The rise in labor costs forced the financial equipment market to explode, and after the rapid increase in investment ended, labor costs rose year by year, and the minimum wage was raised over and over again. In fields such as finance and banking, labor costs have reached an inflection point, and cost control in the banking industry will be seriously tested. Strong growth, low-end market expansion, and import substitution in the middle and high-end markets have promoted the rapid development of the binding machine business through the acquisition of Nanjing Yarun, and through resource integration between the two parties, making full use of the company's technological research and development, machine processing and production advantages, and Yarun's brand and sales channel advantages. The bank counter banknote sorting policy will bring the company an opportunity for small-scale sorting equipment; among the middle and high-end brands, the company represents Japan Honorai Products. Compared with domestic competitors, the high-end product has outstanding performance and a first-mover advantage. The financial intelligent equipment market has exploded domestically. The company's products already have a first-mover advantage, and future growth is strong. The product line is rich, and the channel advantage is obvious. The company closely revolves around the “cash processing equipment” industry chain, develops and produces four series of products, including “inspection, sorting, bundling, and binding,” and has formed an after-sales service network covering all parts of the country, forming a “product+service” “one network, four lines” business pattern. Among them, the fully automatic banknote bundling machine and the fully automatic binding mechanism have become the company's core products. The main technical indicators have all reached the advanced level of the industry. They have been continuously shortlisted for centralized procurement tenders by the head offices of major commercial banks and central government procurement tenders, and have obvious competitive advantages. In terms of channels, the company has launched a channel sales model throughout the country. The company has established 74 self-owned service branches in 32 provincial capitals and municipalities directly under the Central Government, with nearly 100 professional maintenance service personnel; and has also commissioned 36 agency service agencies to form a nationwide after-sales service network, which can provide customers with a 7×24 hour service response. The capital raised will be used to expand production capacity, which will help the company achieve economies of scale. The company currently plans 16.7 million A-shares, mainly for projects and working capital related to the company's main business. The total project investment is 21.2 million yuan, and it is planned to use the raised capital of 192 million yuan. The projects include: (1) bundling equipment engineering construction project; (2) binding machine construction project; (3) RMB anti-counterfeiting propaganda workstation construction project. The Profit Forecasting and Valuation Company is a high-quality domestic supplier of financial equipment. It has a complete product line and represents Japan's honorable inventory products. In the future, machine substitutes will continue to explode in the financial sector, so I am optimistic about the company's future growth. It is estimated that the company's diluted EPS in 2013-2015 will be 0.85, 1.21, 1.73 yuan, respectively, and the recommended inquiry range is 36.3-48.4 yuan. Risks indicate large economic fluctuations and systemic risks in the banking sector.