Leading manufacturer of IoT solutions. The Internet of Things is the “Internet of Things” and is known as the third wave in the development of the world's information industry after computers and the Internet. The company is a representative enterprise of the Internet of Things industry in China and the world's leading supplier of RFID products and solutions. It has been committed to RFID technology and product research and development since 1993, and pioneered large-scale application of RFID products in China through the China Railway Vehicle Number Automatic Identification System. From electronic tags to solutions, we have the ability to fully customize for customers. Yuanwang Valley has 6 series of more than 100 RFID products with independent intellectual property rights, including readers, electronic tags, antennas and their derivatives. The company also has nearly 200 RFID patented technologies, comprehensive technical reserves, and the ability to customize comprehensive solutions and product supply for customers. After digging deep into the railway and library markets, RFID was spread to all fields of the national economy. Focusing on the main business of the Internet of Things, the company explores the application potential of the six major markets of railways, libraries, international markets, tobacco, alcohol, agriculture and animal husbandry, and domestic markets to establish market advantages; while also developing RFID opportunities in new industries such as logistics, ports, food, publishing, hotels, tourism, etc., it continues to vigorously develop system solution capabilities while improving product capabilities; and continuously explores and innovates business models. The former chairman returned home, and the greatest uncertainty was removed. The company announced on the evening of December 1 that Xu Yusuo, the former chairman and legal representative, voluntarily returned to China to surrender, and that the procuratorial authorities had taken measures to obtain bail pending trial against Xu Yusuo. As of the end of September this year, Xu Yusuo held 25.19% of Yuanwang Valley's shares, and was still the controlling shareholder and actual controller. According to a report by Xinhua News Agency on October 28, 2012, the former chairman of the board is suspected of bribing Liu Ruiyang, the former deputy director of the vehicle department of the Transportation Bureau of the Ministry of Railways. The Liu Ruiyang case was prosecuted according to law on May 19, 2014, and the public trial was completed from July 15 to 18, 2014. After the public trial was completed, the former chairman returned to China and surrendered voluntarily. Risk Alerts. Company morale boosts progress risk. Give it a “buy” rating. EPS is expected to be 0.04/0.12/0.15 yuan in 14/15/16, an increase of -32%/226%/30% over the previous year. The IoT industry has broad prospects. After the chairman returned home, the company's fundamentals bottomed out and rebounded, giving it a “buy” rating, and a reasonable valuation of 12 yuan for one year.