The company is a real estate enterprise under the Shenzhen State-owned Assets Administration Commission and has benefited from Shenzhen's state-owned assets reform. Among the enterprises directly under the Shenzhen State-owned Assets Administration Commission, the number of companies with real estate resources is large, and they are scattered, and the land scale is large, so there is a need for integration. However, according to the “one two-wing” layout in Shenzhen's state-owned enterprises reform plan, it is to create a characteristic industrial system with basic industries as the main body, modern service industries such as financial quasi-finance, and strategic emerging industries as “two wings.” Among them, basic industries include public utility enterprises and real estate development. The real estate sector is likely to become a key aspect of Shenzhen's state-owned assets reform. The company is one of two real estate companies directly under the State Assets Administration Commission. In 2014, the Shenzhen State-owned Assets Administration Commission increased its holdings in Zhenye Group through Shenzhen Yuanzhi Investment Co., Ltd. In addition, project cooperation between the company and Shenzhen Metro Group, another enterprise under the State Assets Administration Commission, has already begun. From the perspective of integrating real estate resources, Zhenye Group is expected to gradually become a platform for state-owned enterprise reform in the Shenzhen real estate sector. The real estate market in first-tier cities has picked up rapidly since March 2015, and Shenzhen has become a leading city, with the highest growth rate for months in terms of transactions and prices. The company is rich in land resources in the Shenzhen area. Settlement resources increased in 2015, and gross margin steadily rebounded. The company cooperated with the Metro Group to build a subway park project “Jinhui Park”, which is expected to open in the second half of this year. The project features focus on scarce “subway entry” and “private sports parks,” and the value of the project has been increased. The Shenzhen Metro Group has not yet been listed, and it has a large amount of high-quality land resources. Finding cooperation with a listed company as a financing platform is one of the ways for the company's future development. Successful cooperation on this project also lays a good foundation for future cooperation between the company and Shenzhen Metro Group. Currently, the company's business development is accelerating, and the Shenzhen property market is experiencing a rapid recovery. Considering that the company may become a platform for the integration of state-owned assets in Shenzhen, it is estimated that the EPS for 2015, 2016, and 2017 will be 0.57, 1.1, and 1.4 yuan respectively, covering the first time, giving it an increase in holdings rating.