The main business is growing strongly, and the performance of the company acquired in the early stages also guarantees that the company's performance throughout the year is worry-free. The company achieved operating income of 1.42 billion yuan in the first three quarters of this year, an increase of 96.77% over the previous year, and realized net profit of 300 million yuan, an increase of 274.46% over the previous year. The sharp increase in the company's performance in the first three quarters was mainly due to two aspects: on the one hand, the company's big data business achieved explosive growth of 9512%, and the Internet education business achieved 452% growth; on the other hand, the company achieved a combination of the performance of Precise Information, Jedong Control, and Chengdu Overlink World in the first three quarters. Considering that the company's main business revenue will still be confirmed in a large proportion in the fourth quarter, we believe that the company's high performance growth throughout the year is worry-free. The next recommendation is to focus on the company's business progress from the two main lines of cloud services and big data. The business cloud is developing steadily, and the communication cloud has established a competitive barrier. The company's cloud service business includes business cloud, communication cloud, and storage cloud. Judging from the current progress of various business sectors, the company's strongest strength lies in the company's business cloud. For example, the company's video cloud, conference cloud, education cloud, etc. are all quite mature. The conference cloud has always been the company's advantage, and it has won bids for many important projects in the first three quarters of this year. According to the research situation, we believe that the company's communication cloud is an important business that establishes a differentiated competitive advantage and has competitive barriers. The corporate communications cloud mainly cooperates with Hughes Network Technology Co., Ltd., and Hughes is the world's largest satellite communication station equipment, service and operator, providing “heaven and earth integrated” communication services to users around the world. Through this cooperation, the company has been able to provide satellite broadband communication services. Currently, the company has launched the business of providing satellite broadband services to regions with poor operator signals, such as the west, and to maritime users. Progress is good. Later, the communication cloud will clearly help the company undertake smart construction projects in some cities with high demand for satellite communications. The big data business is progressing rapidly, and subsequent performance contributions are worth looking forward to. The company's big data business is the highlight of this year's performance. In 2015, the company's big data business has yet to generate significant revenue. It already had revenue of 130 million in the first three quarters of this year. Subsequent companies will continue to deploy and invest in big data to expand and expand the powerful data business. The company's big data business achieves data accumulation by integrating government data, operator data, etc., and realizes data monetization by undertaking government big data platform construction projects to serve China Southern Airlines mobile marketing projects, etc., and subsequently, Guoxin Lixin subsidiary, which was founded on a joint venture between the company and the National Information Center. The company has an advantage in undertaking credit platform construction projects in local provinces and cities. The social credit reporting platform constructed by the company this year has already been launched in Nanyang, based on a joint venture with Xinhua News Agency. The company was able to fully tap the value of operator data usage. At the same time, the Philistine bulk transaction+supply chain finance integrated service platform developed by the company will serve Beijing Timber Industry Electronic Trading Center Co., Ltd. and Datong Forest Commodity Trading Center Co., Ltd., which the company participated in the investment and establishment in the first three quarters of this year, and is expected to further enhance the profitability of the company's big data business. The subsequent performance of the big data business segment is worth looking forward to. Profit forecast and investment rating: Maintaining the increase in holdings rating, the company's performance in the first three quarters was outstanding. Currently, the cloud service business and big data business are developing smoothly. We are optimistic about the company's future development prospects. It is predicted that the company's 2016-2018 EPS will be 0.42, 0.58, and 0.71 yuan respectively. The current stock price corresponding to the price-earnings ratio is 28, 20, and 16 times, respectively. The valuations are relatively reasonable, maintaining the “increased holdings” rating.