Report Summary: In the first three quarters of 2016, the company achieved revenue of 3,762 billion yuan, a year-on-year increase of 49.48%; achieved net profit of 271 million yuan, an increase of 44.49% over the previous year; and achieved basic earnings of 0.53 yuan/share. High-end power equipment grew steadily and entered the field of electricity sales: The company's UPS sales remained stable. During the reporting period, the company made efforts to expand the high-end power equipment market share and won the bid for the Qinghai-Tibet Railway Company's Gra section capacity expansion and transformation project. In addition, Yishite Electric Power System Technology Co., Ltd., a wholly-owned subsidiary of the company, was officially included in the electricity sales company directory. It is qualified to participate in the Guangdong electricity market, and the electricity sales business is worth looking forward to. Data centers are booming: The rapid development of the Internet has brought strong demand for data centers, and domestic data center construction will maintain rapid development in the next few years. During the reporting period, the board of directors agreed to increase the capital of Shanghai Guofu Guangqi Cloud Computing Technology Co., Ltd. with 300 million yuan of its own capital and obtain 17.85% of the shares. At the same time, the company signed the “Qirui Data Center Cooperation Agreement” to invest in the construction of a data center project. The contract amount is estimated to be about 260 million yuan. The company's IDC data business is booming. PV system integration exploded, and performance grew rapidly: During the reporting period, the company raised net capital of 1,926 billion yuan for 10 total 173 MW photovoltaic power generation projects and supplementary working capital. In the first three quarters, the company's PV system integration achieved revenue of 2,862 billion yuan. Recently, the company signed a 26MW decentralized photovoltaic poverty alleviation power plant project and won the bid for the Linqu County Photovoltaic Poverty Alleviation BOT Project. The photovoltaic system integration business is expected to continue to grow rapidly. As the photovoltaic power plants invested and built by the company were put into operation one after another, revenue from new energy sources exploded, achieving revenue of 52.94 million yuan. Charging equipment sales are expected to pick up: In the first half of the year, due to the industry environment and new energy vehicle policies, charging equipment sales fell short of expectations. The company's charging pile production orders rebounded in the second half of the year, and charging equipment sales are expected to resume high growth. Profit forecast: The company's EPS for 2016 to 2018 is expected to be 0.66, 0.83 and 1.01 yuan, respectively, giving the company an increase in holdings rating. Risk warning: Charging pile construction falls short of expectations, photovoltaic business falls short of expectations