The Group is a Chinese non-state-owned construction company that mainly provides integrated solutions for housing construction and infrastructure construction projects. Based on data calculation based on revenue, the Group is the largest non-state-owned construction contracting company in the Beijing-Tianjin-Hebei region and the second largest non-state-owned construction contracting company in China. The group's construction project contracting business covers residential, public, industrial and commercial construction, municipal and transportation infrastructure, and professional construction, such as mechanical and electrical installation and steel structures. (1) The Group's performance for the full year of last year, with operating revenue of RMB 41,177 billion (same below), up 6.65% year-on-year, while net profit was 1,052 billion yuan, an increase of 36.98%. Among them, the amount of new contracts signed by the Group in 2017 reached 61.3 billion yuan, which is 10% higher than the target of 51,615 billion yuan set at the beginning of the year. At the same time, the Group also showed a rapid growth trend in the residential construction business area. The scale of business increased by 27 percent last year, mainly benefiting from the urban scale of the country Continued emphasis is placed on making If you go to a group, you can undertake more residential construction projects with higher gross margins. (2) Since the Chinese government established Xiong'an New Special Zone in April last year, the planning development of the district has become one of the important engines of future domestic economic growth, and Baoding, where the headquarters of the group is located, has also been designated as the core city of the “Beijing-Tianjin-Hebei Cooperative Development”. It is anticipated that the future population of Xiong'an New Area will exceed the 100 million mark, and the urban zoning planning ratio is expected to rise to 70% by 2021. Therefore, the promotion of urban zoning in the region will effectively reach construction and housing within the Special Administrative Region Infrastructure construction accelerates implementation and commencement of construction, and brings long-term and stable construction to the group The number of contract orders. (3) Furthermore, the group has general contracting of overseas aid projects and foreign labor cooperation management qualifications, and in recent years, using China's “going global” national strategy, the group has also begun to actively expand overseas construction contracting business. Among them, many countries such as Angola, Laos, Fiji, and Venezuela have participated in many construction projects. I believe this event will increase the group's popularity abroad and is conducive to expanding the scope of its business; while the group's stock price rose from early May to 6.97 The pullback has been going on. Recently, the stock price has seen initial support around 4.7 yuan, and this level It is the beginning of the last wave of growth. It is expected that a new wave of growth will soon occur due to the re-inflow of cooperating funds. Therefore, it is suggested that investors can collect it at current prices and hold it in the middle, and the end of the erosion level can be set at a listing price of 4.46 yuan.