Summary of the report:
The traditional LED lighting industry has expanded steadily, and intelligent security has opened a new blue ocean. With the help of perfect overseas sales channels, the company will upgrade its smart home business. The company combines security products with courtyard lighting products and works with industry giants to develop smart home business. Benefiting from the accelerated layout of the smart home industry by the technology giants, the company is expected to lead the industry in the smart home field, achieve the upgrading and transformation of traditional lighting business, and quickly enhance profitability.
Increase the size of the photovoltaic industry to achieve rapid performance growth. Benefiting from the recent global attention to renewable energy and national support for the photovoltaic industry, the photovoltaic industry will usher in new development opportunities. The company is one of the earliest leading enterprises engaged in photovoltaic business, accumulating sufficient technical advantages and market experience, combined with traditional business choice to enter the field of photovoltaic power station, the next three years will usher in a performance explosion. At present, the company is in the hands of a number of major contracts, the performance has sufficient support.
Layout of graphene technology, new energy technology breakthroughs can be expected. At present, graphene has broken through the bottleneck of preparation. Powder and thin film graphene materials have been industrially applied in consumer electronics, integrated circuits, lithium batteries, supercapacitors, rubber and plastics, coatings, adsorbents and other subdivided industries. As an early enterprise in the layout of graphene technology, the company has enough space to develop the reserve of industrial varieties, and the company can develop the business of advanced energy materials around graphene technology in the future.
Smart home business and new energy technology platform upgrade in parallel, the company's secondary growth is expected. Join hands with industry giants to develop smart home business, the company is expected to upgrade home security service providers. As an early enterprise in the layout of graphene technology, the company has enough space to develop the reserve of graphene industrialization varieties, and the company can develop the business of advanced energy materials around graphene technology in the future. We are optimistic that the company's smart home business and new energy technology platform will be upgraded in parallel. It is estimated that in 16-18, the company's EPS will be 0.81, 1.05, 1.20 yuan, with a "buy" rating.
Risk hint: graphene new energy business expansion is not as expected.