China's software market industry has broad prospects. IT growth in the banking industry is growing rapidly. According to data from the Ministry of Industry and Information Technology, from 2002 to 2012, the compound annual growth rate of China's software business revenue reached 36.7%. In 2012, the scale of the industry increased nearly 23 times compared to 2002, and the share of the electronic information industry increased from 6% in 2001 to 22%. According to IDC statistics, the market size of IT solutions in the banking industry in 2012 was 12.17 billion yuan, an increase of 20.7% over the previous year. IDC expects the average annual growth rate of IT solutions in the Chinese banking industry to reach 21.7% by 2017. Customer deepening and product upgrades promote enterprise development. The company has established a professional image in the field of IT solutions for the financial industry. The company has more than 140 customers, covering more than 20 provinces, municipalities and autonomous regions directly under the Central Government and 78 prefecture-level cities in China. New customers will be further deepened, and new customers such as the City News Agency, the Agricultural Credit Association, and the Agricultural Commercial Bank will gradually be developed. As the focus of banks' attention shifts from transformation at the level of business operations to the core at the strategic level, the banking industry places higher demands on the integration of data and channel resources. Companies will upgrade products and develop related businesses, and customer deepening and product upgrades will promote the long-term development of enterprises. Profit forecast and valuation We forecast the company's net profit from 2013 to 2015 to be 47.26, 53.52, and 58.02 million yuan, corresponding earnings per share: 0.79, 0.69, and 0.75 yuan. The average price-earnings ratio of comparable companies in 2014 was 36.0 times. Combining factors such as the company's industry position, technical advantages, and market prospects, we gave the company a price-earnings ratio of 26-30 times in 2014, according to the principle of prudence. Based on the 2014 diluted earnings per share of 0.69 yuan, the corresponding reasonable valuation range was 17.94-20.7 yuan/share. Risks indicate the risk of customer and business concentration, the risk of rising software talent costs and loss of core talent, and the risk of increased market competition.