Incident: The company announced its third quarter results announcement on the evening of October 24. The company achieved a total operating income of 648 million yuan in the first three quarters, an increase of 61.32% over the same period of the previous year; net profit attributable to owners of the parent company was 50,3679 million yuan, an increase of 22.96% over the same period of the previous year; basic earnings per share was 0.0737 yuan, up 22.83% from the same period last year. Among them, the company achieved operating income of 278 million yuan in the third quarter, an increase of 55.32% over the same period of the previous year; net profit attributable to owners of the parent company was 35.1049 million yuan, an increase of 14.81% over the same period of the previous year; and basic earnings per share was 0.0514 yuan, an increase of 14.73% over the same period of the previous year. Opinion: Intelligent printer products have helped the financial information technology business increase dramatically in revenue. The company actively promoted the marketing of new products in the third quarter. Among them, the key new product, the intelligent printer, continued to gain strength after winning the bid of the Bank of China head office in the first half of the year. It has now been successfully promoted in many branches. The sales performance is remarkable, and the market share remains in a leading position in the market, which has led to a significant increase in the operating income of the company's financial information technology business. In addition, the company's mobile commerce and e-commerce business are also developing steadily, and the three jointly support the company's main business performance to maintain a good growth trend. Promote fund-raising plans to strengthen the company's financial strength and ensure the company's innovative business layout. The company has been vigorously developing and laying out innovative business maps such as Internet finance, and capital requirements are increasing. In order to ensure good cash flow, the company strengthens its financial strength through fund-raising channels such as stock financing platforms to provide sufficient financial support for innovative business layouts. By the end of the third quarter, the fund-raising plan proposed by the company for the non-public offering of shares was still pending approval by the Securities Regulatory Commission, and the implementation of the plan will be actively promoted in the future. At the same time, the company will continue to strengthen the management of the use of funds, thereby improving the effective utilization rate of funds and reducing the risk of capital shortages. Vigorously promote innovative business and accelerate performance implementation. In the third quarter, the company continued to promote the development of innovative businesses such as credit reporting, internet insurance, and ticketing finance, and designed personalized products that meet market needs. Among them, the credit reporting business is speeding up the connection with various data sources, and is committed to developing more characteristic credit reporting services in classification scenarios such as pig points, Kale points, and car scores. In the internet insurance business, scenario-based specialty products that meet daily needs, such as household financial insurance — “Easy to rent”, fund account security insurance — “financial insurance”, registered insurance, movie insurance, and commuting rain insurance have all been sold online and have received good reviews from the market. At the same time, the company accelerates the development of new business fields such as Internet insurance through mergers and acquisitions. Among them, the matter of initiating the establishment of Shanghai Insurance Exchange Co., Ltd. has been completed, and the matters involved in initiating the establishment of East Asia Qianhai Securities and Anke Life have also received acceptance notices from the Securities Regulatory Commission and the Insurance Regulatory Commission, and implementation can be expected. Conclusion: We are optimistic about the growth trend of the company's three main businesses with good performance and the continued development of Mutual Fund's new business layout. Currently, the company's innovation business is still in the investment stage, but we are optimistic about the room for growth after implementation of its performance. At the same time, the company's three main businesses (financial informatization, e-commerce, and mobile commerce) are expected to co-develop with Mutual Fund's new business in the future to create a comprehensive financial platform and build a mutual fund industry ecosystem. We expect the company's revenue in 2016-2018 to be 934.96, 1296.14, and 1645.86 million yuan, respectively; net profit of 120.54, 175.37 and 241.93 million yuan, respectively; EPS of 0.17, 0.25 and 0.35 yuan, respectively; and PE of 147.47, 101.29 and 72.76 times, respectively, maintaining the “Highly Recommended” rating.