Glonghui May 16 丨 Huaxin Securities's May 15 research report indicates that COSCO Haike (002401.SZ) is a leading enterprise in smart transportation and smart shipping, and its performance is growing steadily. The company's revenue increased from 651 million yuan in 2015 to 1,752 million yuan in 2022, with a CAGR of 15.20%. The corresponding net profit attributed also increased from 54.84 million yuan to 182 million yuan, a CAGR of 18.69%. The company has continued to expand its smart shipping business in recent years, creating a second growth curve. Furthermore, the company continues to create digital shipping products based on the advantages of smart shipping business. By the end of 2022, the Chuanshibao platform had promoted more than 300 corporate users, with a total of more than 50,000 individual users. The company has accelerated the exploration of the potential of shipping data elements. The shipping data center has newly integrated eight categories of new data, including liner schedules and coastal ship files. The depth and breadth of analysis and mining has been further enhanced, and new performance highlights have been added to the shipping data business. First coverage, giving a “buy” investment rating.