Entered into Internet finance and signed a major order to build a digital service platform in Zunyi. In November 2013, the company acquired 100% of Guohua Huiyin's shares for 30 million yuan, and will develop it into a nationwide Internet financial operator focusing on mobile payment and P2P online financial service models through continuous investment and shareholding expansion. In February 2014, the company signed a “Strategic Cooperation Agreement on the Digital Service Platform Construction Project” with the Zunyi Municipal People's Government. The total investment of the project is estimated at 220 million yuan, including the launch of 30,000 smart terminals throughout the city, the issuance of the Zunyi City Card, and the release of the “Zunyi Pass” mobile phone client, which is an important reflection of the company's strategic plan to enter the financial services field and will provide new profit growth points. Mining construction continues to advance, and efforts are being made to enter normal production conditions as soon as possible. The company has gradually been involved in mining since '11. So far, it has acquired a total of nine molybdenum and nickel ores, of which five have signed formal agreements and four have signed letters of intent. Molybdenum and nickel ore is widely used in the fields of steel, chemicals, electronics, etc., and the company is actively promoting preparations for mining production in accordance with relevant requirements and striving to enter normal production conditions as soon as possible. Due to the slowdown in approval progress for the 100kt/a high-carbon shale comprehensive development and utilization project of Zunyi Changzheng Mining Co., Ltd., on the one hand, the company is actively completing the relevant approval work, and on the other hand, it is also exploring ways to promote project construction through project cooperation and joint development. The electrical and wind power business is showing slight fatigue, and the company is stepping up product innovation to compete for the market. The company's electrical appliance business was affected by competition, and industry profits were further compressed, and the revenue growth rate showed a downward trend. The wind power industry is currently regulated by national policies, and the company's production capacity has not been effectively released, affecting the formation of large-scale benefits and the next development of products. As wind power prices may drop this year, there is a risk of further reduction in gross margin. The company is stepping up research and development of new products to reverse the decline in the industry. Profit forecasting and valuation. The company's EPS for the year 14 and 15 is expected to be 0.20 and 0.31, and the PE corresponding to the current stock price is 70X and 45X, giving it an “increase in holdings” rating for the first time. The target price is 20 yuan.