The key investment company plans to transfer the shares of the finance company and Shijing Optoelectronics. The company announced that it plans to sign an “equity transfer agreement” with Southern Industrial Asset Management Co., Ltd. (“Southern Assets”). The two parties agreed that the company will transfer 50 million shares of the 70 million shares of the financial company's shares to Southern Assets. The book value of the 50 million shares to be transferred this time is 52.86 million yuan, and the proposed transfer price is 12.36 million yuan, which is expected to increase current income by 67.37 million yuan. This portion of the shares was previously prepared for transfer to Minsheng Logistics, but failed to pass Minsheng Logistics's Extraordinary General Meeting of Shareholders, which is why it was transferred to Southern Assets this time. At the same time, the company also plans to transfer its Shijing Optoelectronics shares and publicly list it on the exchange. The listing price is 83.92 million yuan, which is expected to increase current income by 45.7 million yuan. If both are transferred smoothly, the company can obtain 204 million yuan in capital, which is expected to increase current income by 113 million yuan. The company has a strong desire to preserve its shell, and there is a high probability that *ST will remove its cap. In a situation where the steel market is doing very well this year, the company's quarterly performance for the first three quarters was -2121 million yuan, -27.56 million yuan, and -40.76 million yuan, respectively. The profit situation is worrying. According to the company's three-quarter report forecast, the annual performance is about 1-120 million yuan. Since the company was in a state of loss for the previous two years, it is already a*ST stock. If losses continue this year, the listing will be suspended. Moreover, in early November, the company suspended trading to buy targets in the financial industry. Although it was unsuccessful later, these phenomena all showed that the company's willingness to preserve its shell was very strong. If the transfer of shares goes well this time, the company is likely to be able to turn losses into profits and remove the*ST cap. The company's 2016-2018 EPS is estimated to be 0.02 yuan, 0.03 yuan, and 0.10 yuan, corresponding to current PE 482 times, 321 times, and 115 times, respectively, giving the company an “increase in holdings” rating for the first time. Risk warning: temporary listing risk; sluggish downstream demand; equity transfer progress falls short of expectations