One of the most influential IT enterprises in China.
The company is the only A-share listed company under Peking University founder Information Industry Group. As a subsidiary of Peking University Fangxia Group, founder Technology is one of the most influential IT enterprises in China. The company announced that it will wholly acquire 100% stake in founder Broadband Network Services Co., Ltd., founder International Software Co., Ltd., and begin to enter the smart city and community broadband business.
Founder International-Smart City Practitioner.
Founder International is an IT enterprise engaged in system integration and other business under founder Xinsheng. The company engaged in smart city business earlier, has formed a relatively clear strategic system. At the same time, relying on the rich resources of Peking University Resources, founder Medical and other subsidiaries of founder Group, the company can launch more diversified business models in the field of smart cities in the future.
Founder Broadband cut into the community smart cabinet business through broadband network.
Relying on the wide range of users covered by the broadband network, founder Broadband has gradually implemented the smart community strategy.
In April 2014, the company began to launch founder smart cabinet business, and successively installed intelligent express terminals in some residential areas in China to engage in express collection business. Different from ordinary enterprises engaged in smart cabinet logistics, the company has 4 million broadband access users and is rich in community resources, which is expected to achieve rapid promotion.
The transformation from IT manufacturing to IT operating services.
At present, the company's PC production business industry has low added value, and it is facing the problem of bottleneck of industry growth. Through the acquisition of founder Broadband and founder International, the company has successfully realized the transformation to a higher value-added IT operation service business, and is expected to enter the fast growth lane. At the same time, as the only A-share listed company under founder Xinyi, deeper cooperation with other subsidiaries of the group will be a high probability event.
Existing shareholders and employees also show confidence in the long-term development of the company.
It is estimated that the diluted EPS from 2014 to 2016 is 0.13,0.16,0.19 yuan respectively, corresponding to 34 times, 27 times and 23 times PE respectively. Give a "buy" rating.
Risk hint.
At present, there is a risk of decline or weakness in the main business; competition in the smart community market intensifies.