Gelonghui, May 26 丨 According to the Minsheng Securities Development Research Report, Digital Communications (300075.SZ) released the 2023 Restricted Stock Incentive Plan (draft). Incentives cover a wide range of areas, and performance assessment goals reflect the company's confidence in development. Furthermore, the “Outline of the National Water Network Construction Plan” was released, and the company is expected to benefit as a leader in smart pipe networks. A large number of urban data fields have been accumulated, and the field of data elements has great potential. Minsheng Securities said that the company is a leading enterprise in “one network management” and other fields. It continues to cultivate related segments, and its competitive strength continues to improve. In the era of big data elements, the company has a large number of data resources in urban management and other fields, which is expected to benefit from the development of the data element industry in the medium to long term. The company's net profit from 2023-2025 is estimated to be 342, 442, and 563 million yuan respectively. The corresponding PE is 38X, 30X, and 23X respectively, maintaining the “recommended” rating.