S*st Property Timing New Land reserve

At the annual general meeting of S*st Property (000011) held yesterday, Chen Yugang, chairman of the company, said the company will continue to take real estate as the main industry in the future. To enhance the company's sustainable development capability, the timing new land reserve will be the focus in the last two years.　　In addition, Chen Yugang also hope that if the share reform started again, hope that the circulation of shareholders can support to ensure that the next development of the company to obtain greater shareholder support. Last year, the S*st property through efforts to successfully make a profit, achieve net profits more than 9.8 million yuan. Carried forward by its development of Emperor Regency's three-stage Imperial Garden Project, to become the sole source of profit for S*st property; In addition, the commercial real estate has made good progress, in which, with Tianhong shopping mall signed a 15-year leasing agreement, shopping malls have been officially opened at the end of last year, not only for s*st property to bring a stable cash flow,　　Also reduced the cost of management expenses; In addition, through the sale of conference venues and the disposal of the rich Pro Hotel equity funds returned more than 22 million yuan, to some extent, eased the company's financial pressure. It is reported that the current S*st property in the construction of some projects to promote more smoothly, in addition to the royal garden, Xinhua Court Project is also officially on sale; In addition, the Shenzhen-Hong Kong, the Corridor Bridge mansion and other projects into the main structure of the construction phase, color-day and color of the exploration and design In this respect, Chen Yugang hopes to be able to increase the new sale of property, and through reasonable arrangement of funds and project construction progress, to ensure that the company's performance stability and improve this year. He also said that the S*st property realized that the real estate through the early trough, the current should be a better time to take the land, for this reason, the company is actively planning and mobilizing all resources, opportunistic access to new land project reserves.　　Geographically, in addition to Shenzhen, the Yangtze River south, especially in Yangtze Delta are the company's concern, he admitted that the fund gap for the company constitute a greater pressure. For investors concerned about the reform and restart the issue, Chen Yugang said that although there is still no major shareholder on the start of the share reform of the relevant information, but the company and some circulating shareholders to maintain a certain degree of communication, and some of its comments positive feedback to major shareholders. He stressed that the company's current operation of the fundamental improvement depends on the support of major shareholders, and the reform through the completion of the important prerequisite to obtain support. In this regard, the wishes of the company and the circulating shareholder should be consistent.