The company provides complete solutions for industrial intelligent material transportation and batching, integrating scheme design, R&D and creation, equipment manufacturing, system integration, sales and service, and is a leader in industrial intelligent conveying and batching systems in the domestic rubber tire industry. Industrial intelligent conveying ingredient systems have broad prospects. In 2014, the total investment in purchasing equipment and tools in China's rubber and plastic products industry was about 74.17 billion yuan, an increase of 19.8% over the previous year. During the “12th Five-Year Plan” period, the total value of the rubber industry will double, and the average annual growth rate is expected to reach 15%. The rapid growth in tire demand in Southeast Asia has also created huge market demand. As requirements for energy saving and environmental protection, labor protection, product accuracy, product quality stability, and information management in production and processing increase, it has become an inevitable trend for industrial intelligent conveying ingredients systems to replace manual ingredients in traditional industrial production. The company has advanced core technology in the industry. Since the establishment of the company, all core product technologies have been independently developed. The core technology has reached or surpassed the international level. The technical level of intelligent ingredient system products is in the leading position in the industry, and can completely replace imported products. In recent years, the company is based on the development and production of intelligent conveying and batching system products in the rubber tire industry. At the same time, it has relied on continuous innovation and R&D capabilities to research and develop a number of new systems and products in the petrochemical, building materials, new materials and other industries, and has strong competitiveness in new product development and market segments. The leader in intelligent ingredient systems in the domestic industry. The industrial intelligent conveying and batching system products in the domestic rubber tire industry are all non-standard products. Most enterprises in the industry are small and medium-sized enterprises. The company has a certain scale and is one of the leaders in the industry, which basically dominates the development of industrial intelligent batching systems in the domestic rubber tire industry. The company's business is also expanding new market segments such as petrochemicals, building decoration materials, new materials and new energy sources. The brand advantage will play a significant role in future new product promotion and new field development. The funds raised this time are mainly used for intelligent transportation and ingredient system construction projects, and the R&D center has raised 353 million yuan, and plans to invest 163 million yuan in raised capital. The construction period of the project is 1.5 years. In the year the project is completed, it will produce 85 sets of auxiliary equipment systems on the mixer, 50 sets of pneumatic conveying systems, and 35 sets of small material weighing and batching systems per year. It is expected to achieve an additional annual sales revenue of 196 million. Annual net profit of 38.1267 million yuan was added. The number of new shares issued by the company this time is no more than 16.67 million shares, and the total share capital after issuance is no more than 66.67 million shares. The amount raised is about 163 million yuan, the issuance fee is 26.7813 million yuan, and the issue price is 11.39 yuan/share. The diluted calculation company's 2015-2017 EPS was 0.53, 0.68, and 0.87 yuan, respectively. According to the comparable company's 15-year dynamic valuation, we gave the company 45-50x dynamic PE for 2015, and the reasonable value range should be 23.80-26.50 yuan. Risk warning: Rubber tire industry development risks, subsidiary leasing land and real estate risks.