Investment suggestions: The company's new energy vehicle operations are beneficial to the company's new energy vehicle operations, and projects such as adding inverter energy-saving hybrid power supplies will become growth points for the company's performance. The company's 2016-2018 EPS is expected to be 0.13, 0.24, and 0.34 yuan respectively, and the corresponding PE will be 152.8, 80.0, and 57.3 times, respectively, covering the “increased holdings” rating for the first time, with a target price of 21 yuan for 6 months. Risk Warning: With vehicle subsidies falling short of expectations, macroeconomic downside risks, investment falling short of expectations