The growth of telecom operation and maintenance management business is stable and in line with expectations. The company achieved revenue of 626 million yuan in the first half of 2016, an increase of 4.70% over the same period last year. Net profit belonging to shareholders of listed companies was 18.2123 million yuan, an increase of 37.43% over the same period last year. EPS per share was 0.03 yuan, an increase of 37.61% over the same period last year.
The company's traditional advantage business communications operation and maintenance management contribution income of 342 million yuan, an increase of 16.52% over the same period last year, in line with expectations. In addition, the company has promoted the BOSS network management business to China Mobile online Service Co., Ltd., and has undertaken projects such as the testing environment and resource management system of the Bank of China Software Center and the computer private network management system of the Middle Line Bureau of the South-to-North Water transfer Project, opening up a number of new industry markets.
The excellent service of intelligent network is growing rapidly and has formed large-scale service capability. The company has been gradually laying out the intelligent network market since 2009, and has entered the harvest period. In the first half of 2016, the company's net excellent intelligent platform business achieved revenue of 36.5813 million yuan, a year-on-year increase of 341.58%, becoming a new growth engine. The company has successively won the bid for Zhejiang Mobile, Mobile Design Institute, Shaanxi Mobile, Jilin Mobile and other network optimization projects and Kunming Mobile network customer perception problem improvement project.
Industry big data business is progressing smoothly and has become a new business growth point. In the first half of 2016, the revenue of big data's business in the company's industry reached 37.2181 million yuan, an increase of 199.96% over the same period last year, becoming another business growth point. In terms of data application, the company won the bid for Mobile Internet Business Awareness Analysis Project of Telecom Group, Ningxia Mobile and Jilin Mobile centralized performance Application layer Construction Project; in terms of data mining, the company has won the bid for Shaanxi and Inner Mongolia Mobile alarm analysis and mining projects. In terms of data center construction, the company won the bid for Sichuan Mobile Enterprise big data Center O-domain data carding and modeling technical support project to lay the foundation for sustained performance growth.
Investment advice and rating: under the background of steady development of traditional business and steady progress of emerging business, the company's revenue from 2016-2018 is expected to be 1.47 billion yuan, 1.773 billion yuan and 2.146 billion yuan, and the net profit belonging to shareholders of listed companies is 147 million yuan, 215 million yuan and 301 million yuan.
The EPS was 0.26,0.38,0.53 yuan respectively, and the dynamic PE was 53 times, 36 times and 26 times, respectively.
Risk tips: industry big data, intelligent network excellent business development is not as expected risk; telecom operation and maintenance management, smart city field competition intensified risk.
