Zongyi City Investment Holdings announced last year's results. In 2015, operating revenue was 7.98 billion yuan, a sharp increase of 61.8% over the previous year; profit of 3.61 billion yuan, a year-on-year increase of 83.5%; and profit per share of RMB 1.21 billion. The rapid increase in business performance was mainly due to the increase in real estate sales, the increase in the volume of BOT contracts and engineering design work, and the huge investment income brought by the sale of Western Securities and Everbright Bank shares. In the future, the company decided to break away from the environmental protection business and transform into a comprehensive asset management group with urban infrastructure and related areas as the main investment direction, and PPP funds as the main area, while also seeking investment opportunities in the industrial chain through PE funds. The total market value of listed companies currently held by the Group is RMB 17.53 billion, while its private equity “Chengding Fund” has established the fourth phase of the fund, adding 17 new investment projects, with a total investment amount of RMB 2.60 billion. We expect that the company will continue to benefit from the state-owned enterprise reform and PPP concept, and that the merger and separation plan will also steadily promote favorable overall development. The above factors are expected to become catalysts for stock prices in the short term. Technology trends and investment strategies in January and February both hit support for RMB 12.40, and since then the trend has continued to improve. After three months of consolidation, a favorable collection pattern was formed in an ascending triangle. Last week, it also broke through the top resistance level of RMB 15.80. A purchase was proposed at 15.88 yuan. The target price was set at the RMB 18.00 level, and falling below RMB 14.76 should stop the loss immediately. Last week's recommendation was to review the narrow rise in the stock price of China Nuclear Power (601985.CH), which was introduced last week, and did not reach our proposed purchase price of RMB 7-7.3. Since the basic factors of the stock have not changed, we have maintained the purchase price and target price proposed last week unchanged.