Incident: The company announced that it plans to purchase 80% of Jinwang Antai's shares by issuing shares and paying cash. The underlying assets are priced at 960 million yuan, of which 144 million yuan is paid in cash. At the same time, the company raised 960 million yuan in supporting capital, of which 169 million yuan was used to pay cash consideration and related expenses for the acquisition; the remaining capital was used to include: 1) a financial risk management platform project based on big data; 2) a scenario oriented consumer finance IT cloud service platform project; 3) the construction of a supply chain finance IT cloud service platform project and the construction of a R&D center and supplementary liquidity. Jinwang Antai is a leading solution provider in the field of commodity trading in the country, with a market share of 20%-30%. The acquisition corresponds to a valuation of 15 times the 2016 performance promise. Jinwang Antai, which was acquired this time, is mainly engaged in platform construction, consulting, operation and maintenance services for commodity e-commerce. Currently, it covers nearly 400 high-quality customers across the country, including national, local, and leading enterprises in the industry. The company's performance commitments for 2016-2018 were 80 million yuan, 104 million yuan and 135 million yuan respectively. 80% of Jinwang Antai's shares are priced at 960 million yuan, corresponding to a valuation of 15 times the 2016 performance promise, and is within a reasonable valuation range. The company has a certain market share in the commodity trading market, and its market share is between 20% and 30% (there is no uniform statistical caliber; data disclosed in company announcements is used). Acquisitions enhance the supply chain financial card layout; fund-raising projects enhance the service capabilities of the Xinyada platform; and under a multi-pronged approach, the strength of traditional financial IT vendors continues to improve. It reflects the company's increasingly active and pragmatic development strategy. Xinyada focuses on the financial sector, providing software, hardware and services for banks and other financial institutions, including building process banks, e-banking, remote banking, etc.; software outsourcing and business process outsourcing services for banks. Previously, the company defined a development strategy for developing supply chain financial IT services. The acquisition of Jinwang Antai is expected to make use of the rich customer resources it has accumulated in the commodity trading field (more than 300 commodity trading markets and group e-commerce platforms, more than ten years of business experience), and has accumulated technology and resources with the company for more than 20 years in the banking business field, further enhancing the company's competitiveness in this field. At the same time, the fund-raising project has built three platforms, and the company's platform-based service capabilities have been further optimized. The company's 2016-2018 EPS is expected to be 0.67 yuan, 1.03 yuan, and 1.29 yuan respectively in 2016, assuming that the company's traditional financial IT business will maintain growth of about 20%; if the technician information previously acquired can fulfill previous performance promises, if Golden Net Security can complete the acquisition and achieve merger in the fourth quarter, without considering the revenue that may be brought about by fundraising projects, and considering the stock dilution brought about by the increase, the company's 2016-2018 EPS is expected to be 0.67 yuan, 1.03 yuan, and 1.29 yuan respectively. Risk warning is uncertain about whether or not it has been issued and over time; the traditional financial IT industry as a whole lacks opportunities for explosive growth; and valuations are not low.