The main points of the report are the acquisition of Bohan Weiye to help the company's performance grow. Huapengfei is a professional logistics service provider in the domestic electronic information industry, providing “integrated, one-stop, and personalized” integrated logistics solutions. The acquisition of Bohan Weiye in 2015 successfully laid out the field of mobile informatization, making the intelligent mobile service business a new bright spot for the company, achieving revenue of 167 million yuan, accounting for 21% of the company's operating income. Considering the huge market space for enterprise-grade mobile informatization, and Bohan Weiye's net profit of 100 million yuan in 2015, exceeding the performance promise by 2.09%, the company is likely to achieve a gambling agreement in the future, helping Huapengfei's performance to grow. Bohan Weiye's innovative model dominates the market, and has signed an EMS contract to guarantee performance. The traditional mobile terminal industry lacks integrated software and hardware operation services. Through in-depth understanding of the market and a unique combination of software and hardware, the company can save customers time and costs to a large extent compared to other competitors and effectively enhance the company's competitiveness. At present, the company has reached a cooperation with China Post to provide PDA terminal support for EMS. According to the plan, the EMS business alone can guarantee a 10% increase in the company's performance. As one of the few providers of integrated services in the industry, we expect the company's market share to reach 11% in 2016 and achieve revenue of 210 million yuan. IT informatization in the medical field has become a trend, and Bohan Weiye's mobile nursing station project is expected to roll out nationwide. With the further spread of the Internet, new medical methods with “Internet +” as the core will gradually begin to form business connections with hospitals, and hospital IT upgrading and reengineering will become an inevitable trend. Bohan Weiye entered the medical field by participating in the mobile nursing station project through cooperation with Sichuan Telecom. As the company's business model further matures, in the future, the company is likely to replicate the mobile nursing station project nationwide and share market dividends in the medical field. Profit forecast We expect the company's 2016-2018 EPS to be 0.51 yuan, 0.68 yuan, and 0.87 yuan, respectively, and corresponding PE 74 times, 55 times, and 43 times, respectively, giving the company an “increase in holdings” rating. Risk warning: China Post business accounts for a high share, and there is a risk of a single major customer; Bohan Weiye's cross-industry expansion falls short of expectations