In the first half year, Poly Group has continued its good development momentum with total assets of 41.449 billion Yuan, 18.7% more than that at the end of last year, and sales income of 5.186 billion Yuan, increasing by 54.43% than the same period of last year, as well as total profits of 1.161 billion Yuan, increasing by 77.79% than the same period of last year. The assets size, profitability and profit margin are all highest in the history, laying a solid foundation for the achievement of group’s goal over 11th Five-year Plan. Since the beginning of this year, group leaders at all levels have further strengthened action power to lead staff to implement tasks specified in group’s aims over 11th Fiver-year Plan and the work meeting held early this year by standardizing operation and strengthening management and improving overall competitive power. Thus, group’s works has shown a stable, healthy and sustained development. Trade business continues to follow the development strategy of “develop military trade as well as resources”. Military trade is better and better with USD 1.548 billion of import and export contract amount while making more efforts to invest and tap resources. Now our resources-tapping industry has taken its basic shape and promises a bright prospect. Real estate business is being operated well with both size and performance keeping rapid growth. In the first half year, the group has invested 7.47 billion Yuan in real estate development and concluded sales agreement worth of 7.72 billion Yuan. Newly begun construction has an area of 3.31 million m2 and 8.04 million m2 are being built. Poly Real Estate Co., Ltd has received favorable comments with a rising reputation since it was listed in the stock market. In the selection of China’s Top 10 Real Estate Developers listed in Shenzhen and Shanghai Stock Exchange, Poly Real Estate ranked second in comprehensive strength and among good performance stocks. The group’s culture industry has also achieved good results through business integration. Performance, theatre management, cinema investment etc are going smoothly; auction business has created new highs one after another. Its transaction volume in spring auction reached 630 million Yuan, exceeding China Guardian Auctions. Now Poly Auctions has been in the first place in auction industry with strong potential. In the second half of the year, Poly Group will seize current development opportunities and favorable conditions to implement tasks specified for the 2007. The group will improve management system and integrate various resources to make main businesses bigger in size and stronger. At the same time, the group will give full play to financing function of the listed company and ensure the issuance increase succeed to quickly enlarge the group’s assets size and influence. The group is striving to break through 50 billion Yuan in its assets size with total profit of 2.5 billion Yuan, thus being in the second row of enterprises directly under the central government, whose assets sizes are between 50 – 100 billion Yuan.