During the reporting period, the company achieved operating income of 1,623 billion yuan, an increase of 57.77% over the previous year; realized net profit of 99.1946 million yuan, an increase of 9.62 million yuan; and net profit of 85.915 million yuan after deducting non-return net profit, an increase of 21.41% over the previous year. The company expects net profit from January to September this year to be between 143-174 million yuan, an increase of -10%-10% over the previous year. Briefly, robotics and motion control products have driven high performance growth. The company's sales volume exceeded 1,000 units in half a year is one of the leading enterprises in the domestic robot and motion control industry, and it is also the largest channel seller of servo systems in China. During the reporting period, robot and motion control products accounted for 70.94% of revenue, or 1,151 billion yuan, with a gross profit margin of 20.15%, a decrease of 1.75% over the previous year. The core product - the sales volume of self-produced robot bodies exceeded 1,000 units in half a year, and the key business target of “the sales volume of self-produced robot bodies will continue to double (1,600 units) from exceeding 800 units (sets) in 2016” set at the beginning of the year is expected to be successfully achieved. Robotic products: Independent research and development has mastered core technology, and the advantages of high-quality customer resources are obvious. The company invested 68.0186 million yuan in R&D in the first half of '17, an increase of 8.5% over the previous year, mainly in robot and servo system development. The company has a strong R&D team, a perfect R&D platform, and penetrates the core technology of the entire robot industry chain of “key core components - main body - engineering application - teleinformatization”. The company has formed a good market reputation and brand effect with its R&D strength. The robot products are suitable for operation under various light and heavy load conditions. Downstream customers cover elevators (Kangli elevators), manufacturing (Dongfeng equipment, Haili shares, Kaineng Environmental Protection, Foxconn, Goertek Acoustics, Gree Electric), automobiles (BYD, FAW Sedans, Great Wall Motors, SAIC Motor Group, Lifan Shares, Geely Motors, GAC Mitsubishi) and other well-known enterprises in various fields. The leader in the elevator control system industry, supplying the world's top four elevator manufacturers, is one of the leading enterprises in the domestic elevator control system industry, and is a strong competitor of Huichuan Technology. During the reporting period, the elevator control system achieved a revenue share of 13.34%, or 216 million yuan, and a gross profit margin of 30.08%, a year-on-year decrease of 1.62%. The company has excellent product quality and supplies the world's top four elevator manufacturers (US Otis, Finland KONE, Switzerland Schindler, Germany's Thyssenkrupp), and domestic customers cover many well-known first-tier manufacturers such as Kangli Elevator and Guangri Co., Ltd. It is an advanced enterprise in energy saving and industrial transmission, and a huge marketing network ensures that the company continues to independently develop and produce various high and low voltage industrial inverter products. The product gross profit is as high as 48.41%. It is the largest domestic channel agent specializing in sales and service of servo systems and other motion control equipment, and the world's largest channel agent for Panasonic servo system products in Japan. The subsidiary Huitong Technology has a huge sales network and more than 7,000 downstream application customers, helping to maintain high profit margins and further expand market share. It is estimated that the company's EPS from 2017 to 19 will be 0.35, 0.42, and 0.51 yuan respectively, and the corresponding PE will be 32 times, 27 times, and 22 times, maintaining the “buy” rating, and the target price is 15.05 yuan.