Performance description. During the period, the company achieved an operating income of 31 million yuan, an increase of 197.78% over the same period last year; an operating profit loss of 3.74 million yuan, a loss of 630 yuan over the same period last year; a net profit loss of 2.79 million yuan belonging to the owner of the parent company, a loss of 723 yuan over the same period last year; and basic earnings per share of-0.01 yuan.
Company profile: the company, formerly known as Xingtai Roller, was listed on the Shanghai Stock Exchange in 1999. Changed its name to Huaxia Jiantong in 2004, mainly engaged in all kinds of roll design, manufacturing and sales, and communicator network system development and sales. In 2010, Langfang Land Development and Construction Investment Co., Ltd. acquired 13.17% of the shares held by Beijing Circle Shixuan Real Estate Development Co., Ltd., and successfully became the controlling shareholder of the company. The company changed its name to Langfang Development, and its main business was changed to housing leasing, investment promotion service, park investment and so on.
Increase the intensity of trade and expand the scope of trade. After the backdoor listing of Land Construction Investment, we will actively formulate and implement a diversified business strategy and broaden the business scope so as to enhance the company's business capacity. During the period, the company actively expanded the scope of trade and added new steel trading business, and the operating income of the trade business increased significantly by 648% compared with the same period last year. However, due to the general low gross profit margin of the company's new steel trading business, the overall gross profit margin of the trading business fell by 42.6 percentage points, resulting in a sharp drop of 51.22 percentage points to 10.23% compared with the same period last year. Against the background of a sharp drop in gross profit margin, the company did not increase its income in the first half of the year, and its operating profit lost 3.74 million yuan.
The construction of the second airport in the capital brings development opportunities. The second airport of the capital will be fully opened in 2014, and the total investment in the construction of supporting facilities of the aviation hub will reach hundreds of billions of scales. the construction of the second airport will bring unprecedented development opportunities to the overall economic development of Langfang and the company. It will have a positive impact on the future development direction of the company's business, and the company will add new business scope including: park investment, construction, operation, project management and consulting business, investment promotion service business and so on.
It is expected to complete the strategic transformation by relying on the high-quality resources of major shareholders. The main business scope of the major shareholders of the company are park development and construction, first-class land development, old city transformation, indemnificatory apartment construction, new residential construction, city-wide key project construction, etc., with more high-quality assets (including government investment of more than 360 million yuan and new investment services for the company's business scope, park construction and management, etc.). The company is expected to rely on the high-quality assets of major shareholders to complete the strategic transformation and form a new profit growth point.
Profit forecast and investment rating. Considering that there are still many uncertainties in the formation of new profit growth points, we will not issue profit forecasts and investment ratings to the company for the time being.
Risk hint. The risk of policy regulation and control; the uncertainty of the new profit growth point.
