Hold the strategy conference of Urban Intelligent Transportation 3.0 and release three platforms and two intelligent terminal products.
On October 10, Yinjiang held a conference on urban intelligent transportation 3.0 strategy and intelligent transportation + artificial intelligence forum in Hangzhou. Yinjiang said that on the original basis, it will strengthen the innovative application of new technologies such as big data and artificial intelligence in the field of intelligent transportation, establish and improve the full product lines of 2B, 2G and 2C, and take the trinity development path of "construction, operation and service". At the press conference, the company launched three major platforms, including traffic super computing platform, city-level intelligent parking cloud platform, Tongbao one-stop car life service platform, and two intelligent terminal products: "Police Robot" (Big π) and new generation driving assistant robot "Le Xingche Bao" (small π).
Create a traffic super computing platform to provide urban traffic scientific computing and services
According to the specific situation of the transportation industry, the company integrates the data, business and algorithms of the model, and builds a new computing framework to bridge the gap between scientific computing and traditional business applications. As the basic platform for providing urban traffic scientific computing and services, through the in-depth application of AI technology, the traffic super computing platform mainly aims at the five service objects of 2G, 2B, 2C, 2e and 2T to create eight functions such as urban traffic portrait and traffic element sketch. it covers four major business areas: public security traffic control, integrated transportation, public travel services and enterprise ecological cooperation.
Launch a new urban service platform to improve traffic management and service capabilities, and robot terminal products appear.
The company released the city-level smart parking cloud platform and the traffic car life one-stop service platform: the city-level smart parking cloud platform integrates parking network operation and management system, big data analysis system and other functions to effectively improve the economic benefits of the parking market. On the other hand, the one-stop service platform of traffic treasure car life effectively permeates and integrates the Internet industry and the traditional intelligent transportation industry, and combines more than 20 automobile aftermarket service platforms to launch more than 60 comprehensive services, so as to create a civilized travel credit system, ensure safe travel, and create a new form of exquisite traffic. In addition, the company also released the "police robot" as an intelligent terminal for traffic management assistance on outdoor duty, and the driving assistant robot "Le Xue Che Bao", which can realize intelligent voice, face recognition and driving safety assistance.
Join hands with Aliyun to build Hangzhou traffic cerebellum and undertake the function of optimal traffic signal control.
Led by the Hangzhou Municipal Government, Yinjiang is working with Aliyun to build an important part of the Hangzhou urban traffic data brain, namely the traffic cerebellum, which undertakes the optimal control of Hangzhou ground road traffic signals. the self-developed traffic Yunnao signal service platform will soon be fully applied in Hangzhou, opening "service"-oriented 2G, 2B, 2C channels. At present, the urban data brain has been signed in Hangzhou, Suzhou and other cities, and the relevant intelligent transportation products based on artificial intelligence technology will also go to other cities in the country together with the urban data brain. at present, the traffic Yunnao signal service platform independently developed by the company is about to be promoted and applied in Hangzhou.
Maintain the overweight rating
The net profit from 2017 to 2019 is expected to be 200 million yuan, 265 million yuan and 354 million yuan, corresponding to 47 times, 35 times and 27 times of PE. We are optimistic about the company's active exploration in the field of PPP in the smart city, and we hope to achieve rapid growth with sufficient on-hand orders after putting aside the burden of Asia. At the same time, transformative businesses such as smart cerebellum are also expected to be promoted to other regions when they mature, bringing a common improvement in performance and valuation, and maintaining an overweight rating. Considering that the PE valuation of the sector has risen to 51 times in 2017, and the company has a trading opportunity, give the target PE valuation of 50-55 times in 2017, and raise the target price to 15-16.50 yuan.
Risk tips: the progress of PPP model is not as expected; the progress of new business is not as expected; the progress of government project payback is not as expected; the effect of extension investment integration is not as expected.
