Guide to this report: Recently, we attended the company's B2B2C business launch and exchange meeting. The company's transformation is determined, and it is worth looking forward to the continued progress of the company's subsequent transformation actions. Investment points: Maintain a prudent increase in holdings rating, with a target price of 13.5 yuan. Maintain the 2015-2017 EPS at 0.08/0.10/0.14 yuan. Considering the downward shift in the overall valuation center of the market, the target price was lowered to 13.5 yuan, and the rating of prudent increase in holdings was maintained. Release a new strategic blueprint and unveil a new B2B2C business platform. The company's transformation is determined, and a new B2B2C business platform has been released this time. According to the “Record Form of Investor Relations Activities on January 21, 2016” issued by the company, the platform includes two parts. One is a B2B secured transaction platform for merchants, which strives to “de-centralize” sales channels, and the other is a self-service discount information platform for consumers - a peripheral discount app. Currently, 200,000 stores have registered. In terms of ground promotion, the company has already launched in 35 major cities, and the company plans to complete it from March to May. Meanwhile, in other regions, the company plans to adopt a partnership system to carry out promotion work in a thousand cities. The parking strategy is progressing steadily, focusing on opening up the model. After experiencing a rapid turnaround in the early days, the company is steadily advancing the smart parking strategy. The company plans to use Guangzhou as a pilot city to develop and continuously improve the business model. Smart parking is the general trend, and at the same time, it is moving from reckless to the era of aristocracy. The subsequent progress of the company's parking strategy is worth looking forward to. The company's transformation is determined, and the transformation strategy is expected to continue to advance. The company's transformation is determined and continues to invest heavily. Referring to the data disclosed in the interim report, we expect to invest more than 60 million yuan in new businesses such as cloud parking in 2016. The company has released a new strategic blueprint and continues to seek breakthroughs in new businesses and new business models. The company's subsequent transformation strategy is expected to continue to advance, and once execution is broken through, it is expected to open up new growth space. Risk warning: The risk of a decline in traditional business, and the marketing of new businesses falling short of expectations.