Long-term development prospects are positive, and sales sales will continue to grow rapidly - Contemporary Real Estate's contract sales for the first 8 months of this year rose 51% year-on-year to 6.21 billion yuan (same below), an increase higher than the average of peers. As contemporary real estate is still expanding in the scale, the company expects contract sales growth to remain above 30% per year over the next few years. The average sales price is expected to rise — the average contract sales price for the first 8 months of this year was 8,873 yuan per square meter. Since the company will launch higher-priced projects in Shanghai, Suzhou and Hefei, it is estimated that the average sales price for the whole year will increase on the basis of the first 8 months. Inventory is at a low level — currently less than 50,000 square meters of inventory that has been completed but has not yet been sold in contemporary housing. Based on the average sales of 86,000 square meters per month since this year, the company only needs about two weeks to clean up inventory, reflecting the company's sales speed and excellent inventory management. Financing costs are expected to be reduced — the average financing cost for Contemporary Real Estate in the first half of the year was 11.2%. The company plans to issue domestic corporate bonds. Referring to the interest rates of other domestic housing companies, the current interest rate will be somewhere between 6-7%. On the other hand, the “No Worries About My Home” funding platform can also raise capital from potential buyers at a lower cost (less than 8%), helping the company reduce financing costs in the future. Strive to reduce the cost of property development - the “Green Investment Industry Chain Fund” founded by partners such as Contemporary Real Estate and Gishen Asset will attract upstream companies such as builders and material suppliers to invest in Contemporary Real Estate's property projects in the future, thereby reducing the total cost of construction. This form of cooperation is beneficial to the long-term development of the company.