China's software development is generally strong, and the northeast and western regions have shown impressive performance. According to data from the Ministry of Industry and Information Technology, the revenue of China's software industry in 2012 was 2.5 trillion yuan, an increase of 28.5% over the previous year. Among them, the 12-year revenue of operations and services was 428.5 billion yuan, accounting for 17.1% of the software industry. As the manufacturing industry stabilized, embedded software grew 31.2% year over year. Moreover, the overall performance of the industry was outstanding in the northeast and west. Its revenue reached 2473 billion yuan and 266.4 billion yuan, up 39.2% and 29.6% year on year, and its share in the country increased by 9.9% and 10.6% respectively. Investment growth in IT in the banking industry is relatively stable, and companies will benefit from industry growth. The company focuses on providing IT solutions for bank-based financial institutions. Competition is scattered and intense, there are no obvious leaders, customer stickiness is relatively high, and the company has its own unique competitive advantage. With the further liberalization of private banks, the state's supervision of the banking industry will be strengthened, and the requirements for informatization will be further increased. Moreover, credit, risk, and other systems are the core systems of banks and are the key to ensuring the normal business transactions of banks. This space is quite impressive. It is estimated that the domestic bank IT software and service market will reach 4.52 billion yuan in 2014. The reasonable valuation range is 23. 4 - 25.6 yuan. We selected companies that also provide IT services to financial institutions for comparison. The average price-earnings ratio of comparable companies in 2014 was 32.5 times. The estimated earnings per share of the company from 2013 to 2015 are: 0.59, 0.73, and 0.96 yuan, respectively. Giving a price-earnings ratio of 32 to 35 times in 2014 is quite reasonable, and the price range is 23.4-25.6 yuan. A subscription is recommended. Risk: Risk of financial innovation business delays, lack of catalysts for industry growth.