Events: 1. The company plans to change the use of some of the capital raised for the “public travel service and automotive aftermarket service” sub-project in the “Transportation Smart Information Service Platform Construction Project” to invest in the “Internet +” transportation industry; invest 24 million yuan to participate in the establishment of an Internet of Vehicles company; 2. The company invests 5 million to participate in the investment of the Internet industry fund; 3. The State Council's executive meeting plans to promote the healthy and rapid development of cross-border e-commerce, and use “Internet+foreign trade” to achieve superior entry and exit, expand consumption, and promote open economic development and upgrading. Comment: Seize the development opportunities of the “Internet +” logistics industry and accelerate development. The company invested 24 million yuan to jointly establish Anhui Xingyun Tianxia Vehicle Association Technology Co., Ltd. with Anhui Expressway Network Operation Co., Ltd. and Anhui Tianxingjian Health Management Co., Ltd.; relying on its own technology, capital and other advantages, the company actively expanded the potential market space of the “Internet +” logistics industry, achieved a better combination through cooperation, and continuously enhanced the core competitiveness of the company's “Internet +” logistics business. Participate in investing in Internet industry funds to help transformation with epitaxial growth. The company invested 5 million yuan to participate in the Internet industry fund initiated by Qingke Investment. Zinke Investment was established in 2006. Currently, it has invested in more than 100 outstanding enterprises, covering various industries such as the Internet and mobile Internet, consumer retail and services, and healthcare. This foreign investment can make full use of the resource advantages of both parties, help the company seek high-quality investment targets in high-growth industries such as mobile Internet and next-generation Internet, is in line with the overall development strategy of enterprises integrating into the “Internet +” industry, and protect business transformation and upgrading. Policies promote the accelerated development of cross-border e-commerce, and the advantages of corporate cards continue to be highlighted. The scale of cross-border e-commerce transactions in China is expected to maintain a CAGR of 30% in the next 2-3 years, and the volume of cross-border e-commerce transactions in 2017 will account for about 20% of total import and export trade, with an amount exceeding 6.6 trillion yuan. The company's Huadong Electronics and China Port Network have a high market share in the field of port informatization, with outstanding card slot advantages, and are expected to benefit from the accelerated development of cross-border e-commerce and the opportunities brought to port logistics informatization. Investment advice: The company's 2015-2017 EPS is expected to be 0.31, 0.38, and 0.48 yuan, respectively. We expect that in the future, the company will combine endogenesis and extension to accelerate the layout of the Internet logistics business and the expansion of new businesses, and maintain a “buy” rating, with a target price of 55 yuan. Risk warning: The company's new business promotion progress is lower than expected.