The paper is at the first phase of exploring into the theory.
本研究尚处在理论初探阶段。
The first phase, financial planning, is the most basic and can be found at all companies.
第一阶段，财务的计划，是最基本的而且能在所有的公司被发现。
At present the first phase, steam huff-puff, still stays.
目前大都处在第一阶段—蒸汽吞吐。
At present, the company building the first phase of the project has been completed.
目前，公司的第一期工程建设已完成。
At present, the company building the first phase of the project has been completed.
目前，公司的第一期工程建设已完成。
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