Performance was in line with expectations, and extended development helped increase performance. In the first half of 2016, the company achieved operating income of 515.6 million yuan, an increase of 31.39% over the previous year, and net profit attributable to shareholders of listed companies of 63.2 million yuan, an increase of 36.91% over the previous year. The company's IT industry achieved revenue of 402 million yuan, an increase of 29.20% over the previous year, and the environmental protection business achieved revenue of 106 million yuan, an increase of 38.33% over the previous year. Science and Technology Information, which was acquired by the company in August 2015, achieved operating income of 56 million yuan and net profit of 1.26 million yuan in the first half of 2016. Smooth extension integration continued to help the company's performance grow. At the same time, the company announced that it plans to jointly invest in Hangzhou Quchain Technology Co., Ltd. with Zhejiang University Netcom and Junbao Communications. The company plans to invest 5 million yuan, accounting for 10% of Quchain Technology's registered capital after the capital increase, and lay out the underlying blockchain technology. The financial IT business is developing steadily, and the Internet and mobile devices “go hand in hand”. The company has actively upgraded traditional financial IT services and achieved both technological and business breakthroughs in business such as process banking, electronic banking, video files, and bank risk management. In the Internet finance business, the company has achieved diversified innovation, successfully developed products in the fields of bank credit reporting, asset trading, etc., and enriched the business structure. On the mobile side, the company relied on the “Blue Interactive” brand of “Science and Technology Information” and the “Microtechnician” platform to enter the field of mobile finance, connect with the company's banking business, develop bank mobile clients and online stores, and extend the original business. The company's multi-point layout in the financial IT field has basically achieved full coverage of financial IT business, formed a comprehensive financial ecosystem, and has a great card position advantage. Acquisition of Goldnet Antai and OTC card trading. Jinwang Antai is a leading enterprise in the commodity e-commerce industry in China. It is positioned as OTC trading, and the market share of OTC exchanges is around 30%. The Zongyihui App, owned by Jinwang Antai, has been launched on more than 100 exchanges, providing C-side users with financial information and quotation data, and providing functions such as redirection to account opening and trading. Currently, there are 3 million registered users and 400,000 daily active users. The company's recent acquisition of Jinwang Antai will aim to connect the company's original bank IT business with Jinwang Antai's OTC trading system business. With the bank resources it has accumulated over the years and the massive transaction data accumulated by Zongyihui, it will create a supply chain finance cloud platform and launch a business model for traffic monetization. The acquisition of Jinwang Antai is an important part of the company's comprehensive Fintech layout. It will greatly enhance the company's performance, give full play to synergies, and promote the transformation and upgrading of the company's business. Investment advice: The smooth integration of the company's extension will continue to help the company's performance grow. The company's multi-point layout in the financial IT field has basically achieved full coverage of financial IT business, formed a comprehensive financial ecosystem, and has a great card position advantage. The recent acquisition of Jinwang Antai is an important part of the company's comprehensive Fintech layout. The OTC exchange will create a supply chain finance cloud platform and launch a business model for monetizing traffic. The company's 2016-2017 EPS is expected to be 0.40 yuan and 0.55 yuan respectively, maintaining the “buy-A” rating, and the target price for 6 months is 30 yuan. Risk warning: industrial integration falls short of expectations; financial IT business development falls short of expectations