Main points of investment

1. A large increase in the holding of the controlling shareholder shows strong confidence in the company and will not be reduced in half a year.

While significantly increasing the company's shares, the company's controlling shareholders said that they and the concerted actors promised not to reduce their holdings in the next six months, which shows that the company's shareholders have full confidence in the company's future development prospects and full recognition of the company's value.

two。 Persist in looking forward to the company's charging pile & UAV two-wheel drive, the performance is worth looking forward to.

The charging pile independently developed by Fushun Optoelectronics, a subsidiary of the company, has continuously obtained a large order with a total amount of 315 million yuan within 3 months, and the speed of business expansion is eye-catching. Most of Fushun Optoelectronic customer groups have charging pile operation capacity, and continue to develop new customer resources in the field of new energy vehicles, the company's charging pile business is expected to usher in the most exciting part of the order.

The company's main S6 small selfie UAV has achieved mass production, mass shipments of tens of thousands of units, the future production capacity and sales are expected to further increase. With the gradual expansion of the company's drone business, the company's future performance is worth looking forward to.

3. Actively promote the development of extension and improve the industrial layout

Historically, the company is actively seeking opportunities for extension development, focusing on consolidating the company's strategic layout in emerging industries such as automotive core components and intelligent consumer electronics, and finally forming a sound industrial layout in the four fields of optical technology application, intelligent consumer electronics, intelligent high-end manufacturing and automotive core parts. The landing of the company's extension is worth looking forward to.

4. Profit forecast

Considering the higher-than-expected promotion of the charging pile business and the mass production promotion of the UAV business, the company is expected to achieve a net profit of 73 million, 121 million and 168 million belonging to the parent company in 16-18 years, corresponding to EPS of 0.20,0.33,0.46 yuan, and PE of 69X and 42XPRE30X, maintaining a highly recommended rating.

5. Risk hint

The new business expansion is not as expected.