For the first time, the overweight rating is given, with a target price of 28.4 yuan. It is estimated that the EPS of the company's main business from 2015 to 2017 will be-0.64, 0.02, 0.04 yuan. If the merger and acquisition is successfully completed, the net profit of the preparation for the examination from 2016 to 2017 is 1.26 / 196 million yuan, corresponding to 1.71 EPS 1.10 yuan. Combining the two valuation methods of PE/PEG, it gives the company a target price of 28.4 yuan and gives an overweight rating for the first time.
Former regional retail giant, the transformation of car networking business, Nuggets future car. Affected by multiple factors, the growth of the company's main business is weak, and its sustainable profitability is gradually losing. It is proposed to achieve a comprehensive change of the main business through the acquisition of rental cars. After the completion of the acquisition, the main business of the listed company will be changed to the car Internet business, this restructuring will greatly improve the asset quality and sustainable management ability of the listed company, and achieve a comprehensive transformation.
The high-speed development of the shared economy market has brought unremitting impetus to the growth of performance for rent. Yi Rent is the first vehicle networking platform in China to provide all-round services for enterprises and Internet chauffeured cars. The suitable rental car network has more than 1000 self-operated vehicle license plates and covers 27 cities.
The fast-growing car-sharing market brings unremitting impetus to the company's future performance growth.
With the collection of their own advantageous resources, it is expected to share the ultimate future of self-driving. Self-driving + shared travel is the ultimate mode of industrial development in the future. The maturity of self-driving hardware will bring opportunities for the development of follow-up software and operation. According to ABIResearch, 400 million people worldwide will rely on self-driving car sharing services in 2030. As a sharing service platform to master people, cars, data and other superior resources, the company will face major development opportunities in the field of shared self-driving, which is expected to achieve the ultimate future of shared self-driving.
Risk hint: the progress of reorganization is not as expected, the development of vehicle network is not as expected, and the risk of being ST