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【东北证券】键桥通讯:业绩大幅增长,布局大数据+互联网金融

東北證券 ·  Feb 29, 2016 00:00  · Researches

Investment event: The company released its 2015 annual results report, achieving operating income of 8462.17,800 yuan, a year-on-year increase of 63.50%, operating profit of 22.8665 million yuan, an increase of 1,778.07% year-on-year, and net profit attributable to shareholders of listed companies of 28.5843 million yuan, an increase of 50.33% over the previous year. Report Summary: Significant growth in performance and improvement in operating efficiency. In 2015, the company stepped up its market development efforts, greatly improved sales performance, improved management efficiency, and ushered in a significant increase in performance. During the reporting period, the company transferred part of its accounts receivable, prepaid accounts and other receivables to control the company's risk. Divestment the inefficient, long recycling cycle, and high-risk radio, television, and Cambodia business to improve business quality. The big data layout is gradually improving. During the reporting period, the company participated in the establishment of Huaihai Data Company and entered the field of big data transactions. In October 2015, the company named Imperial College Big Data Research Center, and carried out in-depth cooperation in the fields of big data technology, wearable devices, and medical robotics, receiving technical support from Imperial College and adding big data acquisition terminals. In November, the company cooperated with China's leading big data asset operator Jiujiangfang to develop the government's big data platform construction business and further develop the big data layout. Pioneer Financial Group has taken over, and there is plenty of room for integrating industry and finance. The company added 397 million shares to Qiande Jingyi in October 2015. The Jingyi affiliate, Pioneer Financial Group, actually took control of the company. Pioneer Financial Group is strong in the financial field and has a presence in the fields of financial leasing, microfinance, financial payments, investment, guarantees, insurance, and crowdfunding. The company then targeted additional investment into the fintech cloud service platform project, set up pioneer capital, acquired Hong Kong Yisheng Securities, broadened its business areas, and collaborated with the majority shareholders' superior business resources. The Internet finance layout is expected to help the company provide financial services to customers in traditional industrial chains and enhance the competitive advantage of the industry. The company is building a comprehensive R&D platform based on IoT technology and IoT industry solutions. Combined with the company's layout in the field of big data, it is expected to provide strong support and broad space for the integration of industry and finance. Investment advice: The company expects an EPS of 0.11/0.16 yuan in 2016/2017, giving it an “increase in wealth” rating. Risk warning: Innovative businesses are developing faster than expected.

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