Due to fierce competition, the loss of the company's Yangtze River business is expected to continue. As China and the world economy recover, coastal freight rates are expected to pick up slowly and the company's coastal transport business will be more profitable. Judging from the current business development situation, in order to achieve sustained growth in performance, the company needs to shift its business focus from the Yangtze River to coastal and ocean-going. In this sense, the company is still in the process of business transformation, and the next two years will be a critical period. In terms of profitability, the company will still lose a lot of money in 2009, and its performance will improve in 10 years, but it will still be dragged down by the Yangtze River business. under optimistic circumstances, it can achieve a small profit, and the company is expected to earn-0.25 yuan and 0.02 yuan per share in 2009 and 10 years. In terms of price-to-book ratio, compared with similar companies, the company's share price is basically reasonable. Since 2009, the company's stock price has lagged far behind similar shipping stocks. We count six companies, namely, China Shipping Development, China Ocean Shipping, Cosco, China Shipping, China Merchants Steamship and Changhang Oil Shipping. As of August 14, the average increase since 2009 has been 93%. While the company's increase is only 31%, the same as a shipping company, and 10 years have a larger capacity, although subdivided industries are different. However, they are basically affected by common cyclical factors, so there is a certain supplementary demand for the company's stock price. The main stimulus for the rise in the company's share price is the rise in the coastal bulk freight index. We will not give a rating for the time being.