Investment Requirements Company is currently the only listed company of the China Post Group. It is a key scientific research and technical support unit for the national postal system, and has pioneered the research and development of computer communication networks in China. The company's main business includes software integration, GIS Beidou technology application, and intelligent package lockers. Operating performance gradually improved. After the controlling shareholder of the company was changed from Hunan Post to China Post Capital, the new management team was based on the Post Office, focused on key points, and steadily promoted various businesses. At the same time, strengthen overall market planning functions, optimize management processes, and effectively control period expenses. As of the third quarter of 2016, the company achieved revenue of 0.208 billion yuan, an increase of 53.85% over the previous year. Net profit attributable to shareholders of listed companies in the third quarter was -5.016 million yuan, a year-on-year decrease of 2.664 million yuan. It is expected to turn a loss into a profit in 2016, achieving a main business revenue of 0.244 billion yuan and earnings per share of 0.01 yuan. The capitalization process of the industry has accelerated, forcing the Post Group to inject assets into major domestic express delivery companies SF Express, Shentong, Yuantong, and Yunda, all of which have been listed on A-shares, and Zhongtong has also landed on the New York Stock Exchange in the US. EMS, a high-quality asset owned by the Post Group, is the only company that has not entered the capital market recently and is ranked in the top five in the industry. Against the backdrop of a sharp increase in industry concentration, the company may become a capital operation platform for the Post Group. The EMS listing is expected to be restarted and probably injected into the company. The profit forecast estimates that the company's EPS for 2016-2018 will be 0.01/0.06/0.12 yuan. We judge that the acceleration of the capitalization process of the postal express industry and the acceleration of postal informatization will gradually improve the company's main business revenue. Referring to the market value of similar companies and the potential market value of EMS, we believe that the company's value is seriously undervalued. The reasonable market value is 8 billion yuan. For the first time, the target price is 50 yuan. Risks suggest that informatization in the postal industry is progressing faster or that investment is lower than expected, and asset injection is lower than expected.