Investment points Safety view: China's leading provider of data center construction and integrated services: Rongzhilian is a leading provider of data center construction and integrated services in China. The company focuses on the data center field, providing a full range of solutions and professional services from consulting, design, system deployment, integration, software development, to operation and maintenance management and subsequent upgrades. It mainly focuses on large and medium-sized enterprises and institutions, and is committed to integrating five computing and big data technologies to promote the innovative application of enterprise information resources. The company has a high market share in government, telecommunications, finance, energy and other industries, and has formed a large group of high-quality, large and medium-sized enterprises and institutions as the main body. Actively develop the Internet of Vehicles and gene sequencing business, and lay out the present and future: Currently, the company's Internet of Vehicles business has two main categories: one is to provide platform development, solutions, and terminal sales for enterprises and the government; the project that was added last year is a comprehensive big data operation service platform for the Internet of Vehicles, which provides value-added data services to customers in industries such as insurance companies, car dealerships and service providers, and mainly lays out the high growth of UBI (insurance based on personal driving habits) in the future. In the same period, fundraising built five platform-based computing platforms for gene sequencing data and analysis to lay out the rapid development of biological data storage and analysis. Big data, five calculations: The global big data market will reach 45.3 billion US dollars in 2016. Currently, big data is in the initial development stage in China, and the growth rate of the industry is as high as 30%. At the same time, the rapid development of five computing will also drive significant development of data center business. According to IDC data, although the future growth rate of hardware investment in the enterprise private data center industry will be stable at around 10%, the compound annual growth rate of current system upgrading and related software and services will remain at a relatively high rate of 30% for the next 3-4 years. The overall business of the Internet of Vehicles continues to develop rapidly: in an environment where the technological environment is mature and policies are fully promoted, the number of Internet of Vehicles users is growing rapidly. According to data from the Forward-looking Industry Research Institute, by 2015, the number of Internet of Vehicles users in China had exceeded 10 million. It is estimated that by 2020, the penetration rate of Internet of Vehicles users in China will be close to 25%, and the corresponding market size of the Internet of Vehicles will exceed 500 billion, so there is considerable space. China's UBI market has just started, but the technical conditions and social demand conditions are relatively mature. According to the forecast of the China Association of Automobile Manufacturers, the number of cars owned in China will reach 277 million in 2020, and the corresponding UBI car insurance space is a total annual scale of 80 to 100 billion. The establishment of a platform-based computational platform for gene sequencing data and analysis: acquisition, processing, storage, distribution and interpretation of genomic information reveals important information on human and other animal and plant genes, which in turn has important guiding significance for the development of disease treatment and drug design. As the cost of gene sequencing continues to decline and the importance of genetic data in the work of various scientific research institutes continues to rise, there is a huge demand for specialized third-party genetic data analysis platforms. Professional genetic data analysis platforms can provide massive data storage, automated analysis, data transmission, bioinformation research and sharing services. The rapid development of gene sequencing technology in recent years and the drastic reduction in testing costs have laid the technical foundation for its commercial application. According to statistics and forecasts from BCC Research, the total global gene sequencing market grew from 7.941 million US dollars in 2007 to 4.5 billion US dollars in 2013. It is expected that the global market will continue to grow rapidly in the next few years, reaching 11.7 billion US dollars in 2018, with an average compound annual growth rate of 21.2%. The future genetic sequencing market has great potential for development. Investment Rating: We expect the company's EPS from 2016 to 2018 to be $0.62, $0.78, and $1.10, respectively. The PE multiples corresponding to the current company's stock price are 65.9 times in '16, 52.9 times in '17, and 37.5 times in '18, respectively. The company's 16-year and 17-year valuations were above the industry average valuation level. Considering that the company has actively deployed the Internet of Vehicles big data platform and bioinformatics 5 in the past two years, there is considerable room for the future, and we maintain the company's “recommended” rating. Risk warning: The risk of increased competition in the field of the Internet of Vehicles and gene sequencing