SANXIANG IMPRESSION(SZ:000863)2022-12-08 09:20Group 1: Project Progress and Sales - The Yanjiao project has not yet fully transferred land [2] - The majority of the Yanjiao project land is residential, with some commercial land [2] - Sales for the Zhongying Black Forest project are currently average [2][3] - Overall market conditions suggest this year's sales may not exceed last year's, pending Q4 performance [3] Group 2: Market Outlook and Product Positioning - The company maintains a long-term optimistic view on the housing market in first-tier cities, despite current purchase restrictions in Beijing, Shanghai, Guangzhou, and Shenzhen [3] - The company focuses on green technology real estate, emphasizing energy efficiency and environmental protection [3] - The product development strategy prioritizes quality, with a focus on finely decorated products and German-style green technology real estate [3] Group 3: Future Projects and Market Strategy - Upcoming projects expected to generate sales include the Sanxiang Four Seasons Flower City E plot in Songjiang, Shanghai, and the Haishang Black Forest in Chongming, as well as the Yanjiao project in Hebei [3] - Most projects are concentrated in Shanghai, with a preference for first-tier cities, although good quality projects in other cities are not ruled out [3] - The company currently has no plans to diversify into other industries, focusing solely on real estate development [3] Group 4: Shareholder and Investment Information - Shareholders of Xiang Mango Cultural Investment Company include Hunan Broadcasting System (30%), Shanghai Puxiang Investment Co., Ltd. (30%), Shanghai Lushen Cultural Investment Co., Ltd. (30%), and Hunan Development Group Land Reserve Development Co., Ltd. (10%) [3] - The Xiang Mango project is located in the Xuhui Binjiang West Media Port, primarily focusing on office and business, integrating Hunan TV's cultural industry [3] - The company does not currently plan to enter the cultural media industry, viewing the Xiang Mango project as a real estate development [3] Group 5: Stock and Corporate Relations - There is no relationship between Yandi Bio and the listed company; Yandi Bio is established by the company's controlling shareholder and is unrelated to the listed company [4] - Shareholder reductions in stock are considered normal in the context of next year's lock-up expiration [3]