Leading the national defense optoelectronic measurement and control equipment segment, related businesses are expected to maintain steady growth. The company dominates its supply product segments such as television angle finders, optoelectronic latitude and longitude meter optical machine subsystems, aerospace camera optical machine subsystems, and new radar antenna holders. In the context of the steady development of the defense, military, and aerospace industries, the company's optoelectronic measurement and control equipment business is expected to continue to grow steadily at the same time.
The company's FOD monitoring system has a clear first-mover advantage, expanding the market of 10 billion dollars from military to civilian. The company and a department of the Air Force have jointly developed China's first airport foreign matter monitoring system. The minimum foreign object monitoring capability has reached the international advanced level. It is estimated that the total number of national transport airports is expected to exceed 500 in 2025, and the domestic FOD monitoring system market size is expected to exceed 10 billion dollars. The company has core competitiveness and a clear first-mover advantage in the field of military airport FOD monitoring systems.
The company has advanced technology and clear applications in the CMOS image sensor segment, and is expected to continue to grow rapidly. Benefiting from the promotion and application of CMOS image sensors in the fields of remote sensing satellites, machine vision, scientific experiments, etc., and the company's core competitiveness, the company's CMOS image sensor business is expected to continue to grow rapidly.
It is expected that the company's capital operation will continue to advance. Due to disagreements with the shareholders of the target company over the valuation of the target company, the company's major asset restructuring in 2016 did not go smoothly. In the context of the Chinese Academy of Sciences advancing the reform of research institutes and the company's expansion of industry through endogenous outreach, it is expected that the company's capital operation will continue to advance as a military products industrialization platform for the Changchun Institute of Optoelectronics.
Company profit forecasts and investment ratings. We expect the company's revenue for 2016-2018 to be 352, 466, and 621 million yuan respectively. Net profit attributable to shareholders of listed companies was 5504, 6655, and 89 million yuan respectively, with growth rates of 25.9%, 20.9%, and 33.7% respectively. Earnings per share were 0.46, 0.55, and 0.74 yuan respectively. Corresponding PE was 103, 86, 64 times that of 2017, giving the company a “highly recommended” rating, giving the company a “highly recommended” rating