[event] the company released its annual report in 2016. during the reporting period, the company achieved operating income of 938 million yuan, an increase of 51.3% over the same period last year. Net profit belonging to shareholders of listed companies was 80.797 million yuan, up 10.74% over the same period last year, and basic earnings per share was 0.12, up 10.26%.
The performance is in line with expectations, and the "troika" has made concerted efforts in financial informatization, mobile commerce services and e-commerce in 2016, with a rapid growth in operating income, with an annual operating income of 938 million yuan. In the financial information business, the innovative products represented by the intelligent seal controller achieved a breakthrough in market promotion. The products were shortlisted in many banks, and the financial information business achieved a business income of 224 million yuan, an increase of 47.56% over the same period last year. The revenue in the field of mobile commerce mainly comes from the subsidiary Yimei Softong, which is the leader of mobile information service. Without the cooperation of the company's financial customer resources, the mobile short MMS business has achieved steady growth, with an annual operating income of 452 million yuan, a year-on-year increase of 29.29%, fulfilling the performance promise and realizing a net profit of 73.6652 million yuan belonging to the parent company. The advantage of e-commerce service brand is highlighted, and the service area covers dozens of countries, with a business income of 258 million yuan in 2016, an increase of 125.27% over the same period last year.
In addition to the layout of the financial services industry, the financial ecology is emerging: the company actively lays out the financial services industry, establishes financial IT, personal credit information and big data technical infrastructure, highlights the comprehensive ability of risk pricing and accurate marketing, and participates in initiating the establishment of various financial institutions, including Yi'an property Insurance, East Asia Qianhai Securities (waiting for the approval of the Insurance Regulatory Commission), Anke Life Insurance, Shanghai Insurance Exchange, etc. Create a broad space for the company's business development with financial technology as the core. At the same time, the company is actively stuck in the financial services business license, and has obtained the license license needed to carry out the main business. Hua Dao Credit Information has been listed by the people's Bank of China on the "list of institutions to carry out the preparatory work for personal credit information business". Yi'an Insurance has also obtained a license issued by the China Insurance Regulatory Commission, and the scarcity of licenses promotes the company's core competitive advantage in developing financial services business.
Familiar with the IT requirements of banks, China Construction Bank Corporation data analysis application system: the company has been engaged in bank IT service for 18 years, with banking customers covering more than 300 banks in 31 provinces and more than 80,000 bank outlets, accumulated rich IT R & D technology and vertical business experience, and developed innovative products such as intelligent printing control machine and bill self-inferior processing machine. Facing many high-quality bank customers, the company is well aware of the current bank demand for big data analysis products, and actively develops the analysis of fragmented and unrelated data and accurate product development. The company was approved by the CSRC in December 2016, raising a total of no more than 362 million yuan for the "Bank data Analysis Application system Construction Project" and replenishing current funds. The company actively grabs the market and provides impetus for further improving the company's competitiveness and profitability.
Investment advice: our company forecasts earnings per share of 0.20, 0.23 and 0.30 yuan per share from 2017 to 2019, respectively. Increase the holdings-A proposal, the target price for 6 months is 21.6 yuan.
Risk hint: credit license approval is not up to expectations; innovative products promotion is not up to expectations
