Key investment performance changed from decline to growth, which was particularly evident in the fourth quarter: the company's total annual operating income was 642 million yuan, up 18.66% year on year; operating profit of 43 million yuan, up 109.20% year on year; and net profit attributable to shareholders of listed companies was 46 million yuan, up 18.30% year on year. Among them, revenue for the fourth quarter was 220 million yuan, up 50.58% year on year, up 38.49% month on month; net profit attributable to listed companies was 36 million yuan, up 226.67% year on year, up 103.06% month on month. Annual EPS = 0.06 yuan, in line with expectations. The 2014 profit distribution plan is to distribute a cash dividend of 0.07 (tax included) for every 10 shares to all shareholders. With the return of the former chairman, the performance performance is already very obvious. We look forward to this year's strategic layout: in 2012, the former chairman fled overseas on suspicion of bribing relevant departments of the Ministry of Railways. Currently, Xu Yusuo, the former chairman and legal representative, voluntarily surrendered to the People's Republic of China and is currently on bail awaiting trial. After that, 1) the anticipated increase in performance went from a 55% to 25% decline in the original three-quarter report to an increase of 18% 2) reduction in the shareholding of Kunpeng Communications (which became unbalanced); and 3) the establishment of an investment company as a platform for extended development. We believe that a number of events have shown that the return of the chairman of the board has given a great boost to the company's operations. The fourth quarter order exceeding expectations is a reflection of the company's business level getting back on track. Furthermore, the company reduced some of Kunpeng's shares and set up an investment company, all of which indicate that the company has had clear management and strategic ideas recently. 2015 will be an inflection point in the company's performance, and it is also a year worth looking forward to at the strategic level! Investment suggestions and ratings: In view of the company's leading position in the RFID industry, the former chairman's review will bring about the rapid development of the company after two years of slump. For the first time, it is estimated that the EPS for 2015 to 2017 will be 0.12, 0.17, and 0.24 yuan. Risk warning: The former chairman ruled that the results are still uncertain, and the company's business development falls short of expectations.