The company's consolidated statement from January to September 2009 showed that it achieved operating income of 72.69 million yuan, an increase of 26.83% over the previous year; net profit attributable to shareholders of the parent company was 70.64 million yuan, with a loss of 61.9 million yuan for the same period last year. Basic earnings per share are $0.17. The company is mainly engaged in property management, tourist hotel management and real estate sales, and its projects are mainly in Wuhan and Shantou, Guangdong. The Wuhan Phase II Wutong Road project has not yet been completed during the reporting period, so settlement is not possible. Real estate sales revenue is low; operating income mainly comes from property management and tourist hotel services. Furthermore, investment income of 131 million yuan was obtained from the auction of some shares of Southwest Securities, which is the main reason why the company turned a loss into a profit. The company is currently constructing projects such as the Wuhan Phase II Wutong Road Project and Dragon Ball Phase III. The former civil engineering project has been fully completed. Among them, district A has also completed municipal administration, roads, and greening projects to achieve water access to households. Electricity and ventilation work is currently being carried out; currently, municipal and road projects are in full swing in area B. 2. The Dragon Ball Phase III project continues to carry out preliminary work, especially to do a good job in market research and planning adjustments. Profitability has increased significantly. Gross margin was 19.97%, an increase of 9.43 percentage points; net profit margin also increased sharply to 97.18%, mainly due to investment income of 131 million yuan from the sale of Southwest Securities. Net profit margin increased to 13.51% from -1.7% at the beginning of the period. The balance ratio is 70.6%, which is 62.33% after excluding accounts received in advance. There is a certain amount of financial pressure over the long term. In the short term, monetary capital at the end of the period was 352 million yuan, an increase of 860.97% over the previous year, mainly due to the increase in loans from financial institutions and actual controllers and pre-sale housing payments; Southwest Securities shares were reclassified as saleable financial assets, with a book value of 469 million yuan at the end of the period; this portion of working capital totaled 822 million yuan, and short-term loans were only 221 million yuan, so short-term financial risk was not significant. The project under construction in Wuhan Merrill Lynch Qingcheng Phase II Wutong Road has a planned area of 113,000 square meters, a total of 1,019 residential units, with an average sales price of about 6,500 yuan/square meter. The pre-sale account at the end of the period was 397 million yuan, an increase of 178.04% over the previous year. It is expected that construction will be completed and settled in 2009 and 2010. Risk warning: The company's follow-up development projects are still limited. After Wuhan Merrill Lynch Qingcheng Phase II was settled, the follow-up development project was only Dragon Ball Phase III. The rental property Sanya Wanjia Days Resort was affected by the financial crisis. The occupancy rate was low and the loss was large. There are many problems in the company's operations, and its performance sustainability is poor.