Incidentally, on December 28, the company issued a draft restricted stock incentive plan. The number of restricted shares to be granted to 16 company executives and employees is 20.34 million shares, accounting for 2% of the total share capital; the grant price is 5.46 yuan per share. The performance evaluation conditions are: based on 2015 net profit (RMB 41.99 million), net profit growth rate of not less than 60% in 2017; net profit growth rate of not less than 80% in 2018. An announcement was issued on December 30. The general manager of the company increased his shareholding by 1.022 million 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 shareholding shows confidence in development. This restricted equity incentive program includes 16 executives and employees working for the company (subsidiary), including directors, senior managers, middle management, and core technical (business) personnel. For the first time since the company went public, it is beneficial to bind the company's core personnel and help the company develop healthily; at the same time, the increase in executive ownership highlights confidence in the company's future development. The opening and sale of its real estate projects led to an increase in performance 1) The company competed for plot 41 of Mawei Kuai'an Park in Fuzhou in 2012, covering an area of 59,197 square meters, with a maximum construction area of 224,949 square meters, for commercial and residential use, for the construction of Guomai Science Park; 2) The company has continued to invest in Guomai Science Park in recent years. The main projects under construction are Guomai Times Square. By the end of 2015, the project had completed an investment of 952 million yuan, and was basically completed; 3) In May 2016, Guomai Times Square began selling. At 240,000 square meters, the real estate project is expected to contribute about 1 billion yuan to the company's net profit in the next few years. Building an IoT big data platform, moving towards TSP for the Internet of Things, the company has the following advantages: 1) The company has the following advantages: 1) The company has cloud platforms, mass storage and big data solutions with independent intellectual property rights, 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, government, public security, telecommunications, education and other industries, and has a pioneering advantage of becoming an integrated IoT service provider; 2) The Fujian provincial government strongly encourages and supports the operation and development of the company's IoT platform, and clearly uses the Internet of Things as Key development elements will support capital, 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. (listed on the New Third Board, code: 832245), a holding subsidiary of Guomai Group, can support a variety of vehicle networking services and applications. It has entered domestic automobile manufacturers, including SAIC Passenger Vehicle, Shanghai Volkswagen, SAIC Chase, Chery, JAC, BAIC, Beijing Foton Motor, etc., and collects rich vehicle front load 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 world's next trillion yuan emerging industry. It has been listed as one of the top five emerging strategic industries in the country. It is also a core application of 5G, with 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 208 billion by 2020. Internet of Vehicles Data Monetization: UBI Insurance and Huihan Technology, a used car transaction information service, are leading the market share of front-mounted TBOX and will increase rear-mounted 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 front/rear equipment and data exchange between car manufacturers, which is expected to be monetized in the future through UBI insurance and used car transaction information services. 1) The auto insurance market space is huge, and the UBI penetration rate continues to grow. Compared with traditional car insurance, UBI car insurance can: (1) reduce the frequency of insurance companies' claims site, reduce insurance fraud, and increase profit levels; (2) improve the scientific and fair pricing, and obtain differentiated rates for different car owners; and (3) provide data support to effectively monitor traffic conditions. Currently, foreign insurance companies have begun to adopt the UBI model for car insurance, and the domestic market is actively promoting it. 2) In 2015, a total of 9.42 million used cars were traded nationwide, with a cumulative transaction volume of 553.5 billion yuan. Used car transactions were only 23% of new car transactions, accounting for 5.5% of car ownership, far below the level of developed countries. If calculated based on 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, or trillion yuan of market space. Referring to developments in the US, it is expected that the US Carfax (used car information service company, which provides vehicle historical information records reports, with a revenue scale of 5 billion yuan) business model will emerge in China 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 has strong synergy effects 1) The company founded Fuzhou Institute of Technology and obtained an undergraduate qualification in 2015 (tuition fees for undergraduate students are more than 2 times that of college, the number of students 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 move from the investment period to a stable output period; 2) The college is a technical support platform for the company's development, closely integrated with the company's main telecommunications network technology business and IoT development strategy to provide the company with technical support and talent support Production, science, research The integrated model brings good synergy effects. Profit forecasting and investment advice The company's traditional business has grown steadily, real estate projects have started sales, 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 a TSP for the Internet of Things and big data industry. We predict that the company's net profit for 16-18 will be: 90 million yuan, 200 million yuan, and 300 million yuan respectively. The company's fixed reserve price will be 11.74 yuan, and the current stock price will be 10.79 yuan. The margin of safety is sufficient, maintaining the “gain” rating!