Development goals for 5-8 years: Airport Co., Ltd. will establish a business pattern with carrier development for the airport industry as the core, property operation services and construction as strategic collaboration and “two wings in one”, create three major project products: “Airport Innovation Park”, “Airport Headquarters Park”, and “Airport Industrial City”, and cultivate and expand the four major service systems for investment, property management, value-added services and customized services. There are plenty of reserves for first-level land development projects. The company currently has a first-level development project of nearly 4,000 acres of land. The basic development of land in areas A and B of the core area of the Airport Economic Development Zone has been completed. Currently, there are only 100 acres left in Area B to be listed and traded. As of the company's 2013 semi-annual report, Yizhao Real Estate, a holding subsidiary of the company, has completed the site survey of the industrial site on the north side of Zhaofeng Industrial Base in Zhaoquanying, Shunyi District. At present, the demolition work on the above land plot is being carried out in an orderly manner; municipal engineering construction for the airport's mulin high-end manufacturing base is underway; and the preparation of a planning and adjustment plan for the Longwantun Town Area Functional Zone has been completed. Industrial real estate development is progressing smoothly. The company's core product, MAX Airport Enterprise Park, has a remaining single-family building with a construction area of about 40,000 square meters, and supporting facilities for the enterprise park project with a construction area of about 40,000 square meters are for sale (pending rent). The sales license for the portion to be sold is still being processed. The “Airport Area A Supporting Service Facility Project” (tentative name) is currently carrying out a preliminary planning and design plan for the project. The “Comprehensive Insurance Zone Port Logistics Center Project” (tentative name) completed the preliminary construction site survey and site selection work. Revenue from leasing and property management businesses will grow steadily in the future. The company is gradually increasing the proportion of self-owned properties, and revenue from leasing and property management businesses will grow steadily in the future. The company currently owns about 200,000 square meters of leased properties, covering standardized factories, office buildings, apartments, and commercial warehouses. The company undertakes property management such as standardized industrial plants in the Beijing Tianzhu Airport Economic Development Zone. Currently, the total construction area of the property management is about 363,000 square meters. Profit forecasts and investment advice. Real estate development and park development and construction business will be the company's future focus. The EPS for 2013-2015 is expected to be 0.27 yuan, 0.28 yuan, and 0.31 yuan respectively. The company's overall performance remains stable, and the growth rate of performance in 2015 may increase. The company has abundant reserves of industrial land, and the industrial land price reform may become a catalyst for the company's stock price, giving the company an “increase in holdings” rating. Risk warning: Real estate sales and park development progress falls short of expectations