In the first half of 2013, the company achieved operating income of 7.144,700 yuan, a year-on-year decrease of 18.54%; operating profit loss of 20.9939 million yuan (26.3518 million yuan in the same period last year); net profit loss attributable to owners of the parent company of 17.6344,800 yuan (237.022 million yuan in the same period last year); and basic earnings per share - 0.0592 yuan. The company's main business is primary land development and modern urban services. Chengdu Tianfu Xincheng Investment Co., Ltd., a wholly-owned subsidiary of the company, has been developing first-level land development projects in Chengdu. At the same time, the company is actively developing real estate development projects and establishing a new trendy fast food brand “Sevenana.” There are two main reasons for this change in profit composition compared to the same period last year. First, because Chengdu Tianfu New Town Investment Co., Ltd., a wholly-owned subsidiary of the company in the same period last year, withdrew part of the land receivable price formed from the first-level land development business, the company returned 24.429,700 yuan of bad debt provisions in the same period last year; on the other hand, the company sold shares held in Burger King Beijing and Burger King Shenzhen in the same period last year to obtain 17.134,800 yuan in investment income. Strong performance lock-down. The cash inflow received by the company during the period from the sale of goods and the provision of labor services was 256 million yuan, up 5.4% year on year. The return of operating cash flow was 568 million yuan, up 100.27% year on year, advance accounts collected in advance were 16102.51% of the 2012 settlement revenue, and the 2013 performance was highly locked in. The overall business situation of the company. All projects of the company's “Xidi Bay” real estate development project are progressing smoothly, and sales conditions are good, but the conditions for carry-over profit have not yet been met; the “SEVENANA” modern fast food chain business is in the stage of adjustment and development, and no profit has been generated during the reporting period; various research and development work on new industries and projects is also being carried out in an orderly manner. After the company sold shares in the two “Burger King” joint ventures it originally held, it invested its main energy in the development of the “Sevenana” project. Currently, the “SEVENANA” (Sevenana) brand has a certain level of market popularity, has obtained complete intangible assets including 174 registered trademarks, and the entire “SEVENANA” brand already has a certain brand value. Profit forecasts and investment ratings. Since the stability of the company's performance is still not strong, we will not make a profit forecast for the time being. Risk warning: During the period of real estate regulation, sales fell short of expectations; the catering business was slow to develop.