Event: the holding company of Mr. Yang Zhenhua, Cao Xinjun, Chen Hongshun and Wang Shouyan, the holding company of the company's controlling shareholder and actual controller (also a concerted actor), completed the increase of 2 million shares in the company.
Main points of investment:
The increase of actual controller holdings and employee stock ownership plan show confidence in development. On May 27th, the company announced that four controlling shareholders and actual controllers of the company intend to establish Felix Investment Holdings Co., Ltd., and are expected to increase their holdings in the company by 2 million shares within six months, accounting for 0.1393% of the total shares of the company. 11.21 the company announced that it had fulfilled its previous commitment to increase its holdings. In addition to the controlling shareholders increasing their holdings of the company's shares, the company launched the employee stock ownership plan in May this year. As of September 18, the employee stock ownership plan has been completed, with a total purchase of 26.5349 million shares, accounting for 1.85% of the company's total share capital, with an average transaction price of 8.525 yuan and a lock-up period of one year. We believe that through the employee stock ownership plan and the increase of controlling shareholders, on the one hand, it highlights the management's confidence in the future development of the company, and on the other hand, it fully mobilizes the enthusiasm and creativity of employees to ensure the stability of middle and high-level personnel. Ensure the long-term and stable development of the company.
The layout of the Internet of things continues to land. The company's layout on the IoT side covers the underlying MCU, device-side sensors and RFID, and application-side solutions. The reading and writing performance of RFID products developed and produced by the company is among the best in northern China, and it has landed Chongqing grain and oil project, Xilingol animal husbandry traceability, data collection and monitoring, Zhejiang Zhenhai water monitoring, image recognition Haier intelligent factory, etc. The development and verification of the FPGA version of the MCU chip invested by the company in cooperation with Memus and Reiskai has been completed and the streaming production process is being started.
Big data will be the company's long-term development core strategy, financial + data realization will continue to land. In the future, the company will take big data business as the core, intelligent conference, smart city, online education as big data application development direction and data channels. At present, the company has formed a clear development model in the three fields of precision marketing, credit and public opinion, and has successively landed on cases such as Tibet credit platform, China Southern Mobile competitive product marketing, State Grid big data operation and inspection platform and so on. In September 2017, the company plans to launch the establishment of Science and Technology Insurance Company, which is expected to become the first science and technology insurance company in North China. Prior to this, the company has successively invested in the establishment of financial service platforms such as Beijing Wood Electronic Trading Center, Datong Forest Commodity Trading Center, Sichuan Merchants crop Trading Center, and so on. This time, the company makes use of its own advantages of big data, Internet, credit information and information security technology, together with experts with rich experience in the insurance industry, will fully integrate the model of "Internet + Finance + Technology" and realize the combination of industry and finance. further expand the space for data realization.
Valuation and investment advice: the company's EPS is expected to be 0.32,0.42 and 0.54 yuan respectively from 2017 to 2019, and the current share price is times higher than that of 24-18-14, maintaining a "buy" rating.
Risk tip: the Internet of things and big data innovation business progress is slow.