Gelonghui, November 17 | According to the Open Source Securities Research Report, the operating income of the third quarter report of Pudong Jinqiao (600639.SH) increased significantly, and net profit increased year-on-year, mainly due to the centralized carry-over of the Biyun Zundi project, maintaining a “buy” rating. The company has sufficient marketable real estate resources, real estate rental income has been rising steadily, rental rates have bucked the trend, and the location advantage and industrial agglomeration effect are remarkable. The reason why the company's overall performance has continued to be steady since the beginning of the year is that the handover of the Biyun Zundi Phase II project, a high-margin residential project, was basically completed, and current sales revenue was carried over and net profit increased accordingly. The company has enough saleable residential projects under construction. In the first half of the year, it participated in the selection of implementation entities for the North Bund residential land project in Hongkou District and was identified as the implementing entity. The estimated value of the goods exceeds 7 billion yuan, which will greatly increase the company's land reserves. In July 135, the pile foundation project for the Neighborhood Project began, and it is expected that market sales will be achieved in 2024.