Important Note 1.1 The Board of Directors of the Company, the board of supervisors and directors, supervisors and senior management to ensure that Cheap wedding dresses the information contained in this report does not contain any false records, misleading statements or material omissions, and the truthfulness, accuracy and completeness bear individual and joint responsibilities. annual christian louboutin wedding shoes report summary is taken from the annual report, investors want to understand the details of the annual report should be read carefully. 1.2 If the directors did not attend the Board of Directors, and his name shall be shown separately 1.3 Tianjian CPAs Limited Company has issued a standard unqualified audit report. 1.4 the existence of the funds by the controlling shareholder and related parties for non-operating occupancy? 1.5 the existence of a violation of the provisions of the decision-making process and guarantees provided? 1.6 is responsible for Replica watches for sale Xu Gang, chief accountant and head of Yangcheng Cheng and accounting department (accounting officer) the Wang Bingjiang Statement: christian louboutin under $100 to ensure that financial reporting in the annual report is true, complete. the basic situationdirectors, supervisors and senior management personnel 5.1 directors, supervisors and senior management ownership Replica Rolex watches changes and rewards Unit: shares 6 Report of the Directors 6.1 Management Discussion and Analysis in 2009, is the first year of the implementation of the transition, the company's main task is the clear direction of development, improve the company economic benefits. Through the efforts of all staff, direction of development can be clarified Replica rolex and preliminary propulsion significantly Cheap wedding dresses improved operating results, operating revenue of 1.111 billion yuan, total profit of 13,903.08 million. As follows: company through a lot of market research combined with company resources, clarified that the company will be the development of modern service industry. Commercial real estate as a core business, commerce operators and hotel chains supporting the business, financial investment to support business. the Hangzhou Hotel determine the positioning of the Software is to strengthen the internal control system, the formation of the hotel network, system management structure. Hardware, has carried out the transformation Cheap Homecoming gowns of multiple projects, in order to highlight its own characteristics and market appeal. Hangzhou Replica watches Hotel in the case of large-scale renovation, the annual operating income 3,722.33 ten thousand yuan, profit of 1,282.81 million. the provider Habitat Property branch around the Facade advertising development and rental of Replica rolex Ladies Watches mining expansion of rental housing area to complete the second Prom dresses 2012 floor for lease, the expansion of the collectibles market, and to organize exchange and thematic exhibition to raise Homecoming dresses additional revenue. Realize an annual sales income of 1,669.76 yuan, profit of 5.773 million yuan. the Hangzhou Department Store The companies continue to do Evening dresses the Replica watches service of the department store business is the Intime entrusted management to provide good conditions. the in 2009, under the principle of Last year the new lake treasure, Jinke Group, Zhuji details of students, Yantai Sunshine 100 Subscription of new shares, short-term investments in securities for the company to increase efficiency. 43.42 million yuan of annual short-term capital gains. the (1) the report period, the assets constitute a year-on-year significant changes note: the: the Description: the 1) monetary funds 35.23% less than the beginning of the period, mainly due to new foreign investment and other reasons due. the 2) trading financial assets Replica watches decreased by 99.95% than the beginning of the period, mainly for the Replica rolex current redemption monetary fund investment caused. the 3) prepayments than the beginning of an increase of 60.33 times, mainly company transferee an issue of commercial land in the corresponding pay part of the land transfer of 530 million yuan due. the 4) Other current assets increased by 45% than the beginning of the period, mainly for the current new commissioned a $ 90 million loan due. thelong-term equity investments in 5) than the fake omega for men beginning of Homecoming Dresses on sale the period increased by 9.98 times, mainly the company's current 130 million yuan on the replenishment of the Bank of Communications Co., Ltd. in Hangzhou caused. the 6) than at the beginning of construction in progress increased by 9.41 times, mainly the company's current due Hangzhou Hotel renovation of $ 8,522,252.14. the 7) Long-term prepaid expenses less than the beginning of period 30.56%, mainly during the reference period the long-term deferred fee balance has been reduced due to the 8) short-term Christian louboutin outlet borrowing increased iphone more than at the beginning, mainly because the company need to increase 300 million yuan loan due. the 9) notes payable 100% less than at the beginning, mainly Hangzhou Department Store Replica watches Decrease the scale of home appliances and telecommunications distribution, reduce the corresponding opening of bankers' acceptances due. the 10) long-term loans increased more than at the beginning, mainly because the company needs to increase due to $ 80 million loan. the 11) Other