Investment events:
The company released its annual results for 2015, KuaiBao, with operating income of 846.2178 million yuan, an increase of 63.50% over the same period last year, and operating profit of 22.8665 million yuan, an increase of 1778.07% over the same period last year. The net profit belonging to shareholders of listed companies was 28.5843 million yuan, up 50.33% from the same period last year.
Summary of the report:
The performance has increased significantly and the operating efficiency has been improved. The company increased its market development efforts in 2015, significantly improved sales performance, improved management efficiency, and ushered in a substantial increase in performance. During the reporting period, the company transfers some accounts receivable, prepaid accounts and other receivables to control the risk of the company. Divest the inefficient, long recovery cycle, high-risk radio and television, Cambodia business, and improve the quality of business.
The layout of big data has gradually improved. During the reporting period, the company participated in the establishment of Huaihai data Company and entered the field of big data transactions. In October 2015, the company was named big data Research Center of Imperial Technology, and carried out in-depth cooperation in the fields of big data technology, wearable devices and medical robots to obtain technical support from Imperial Technology while adding big data collection terminal. In November, the company cooperated with the ninth power of China's leading big data asset operator to develop the government big data platform construction business and further lay out the layout in big data.
Vanguard Financial Group is in charge, and there is a broad space for the combination of industry and finance. The company added 397 million shares to Qiande Jingyi in October 2015, and Pioneer Financial Group, a related party, actually gained control of the company. Pioneer Financial Group has strong strength in the financial sector. There are layouts in financial leasing, micro-loans, financial payments, investment, guarantee, insurance, crowdfunding and other fields. The company then directed additional issuance to the financial technology cloud service platform project, set up pioneer funds, acquired Hong Kong Yisheng Securities, expanded its business areas, and cooperated with major shareholders in superior business resources. Internet financial layout is expected to help companies to provide financial services for traditional industrial chain customers and enhance industrial competitive advantage. The company's construction of a comprehensive R & D platform based on Internet of things technology and Internet of things industry solutions, combined with the company's layout in the field of big data, is expected to provide strong support for the combination of industry and finance.
Investment advice: the company is expected to have a "overweight" rating of 0.11 EPS 0.16 yuan in 2016 / 2017.
Risk hint: the speed of innovation business is lower than expected.