Zhongbao Holdings, a wholly-owned subsidiary of the company, plans to transfer 70.39 million shares of Baoan Real Estate to Dongxu Group (accounting for 15% of Baoan Real Estate's total share capital) by agreement. The transfer price per share is RMB 17, and the total share transfer price is about RMB 1.2 billion. If the transaction is successful, it is expected to generate a profit of around $82 million. As of the date of this announcement, the Company has received a deposit of 50 million yuan from Dongxu Group. After the company transferred 15% of Baoan Real Estate's shares, the company's real estate business basically withdrew. The company's current real estate business has basically withdrawn, and in the future, it will focus on the three main businesses of financial investment, pharmaceuticals, and new energy materials. At the same time, industrialization investment in emerging industries is being continuously deepened on the three existing platforms. Through deep participation in emerging industries, on the one hand, we can enjoy the growth dividends brought about by the rapid growth of emerging industries, and on the other hand, we can also invest in the valuation dividends of sub-capital markets through capital strategies. We are very optimistic about the company's operating model. At the same time, we believe that the company, as one of the eight old stocks rooted in the Shenzhen Special Administrative Region, has strong viability in the market economy, and there is huge room for future growth. Currently, Betray, one of the company's three platforms, has huge room for growth. It also has many important technical reserves, including silicon-carbon anode materials, lithium cathode materials, and graphene, etc., and has strong technical strength. In 2013-2014, revenue was 930 million and 1.2 billion yuan, respectively, and net profit was 88 million and 125 million yuan, respectively, with a net profit rate of about 9%. The company is already the largest battery anode material in the world, with a market share of nearly 40%. In the future, the company will focus on breaking through the field of new energy power batteries while also entering the cathode materials NCA. In addition, the company has a large amount of natural graphite ore resources, and the annual output of graphite concentrate can reach 600,000 tons. We expect net profit of $162 million in 2015 and $186 million in 2016. Ma Yinglong's growth is relatively certain. It is expected that there will be an annual growth of about 10%-20%. The company is actively expanding the business of anorectal hospitals, and at the same time establishing an industrial fund to seek more industrial opportunities. Net profit for 2015-2016 is estimated to be 240 million yuan and 300 million yuan respectively, and the corresponding investment income of the company is around 72 million and 90 million yuan. Another area is the company's financial industry investment business. The company has participated in a number of highly growing companies, covering various fields such as new materials, military industry, aerospace, communications, and precision manufacturing. Dadi and Yongli Technology have already entered the New Third Board market, and many more companies will enter the A-share market or the New Third Board market in the future. Among them, Dadihe (831385) has successfully entered the new third board and is a first-class manufacturer of drive systems for new energy power vehicles under the company (the company holds 51.6% of the company's shares). After more than 10 years of development, Dadihe Company has now entered a period of rapid performance growth. The company's performance is expected to reach a growth rate of more than 300% in the next two years. At the same time, the company's exclusive products, medium frequency motors and wheel hub motors, are expected to receive large-scale orders. If the order is successfully accepted, the company's revenue and performance growth rate is expected to increase by 500%. Dadihe Company completed the restructuring in December 2013, and launched a new third board in December 2014. In 2002, it cooperated with the Chinese Academy of Sciences to develop the first hybrid Chinese bus, with a fuel saving rate of nearly 15%. A prototype system and a permanent magnet synchronous motor system for 36KW pure electric vehicles began in 2003. Mainly water cooling systems; oil cooling is only used as a reserve. Bulk supply to customers began in 2005. In 2006, a 3/5/10KW multi-specification wheel hub permanent magnet synchronous motor system was developed for Japan. Since 2012, it has mainly made non-standard products. A cost-effective asynchronous drive system was introduced in 2009. In 2010, a permanent magnet synchronous motor and controller system for 120kw,160kw pure electric buses was launched, and then a low-speed tram motor controller system was completed in cooperation with Toyota. The production line was remodeled in 2012, and has the capacity to produce 20,000 sets of motors and controllers per year. It develops synchronous drive systems for Ankai and is the largest power system in China. Product applications cover all areas of public transportation, commercial vehicles, hybrid cars, passenger cars, minivans, and low-speed vehicles, which account for the largest sales volume of new energy electric vehicles in the country. The company currently has a new production capacity of 100,000 units in the first phase, and is planning 200,000 units in the second phase. About 4,200 sets were sold in 2014. The latest sales volume was over 8000 units in July 2015. This year is expected to triple that of last year, and sales will roughly triple. This year, the company transferred shares in Baoan Real Estate to achieve non-recurring profit and loss of 850 million yuan. At the same time, the company's annual investment income will reach about 4-5 billion yuan. Therefore, there will be a significant improvement in this year's performance. The subsequent increase in performance is mainly due to the continued growth of its platform business. We expect that there will still be huge room for growth in the company's operations in the future, and we are optimistic about the company's long-term business qualifications. The company's EPS for 2015-2017 is expected to be 0.55 yuan, 0.26 yuan, and 0.31 yuan, respectively, corresponding to this year's PE, 21 times higher, maintaining a highly recommended -A rating. Risk warning: Earnings in the financial investment sector have a certain degree of volatility, which may have an impact on performance fluctuations.