million yuan over the same period of the previous year, an increase of 21.46%. The company's refined oil business revenue increased 140,000 yuan over the same period of the previous year, an increase of 2.15%, and the total revenue of liquid chemicals, refined oil products and other businesses reached 37.49% of the company's total revenue. This is an increase of 8.79 percentage points from 28.7% in 2006. The refined oil and liquid chemical business will maintain some growth in the next few years, but its incremental contribution to revenue and profit will not be enough to make up for the decline caused by the decline in crude oil transit business. The increase in Longtan is due to the influence of the opening of Sinopec's riverside oil pipeline, and the company had to change its fund-raising investment in April 2006 and acquired 20% of the shares in Nanjing Longtan container port held by the parent company, bringing the shareholding ratio to 25%. The aim was to provide the company with continuous growth potential as the largest container port in inland rivers. It is expected that the company will continue to increase its share of Longtan holdings. There is no investment value yet. The company's performance in 07/08 is expected to be 0.11 and 0.13 yuan. Based on the EPS calculation of 0.13 yuan in 2008, the dynamic PE reached 64 times. Even taking into account the factors of increasing Longtan holdings, the company's stock currently has no investment value, giving it a “holdings reduction - B” rating.