Incident On December 28, the company issued a draft restricted stock incentive plan. It plans to grant the 16 company executives and employees the number of restricted shares to 20.34 million shares, accounting for 2% of the total share capital; the grant price is 5.46 yuan per share. The performance assessment conditions are: using the 2015 net profit (41.99 million yuan) as the benchmark, the net profit growth rate in 2017 is not less than 60%; the net profit growth rate in 2018 is not less than 80%. On December 30, an announcement was issued that the company's general manager increased his holdings of the company's shares by 1,021,200 shares, with an average transaction price of 10.87 yuan/share. After the increase in holdings, the general manager held 0.15% of the company's total shares. A brief review of equity incentives and executive holdings increases shows confidence in development confidence. This restricted equity incentive plan targets a total of 16 executives and employees, including directors, senior managers, middle managers, and core technical (business) personnel working in the company (subsidiary). For the first time since the company was listed, it is conducive to binding the company's core cadres and helping the company develop healthily; at the same time, the increase in executive holdings shows confidence in the company's future development. The opening and sale of its real estate projects led to increased performance 1) In 2012, the company competed for plot 41 in Mawei Kuai'an Park, Fuzhou City, covering an area of 59197 square meters and a maximum buildable area of 224,949 square meters, for commercial services and residential land for the construction of Guomai Science Park; 2) The company has continued to invest in Guomai Science Park in recent years. The projects under construction are mainly Guomai Times Square. By the end of 2015, the project had completed an investment of 952 million yuan, which is basically completed; 3) In May 2016, Guomai Times Square began sales, with a construction area of 240,000 square meters, with an estimated construction area of 240,000 square meters. The real estate project will contribute about 1 billion yuan in net profit to the company in the next few years. Build an IoT big data platform and move towards the Internet of Vehicles TSP. The company fully develops the IoT big data operation platform. The advantages are as follows: 1) The company has a cloud platform with independent intellectual property rights, massive storage and big data solutions, has independent intellectual property rights and platform construction and operation experience in cloud computing, big data, and the Internet of Things, and has been used in transportation, health care, government, public security, telecommunications, education and other industries, and has the first-mover advantage of becoming an integrated IoT service provider; 2) The Fujian Provincial Government strongly encourages and supports the company's IoT platform operation and development, and clearly uses the Internet of Things as development The focus will be on providing support in areas such as funding, financing services, infrastructure construction, sharing of public information resources, and purchasing of government information services. 3) The Internet of Vehicles is an important branch of the Internet of Things and has the advantage of hardware entry. Huihan Co., Ltd., a holding subsidiary of Guomai Group (listed on the new third board, code: 832245), the core product, the vehicle network control system (TCU/T-BOX), can support a variety of connected car services and applications. It has entered domestic automobile manufacturers including SAIC Passenger Car, Shanghai Volkswagen, SAIC Chase, Chery, JAC, BAIC, Beijing Futian, etc., and has a rich collection of vehicle front-loading dynamic data (position, attitude, CAN bus core vehicle data). The company has a huge advantage in the key big data acquisition process of the Internet of Vehicles, and is expected to become an Internet of Vehicle Service Operator (TSP) in the future. The Internet of Things is known as the next trillion-yuan emerging industry in the world. It has been listed as one of the country's top five emerging strategic industries. It is also the core application of 5G, and has huge market potential. According to Gartner data, the total number of global IoT devices will reach 6.4 billion in 2016, an increase of 30% over the previous year, and is expected to grow to 20.8 billion by 2020. Internet of Vehicles Data Monetization: UBI Insurance and Used Car Transaction Information Service Huihan Technology leads the market share of front-loading TBOX and will increase rear-end market development in the future. The company's IoT big data platform may be able to obtain the most complete data puzzle for the Internet of Vehicles through data exchange between front/rear equipment and different car manufacturers. In the future, it is expected to be monetized through UBI insurance and used car transaction information services. 1) The auto insurance market has huge space, and the UBI penetration rate continues to grow. Compared with traditional car insurance, UBI auto insurance can: (1) reduce the frequency of insurance companies' claims on site, reduce insurance fraud, and increase profit levels; (2) improve the scientific and fair nature of pricing, so that different car owners receive differentiated rates; and (3) provide data support to effectively monitor traffic conditions. Currently, foreign insurance companies have begun to adopt the UBI model of auto insurance, and the domestic market is actively advancing. 2) In 2015, a total of 9.42 million used cars were traded nationwide, with a cumulative transaction volume of 553.5 billion yuan. The volume of used car transactions was only 23% of the volume of new car transactions, accounting for 5.5% of car ownership, far below the level of developed countries. If we calculate the 2:1 ratio of used cars to new car circulation in developed countries, by 2020, China's used car trading volume will reach about 40 million vehicles, with a trillion dollars of market space. Referring to the development situation in the US, it is expected that the US Carfax (used car information service company, which provides vehicle history information record reports, with a revenue scale of 5 billion yuan) will emerge domestically to ensure the trustworthiness, fairness, and transparency of used car transactions, and the company has a first-mover advantage. The education sector has stable output, and the integration of industry, academia and research is strong 1) The company founded Fuzhou Institute of Technology and obtained undergraduate qualifications in 2015 (the tuition fee for undergraduate students is more than 2 times that of the college, the academic system is 4 years, and the number of students enrolled continues to grow). In 2016, the number of undergraduate majors increased from 5 to 10. With the cumulative increase in the number of undergraduate students over 4 years, the company will enter a stable output period; 2) The college is a technical support platform for the company's development, closely integrated with the company's telecommunication network technology business and IoT development strategy, providing the company with talent and technical support, production, research, and development A model of integration It brings good synergy. Profit forecasting and investment suggest that the company's traditional business is growing steadily, real estate projects are being launched and sold, and education has entered a stable output period. At the same time, with Huihan Technology's TBOX, the company is expected to take the lead in becoming the TSP for the Internet of Vehicles and building an Internet of Things+big data industry platform. We forecast that the company's net profit for 16-18 years will be: 90 million yuan, 200 million yuan, and 300 million yuan, respectively; the company's fixed increase price of 11.74 yuan. The current stock price is 10.79 yuan. The margin of safety is sufficient, and the “increase in holdings” rating is maintained!