The company released its 2015 performance report. Total revenue was 846,217,770.43 yuan, +63.50% over the same period last year; total profit was 24,448,395.66 yuan, +68.17% over the same period last year; net profit attributable to shareholders of listed companies was 28,584,326.91 yuan, +50.33% over the same period last year. Regardless of the impact of epitaxial mergers and acquisitions, endogenous growth performance is in line with expectations. The company recently received the “Notice of Winning Bid” and determined that the company was the winning bidder for the Nanning Rail Transit Line 2 project integrated procurement of police communication system equipment and related services. The winning bid amount was RMB 50,500,000. In terms of traditional business, external market development efforts were stepped up, internal management was strengthened internally, and performance grew rapidly in 2015. In 2015, the company increased its market development efforts, which led to a significant increase in sales performance compared to the same period last year. At the same time, in terms of cost control and internal management, the company strengthened internal management and improved management efficiency. Operating profit increased 68.17% year on year in 2015. While improving its ability to obtain orders, the company has strengthened its ability to optimize its asset structure, received claims for the execution of some contracts, and disposed of some of the company's assets. The endogenous epitaxial dual-drive layout of the big data industry chain provides strong support for the integration of industry and finance. The company's Internet of Thing+ and medical robots and wearable devices that cooperate with Imperial College and Pioneer Finance are expected to become the entry point for big data collection. At the same time, the company established Huaihai Data Company to develop big data trading, cleaning, and modeling technology, and obtain research support from Imperial College in the field of big data science through epitaxial cooperation. The company currently collects big data - transactions, processing - modeling and analysis, and the layout of the entire industry chain will provide strong support for the company to develop supply chain finance, credit reporting and other services in the future. It is expected to rely on the majority shareholders' resources to lay out the entire financial industry chain. The company already has a presence in the fields of securities, microfinance, funds, investment, mutual insurance, etc. Some of the company's targeted additional capital will also be invested in the fintech cloud and the merger and acquisition of Yinghua Leasing, and the large stock Pioneer Finance is even more powerful in the financial sector. By arranging the financial sector to provide financial services to customers in the industrial chain, the company can establish close ties between upstream and downstream companies and form a competitive advantage in the industrial chain. Active interaction between industry and finance, and the combination of fiction and reality will help the company open up a wider space for growth in the future. Maintain the “increase in wealth” rating. Maintain the 16/17 profit forecast of 67 million and 84 million, corresponding to PE 71/57 times. Risk warning: the risk that mergers and acquisitions will not pass