Key investment points Pingtan Island has both excellent geography and resources. Pingtan Island is the mainland's closest region to Taiwan's main island. It is only 68 nautical miles from Hsinchu. It has rich resources such as shoreline ports, marine life, coastal tourism, and clean energy. The development space is vast, and the advantages of cooperation with Taiwan are obvious. Pingtan will be the window and back garden for cross-strait integration. The strategic position of Pingtan Island has achieved a qualitative leap forward. In May 2009, Haixi Construction was upgraded to a national strategy. The Pingtan Comprehensive Experimental Zone was established in July of the same year, and the Pingtan Development Plan was introduced in November 2001. It was positioned as a pioneering area for cross-strait exchanges and cooperation and a livable area where compatriots on both sides of the Strait live together. Since then, it has also welcomed the superposition of the three favorable policies of the Free Trade Zone & the Free Trade Zone (43 square kilometers of Pingtan area. The strategic positioning is to focus on building a common home between the two sides of the Strait and an international tourist island); Freeport (with many policy dividends in terms of taxation, trade concessions, and the movement of people) Trade Zone); Maritime Silk Road (Pingtan is expected It became a window for the New Maritime Silk Road). The company is currently the only A-share listed company registered in Pingtan. The main business is afforestation and afforestation, processing and sales of forest products and related businesses related to the open development of the Pingtan Comprehensive Experimental Zone. Currently, forestry is the company's core business, and the China-Fu Strait Building Materials City and financial sector business will be the highlight of 15-year performance growth. The company gradually transformed into a comprehensive developer in the experimental zone. The company reached a strategic cooperation agreement with the Pingtan Management Committee in May '14. The management committee encouraged the company to participate in tourism development, health care, modern warehousing, logistics and financial industries; in October '14, the company plans to raise an additional 2 billion yuan to 1) the Pingtan Haitianfudi Beautiful Village and Tourism and Leisure Resort Comprehensive Development Project (1.1 billion) (it has signed an “Investment Agreement” with Kanghui Group and the Pingtan Management Committee), 2) the Pingtan Strait Medical Park construction project (Phase I) (400 million), 3) and supplement the company's working capital (500 million yuan). Tourism, modern storage The logistics and financial industries were transformed and gradually developed into a comprehensive developer in the experimental zone. Profit forecast and investment rating: Pingtan has ushered in major historical development opportunities. The free trade zone & free port & maritime silk road are all major national strategies; the company is the only listing platform on Pingtan Island and is scarce; the chairman has many years of experience in politics and extensive networking resources. He has signed a strategic cooperation agreement with the Pingtan Management Committee, and is expected to become a comprehensive developer of the Pingtan Comprehensive Experimental Zone. The company's 15-17 EPS is expected to be 0.38/0.56/0.69 yuan respectively. The increase in performance mainly comes from real estate projects, and was given an “increase” rating for the first time. Risk warning: The overall development of the Pingtan Experimental Zone fell short of expectations, and the company's project progress fell short of expectations.