Tianjin Hongfeng Industry Co., Ltd (stock code: 000594, hereinafter referred to as the company) realized net profit RMB13,182,600 in the first half of 2006, with each share earning RMB 0.023. It is estimated that net profit in the first half of 2007 will enjoy a big-margin year-on-year growth. The main reason is that the company has sold out 90% shares of Shanghai Jinzhi Industrial Co., Ltd. In the share transfer, the company gained a non-operational net earning of RMB 81 million. In the first half of 2007, revenue from prime operations will be basically the same as that in the same period of 2006. Therefore, the financial department of the company forecasts that, upon summing up the two earnings, the net profit of the company in the fist half of 2007 will grow by 600-650% compared with the same period of 2006.