Acquired 51% of Shanghai Jiapeng Culture's shares for 45.5 million yuan. On September 19, the company announced that it signed an agreement with Hu Yanjiong, Zhang Ying, and Ms. Cao Yixi to purchase 51% of its shares in Shanghai Jiapeng Culture Communication Co., Ltd. (45.5 million yuan), Yueqing Fengyu Steady Education Industry Equity Investment Fund Partnership (limited partnership) to purchase 15% of Shanghai Jiapeng Culture Communication Co., Ltd. (13.25 million yuan). Jiapeng Culture promised not less than 9 million/10 million/11 million yuan in 2017/18/19. Shanghai Jiapeng Culture: Cultivating the all-round development of children aged 2-6 in the context of international education. Currently, it has four direct-run kindergartens in Shanghai, and the company has core resources for early childhood education, an excellent teaching system, and rich management talents. Specifically, for infants and toddlers aged 0-3: the company hires domestic and foreign professionals to create teaching aids and introduces advanced and complete curriculum content from abroad; ② kindergartens aged 3-6: providing advanced international bilingual courses, using a spiraling teaching structure; ③ Special courses for ages 3-12: building development in education market management and development, specialized consulting services, etc. ① On the financial side, as of August 31, 2016, Jiapeng Culture had total assets of 10.7595 million yuan, net assets of 8.892 million yuan, revenue of 6.1321 million yuan from January to August 2016, and net profit of 4.476,800 yuan to enter the preschool education sector and improve the education service ecosystem. The company has confirmed and laid out the education industry since 2015, making it clear that the education industry will develop as the second main business. It has now completed the acquisition of Shanghai Yali Education, and its education industry fund has also invested in various education targets. The acquisition of Jiafan Culture will, on the one hand, use Jiapeng Culture to open up the entrance to early childhood education and lay out the preschool education ecosystem. In the future, the company will continue to accelerate mergers and acquisitions in the education industry, especially in the field of international education and preschool education, and the integration and merger of upstream and downstream industries in these two fields. On the other hand, Jiapeng Culture has many mature and well-operated kindergartens in Shanghai. While consolidating the company's education industry foundation, it helps the company gradually develop and improve the entire educational ecological industry chain from preschool education to international high schools and studying abroad. Covered for the first time, giving a buy rating. Electro-optic Technology's main business, explosion-proof electrical equipment for mining, is under pressure, and prosperity continues to decline. With the current acquisition of Jiafan Culture, the company will use Jiapeng Culture to open up the entrance to early childhood education and lay out the preschool education ecosystem. In the future, the company will continue to accelerate mergers and acquisitions in the education industry, especially in the fields of international education and preschool education, and the integration and acquisition of upstream and downstream communication industries in these two fields. We expect the company's 16-18 EPS to be 0.14 yuan, 0.18 yuan, and 0.22 yuan respectively, and the corresponding PE will be 133 times, 107 times, and 88 times, respectively, giving it a purchase rating. Risk warning: The progress of the education industry layout is lower than expected.