In 2009, the company realized operating income of 237 million yuan, an increase of 41.42% over the same period last year; operating profit was 23.8662 million yuan, down 42.82% from the same period last year; and the net profit belonging to the parent company was 3.5253 million yuan, an increase of 23.92% over the same period last year.
Summary of the company's fundamentals: the company's main business is real estate development, property rental, cultural entertainment, information electronics, digital television network, trade and logistics and other industries. at present, the company's main source of operating income is the real estate business of the holding subsidiary Chongqing Haohua Real Estate Co., Ltd., other subsidiaries of the company. Including Beijing Chuangfeng Information Technology Co., Ltd., Beijing Chuangfeng Jin'an Information Technology Co., Ltd., and Sichuan Chuangchuang Traffic Technology Co., Ltd., have lost money for many years due to changes in the market environment, and are now insolvent. Are in a state of suspension. Vanguard (Hong Kong) Trading Co., Ltd. has not carried out business activities; since September 2008, Beijing Standard Vanguard Trading Co., Ltd. and Beijing Xianda Vanguard Consulting Co., Ltd. have not carried out business activities because the company no longer continues to lease Beijing Dazhongsi Home Plaza. The company announced in January 2007 that it plans to absorb and merge the original securities, but as the non-tradable share structure reform has not yet been completed, it is still unable to determine the implementation time of the plan.
The real estate business promotes the growth of revenue. In 2009, the sales revenue of Chongqing Haohua Real Estate Co., Ltd., a subsidiary, grew rapidly. During the reporting period, the sales revenue carried forward was 236 million yuan, a substantial increase of 110.26% over the same period last year. The settlement project was Chongqing Haohua developed by the subsidiary. The company's operating income in 2009 mainly comes from real estate business income, the original electronic information industry with the sale of assets and subsidiary business suspension, has been basically unable to contribute to income. At the end of 2009, the company's accounts received in advance increased by 67.31% compared with the end of 2008, reaching 210 million yuan, providing a certain guarantee for 2010 income. The projects currently under construction include Chongqing Haohua Phase II and Sichuan Shouhui Huayu Road Project, which will be settled in the next two years.
Share reform and restructuring are still in progress: share reform and reorganization are composed of four parts: asset exchange, absorption and merger of new shares, shrinking of non-tradable shares, and capital accumulation fund to increase share capital. In terms of asset restructuring, the company and the Capital Group signed the Asset Exchange Agreement and the New share absorption and merger Agreement on January 23, 2007. the company will hold 11.6337% equity interest in Capital Securities with 11.6337% equity and 61.1779 million yuan in cash held by all assets and liabilities and Capital Group. After that, the company replaced 88.3663% of the shares held by the shareholders of the first securities in the form of new shares, and absorbed and merged the first securities. In terms of share reform, the non-tradable shareholders of the company shrank their shares at a ratio of 0.6 per cent, and the company used its provident fund to increase 6.8 shares by 10 per cent to all shareholders after the absorption and merger.