Events: Company announcement: 1) In order to highlight the company's future main business, the company decided to change its name from “Beibu Gulf Tourism Co., Ltd.” to “Xinzhi Cognitive Digital Technology Co., Ltd.”; 2) The company adjusted its development strategy and determined that “leading industry change with digital drive” is the main direction of the company's future development; 3) In order to optimize the company's organizational structure and adapt to future business development plans, the company plans to transfer all of the airline business to its wholly-owned subsidiary, Beihai Xinyi Cruise Co., Ltd.; 4) Chairman Wang Yusuo applied to resign, and the chairman of the board was replaced by Mr. Wang Zizheng. Comment: Focusing on the perception of the smart industry, the path of a single main business is clear. The name was changed to “New Intelligence Cognition” and “leading industry transformation with digital drive” was determined as the core development strategy. Combined with the decline in tourism assets, the company continued to focus on smart industry cognitive solution service providers, and the path of evolution from a dual industry to a single main business was clear. At the same time, with core technologies such as image analysis and data mining, the company has been deeply involved in the two major fields of smart security and smart transportation for a long time, and is actively accelerating the deployment of new business fields such as smart energy, smart enterprises, and smart tourism, with rich technology accumulation. This strategic focus once again clarifies the position of Xinao Group as a high-tech listing platform, and will help Xinao Group build a universal network ecosystem and home city service circle with the energy industry as the core. Provincial and municipal awareness platforms are progressing smoothly, and rapid development across the country is worth looking forward to. The company led the Reform Commission to set up a national laboratory to lead integrated command and dispatch, and launched and gradually improved new solutions such as integrated command and dispatch solutions, command center unified communication solutions, and human network platform solutions. In 2017, it successively obtained the construction and operation of 14 provincial and municipal business platforms, including Beijing, Shanghai, Sichuan, and Jiangsu, laying the foundation for strengthening accurate business area localization services, increasing market share and customer stickiness, and promoting the overall layout of the national market. At the same time, with technology accumulation in the fields of artificial intelligence and big data, and with the support of Xinao Group in various business formats such as energy, chemicals, and tourism, the company continues to develop cognitive solutions in various segments; combined with the layout of provincial and municipal cognitive platforms, it is worth looking forward to continued high growth in performance by adding incremental services in the future. Investment suggestions: The company changed its name to “New Intelligence Awareness”, tourism assets were reduced to subsidiaries, and the strategy focused on “leading industry transformation with digital drive”; the company focused on the smart industry and understood a clear path of a single main business. The company's 2018-2019 EPS is expected to be 1.17 and 1.64 yuan respectively, maintaining the “buy-A” rating, with a target price of 29 yuan for 6 months. Risk warning: Cognitive solutions are not progressing as expected; industry competition is increasing risk.