Operating income is growing steadily, and we look forward to enjoying the investment feast in Xinjiang. Although various production costs have risen to a certain extent during the reporting period, the company has taken effective measures and achieved good market-oriented business performance. It is worth noting that on August 20, 31 large central enterprises held an investment promotion conference in Xinjiang. During the “12th Five-Year Plan” period, they invested 991.6 billion yuan, focusing on projects such as roads and bridges, water conservancy, and coal chemicals. Of these, about 700 billion yuan has already been signed, and construction is expected to commence by 2012. The company is expected to have a high level of investment in segments. Both gross margin and net profit margin increased slightly. The company's gross margin and net profit margin for the reporting period were 12.07% and 2.5% respectively, of which gross margin increased by 2 percentage points over the same period last year. The main reasons for this increase are the increase in equipment sales business with high gross margin, the expansion of the company's size, the reduction in the share of fixed expenses, and the increase in leasing business. Management and operating expenses have declined slightly, and sales expenses have increased rapidly. During the reporting period, the company's management and operating expenses were 4.14% and 1.15%, respectively, down 0.82% and 0.07% from the same period last year. At the same time, the sales expenses ratio increased by 100% compared to the same period last year. The main reason was that the company established a new sales subsidiary, and expenses increased accordingly. Investment advice: Give a “Recommended” rating for the first time. We predict that the company's EPS for 11-13 will be 0.42, 0.62, and 0.85 yuan respectively, and the corresponding PE will be 45X, 30X, and 22X, giving it a “recommended” rating.