Joining hands to revitalize, Wang Zhe Lai's cooperation with Jiawei Co., Ltd., which has a deep accumulation in the photovoltaic field, and Zhenfa New Energy has also enabled Jiawei to reappear in A-shares as a leading company in the photovoltaic field. After Huayuan New Energy entered the Jiawei system, Jiawei formed a whole industry chain pattern of photovoltaic modules, EPC+ power plant operation, and new photovoltaic materials. Compared with similar A-share companies, Jiawei has taken the upper hand, and the core resources gathered with its core advantages will help Jiawei reach a new level. Brand+channels are gaining strength, and the new pattern of LED development has developed in depth through the acquisition of Zhongshan Pinshang and European L&D, LED branding strategy and channel strategy. By continuously sorting out the product lines of the three business segments of photovoltaic lighting, LED lighting, and LED display, we focus on advantageous and high-growth businesses, strive to achieve reasonable resource allocation, and promote the continuous growth of core business. LED lighting and LED displays will form new growth points. The development of new products is progressing rapidly, and with the help of the original sales system, it is expected that they will be released rapidly. The profit forecast and valuation take into account that the company completed mergers and acquisitions in 2015. We expect the company's EPS for 2014-2016 to be 0.15 yuan, 1.20 yuan, and 1.85 yuan, respectively. Given the company's leading position, its explosive performance period, and relatively small market value, we think it is entirely reasonable to give it a valuation of EPS30x in 2015. Therefore, we gave it a “buy” rating, with a target price of 36 yuan for 6 months.