Report Summary: A financial agreement for mergers and acquisitions was signed with Silicon Valley Paradise. Silicon Valley Paradise and the company recently signed a “M&A Financial Advisory Agreement”. Silicon Valley Paradise was hired as the company's domestic and foreign acquisitions and mergers financial advisors, and set up an independent project team with Mr. Bao Yi and Mr. Lu Shigang as project leaders to provide services to the company. The company pays Silicon Valley Paradise 1 million yuan in financial advisory fees every year. Preliminary verification of the extension recommendation logic. Silicon Valley Paradise has rich practical experience to put forward rationalization suggestions for the company's strategic planning. The signing of this agreement will help the company sort out ideas for implementing domestic and foreign industrial mergers and acquisitions and integration. Silicon Valley Paradise will identify high-quality mergers and acquisitions for the company on a global scale. We believe that the company's future mergers and acquisitions goals will mainly focus on the field of robotics. Cooperation with Silicon Valley Paradise will accelerate the company's outreach process, verifying the company's recommendation logic for extending to the field of robotics. There is a lot of room for automated transformation of tire production lines. The poor working environment of tire companies, many production process links, and a low degree of automation make it imperative to automate the tire production process in China. We believe that the direction of automated transformation is for logistics systems and robots to participate in production. According to our grassroots research, the current transformation space for tire production lines in China is 2.5 billion to 5 billion dollars. Three major advantages help the giant wheel robot business continue to grow. At present, the company's research and development of various robot products has matured. We believe that a financing platform based on the tire industry, strong alliances, and listed companies will help the company's robots quickly open up the market. Maintaining the “buy” rating, the target price was raised to 25 yuan. The 2014-2016 EPS is expected to be 0.36, 0.5, and 0.62 yuan respectively, and the corresponding EPS is 47X, 34X, and 27X respectively.