1. The data center business is booming, and orders strongly support the annual performance. Saiwei Intelligence is one of the leading Internet data center suppliers in China. at present, its data center business has covered first-tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen, and its enterprise strength is in the forefront of the domestic industry. In 2016, the performance of the data center business grew rapidly, accounting for 61% of the total revenue, which has become the main source of revenue for the company and is expected to strongly support the annual results. In the future, the company will position itself as the overall solution service provider of data center investment, construction and operation in the data center, and will further expand the market capacity of the data center business.
2. China's leading smart city integrated service providers, project orders continue to land. Saiwei Intelligence is the leader in providing comprehensive services for investment, construction and operation of smart cities in China, focusing on the top-level design and specification of smart cities, and has core technologies such as the development and design capabilities of smart city comprehensive software platforms. In September, the Smart Jishou Operation Center was officially opened, taking the lead in realizing the landing of the PPP project in the smart city in China. Saiwei Smart City mainly includes 18 applications, such as intelligent transportation, intelligent roadside parking, intelligent government affairs, and so on. The service model of its modular construction can be replicated and popularized.
3. The combination of artificial intelligence, smart city embedding and product strategy. At present, the company mainly includes service robots, UAV platforms and image analysis and data processing products in the field of artificial intelligence. The company has mature technology in the field of artificial intelligence and will deeply integrate intelligent city applications in intelligent transportation, intelligent security and other scenes. In addition, the company has formed a new sales team, next year will focus on artificial intelligence products, fully docking the broad market demand of AI applications, in order to achieve performance transformation in the direction of artificial intelligence.
4. Profit forecast and valuation:
Data center and smart city business actively expand the territory of the country, the total order volume continues to grow, combined with the consolidated income of the subsidiary "happy people", the company's performance is expected to increase significantly, and the production of artificial intelligence will further open up the company's growth space. It is estimated that the return net profit of the company from 2017 to 2019 will be 1.97,3.04 and 415 million yuan respectively, corresponding to EPS 0.58,0.89 and 1.21 yuan, corresponding to the current market capitalization PE of 26.2,17.0,12.5 times respectively.
Risk Tips:
The operating income of smart city is not as good as expected, and the productization of artificial intelligence business is not as expected.