Event: The company released its 2014 three-quarter report. In the third quarter of 2014, the company achieved operating income of 46.5881 million yuan, a year-on-year decrease of 39.31%, net profit of 1.7722 million yuan, a year-on-year decrease of 160.80%; from January to September 2014, the company achieved cumulative operating income of 187 million yuan, a year-on-year decrease of 19.96%, and net profit of 15.26.1 million yuan, an increase of 14.57% year-on-year. Furthermore, the company announced the appointment of Mr. Zhang Zhenglong as the company's deputy general manager. Report summary: Orders for large-screen products increased by 200% throughout the year. As of the end of the reporting period, the company's main business was three main business models: large screen splicing screen display systems, digital laboratories, and intelligent service robots. Net profit increased year-on-year in the first three quarters of 2014, due to a steady increase in the total number of orders for large-screen splicing display systems, but in the third quarter, due to loss in the performance of the digital education industry, operating profit declined this quarter. Companies in the digital education industry are considering divestment. With the continued growth of large screen orders, the gradual divestment of digital education, and the implementation of orders for mobile policing platforms, the company is expected to achieve net profit attributable to shareholders of listed companies for the full year of 2014 to 24 million yuan to 26 million yuan, an increase of 222.29% to 249.15% over the previous year. Zhang Zhenglong's military sports management background will help the company develop and sell robot products. Zhang Zhenglong, the new deputy general manager of the company, was a member of the Standing Committee of the Party Committee and Deputy Brigade Captain of the PLA Military Sports Brigade in October 2008, the Party Branch Secretary and Director of the First Division of the General Staff Training and Classification Department in December 2010, and a member of the Standing Committee of the Party Committee, Party Secretary, and Political Committee member of the PLA Military Sports Brigade since July 2011. When Zhang Zhenglong joins the company, he will bring his military sports training and implementation experience to the company and raise the company's robot research and development level. At the same time, his extensive military sports-related resources will definitely promote sales of the company's products. The robotics business is the company's main focus in the future. As of September 30, 2014, the company has obtained intentional orders for mobile policing platforms with a cumulative amount of not less than 46 million yuan signed by dealer customers across the country. In order to be close to user needs, the product has received further version upgrades from the manufacturer, improved the appearance based on the old platform, improved product performance, and is expected to contribute profits to the company soon. In addition, the company's “Vehicle Self-Balancing Medical Aid Platform” will soon be released. There are currently no similar products on the market for this product, so the company has a first-mover advantage. Profit forecast and investment value: We are optimistic about the company's sports robots and ambulance robot prospects. We expect the company's EPS in 2014 and 15 to be 0.11 and 0.93, and the corresponding PE is 160X and 20X, maintaining the “buy” rating.