Julun Co., Ltd. completed an increase in 2014 and laid out the robotics business. Although the performance was lower than expected, 2015 benefited from robot growth, falling financial expenses, possible mergers and acquisitions, and investment in the Industry 4.0 theme. The performance growth rate is expected to be far higher than 2014. In particular, the situation in the first quarter was better than expected, giving it a highly recommended rating! The company has a clear strategy and continues to cultivate new products. Before 2011, Julun Co., Ltd.'s products were mainly tire molds, benefiting from the development of the automobile industry and the increase in tire radial conversion rates. Of course, they were also affected by cyclical fluctuations in the automobile industry, and adjustments were also made in 2012. The company began developing hydraulic vulcanizers in 2005, and raised capital to build hydraulic vulcanizer projects by issuing convertible bonds twice in 2007 and 2011. The current production capacity of hydraulic vulcanizers has reached 320 units/year, and the share of all hydraulic vulcanizers in China is the largest. In 2013, Julun Co., Ltd. began cultivating the robot industry. It has now formed molding products for various types of heavy-duty robots, making a good layout for the future development of complete tire processing automation equipment. Giant Wheel Robots are just starting to be sold, and small batches are expected in 2015. Domestic tire companies such as China Policy, Fengshen, Shuangqian, Zhengxin, and Sailun have introduced automated production models and equipment in recent years. The first industrial robot automation line custom-designed by Julun Co., Ltd. for Zhongce Rubber Group was officially put into use last year. Julun Co., Ltd. focuses on improving the soft power of robot research and development. The company began research on robots during the development of vulcanizing machines in 2010. The robot grabs and unloads blanks from the vulcanizer. In 2014, the company set up an intelligent equipment research and development center in Guangzhou, and also invested 5 million yuan to set up a wholly-owned subsidiary in the Anhui robot industry agglomeration area for the East China market. The company has established a pool of robotics experts. German experts are responsible for system integration, Japanese experts are responsible for electrical feedback control, and domestic university experts are responsible for controller research. Judging from the strategic evolution of the company's history and the trend of upgrading in the tire manufacturing industry, Julun Co., Ltd. intends to acquire robots and automation overseas in the future. Silicon Valley Paradise has been hired as a financial advisor for major domestic and foreign acquisitions and mergers, and the two sides plan to cooperate in the fields of strategy and capital markets. Julun Co., Ltd. is a 4.0 leader in the tire equipment industry. The company completed additional sales in 2014 and laid out the robotics business. Although the 2014 performance was lower than expected, we predict that 2015 will benefit from new business growth and lower financial expenses, and the performance growth will be significantly better than last year. The 2014-2016 EPS is predicted to be 0.27, 0.38, and 0.48 yuan, and the 2015 and 2016 dynamic PE42 and 32 times. The valuation is relatively reasonable. Considering possible future mergers and acquisitions, increased performance growth this year, and the introduction of the Industry 4.0 policy, it is highly recommended. Risk warning: merger risk; rising raw material prices.